MSME Registration

MSME Registration is important because it demonstrates to your fellow workers in the business community that you are interested in making a mark in the international world. Also known as Udyog Aadhar, this registration sees to it that your business has a passport, even if it is just a startup business. Our company can make the process extremely easy, allowing you and your associates to get your passports in as little as two days.

HIGHLIGHTS

Here are all the questions you need to know regarding MSME Registration.

Definition of MSME

What is a good definition of MSME?

A good working definition of MSME would be that it stands for Micro, Small, and Medium enterprises and it works on developing various promotions, developments, and enterprises through a number of different suggestions and schemes.

Register for MSME

Why should you register for MSME?

The main reason why you should register for MSME is that you will make your business eligible for a number of different government benefits, including, but not limited to, perks from the Central Government, awards from the State Government, and benefits from various banks as well.

Monitors MSME Registration

Okay, but just who is it that monitors MSME Registration?

MSME Registration is governed by the MSMED Act of 2006 and is overseen by the Ministry of Micro, Small and Medium Enterprises. All of these enterprises are explained in more detail below:

  • Turnover Criteria : All taxpayers who have an annual turnover above 40 lakhs are required to get a new GST registration.
  • Micro Enterprises : This description is reserved for those who have enterprises within the manufacturing sector within the Plant and Machinery realm. When it comes to the Plant and Machinery area of the operation, the cost is usually over 25 Lakh. However, within the equipment realm of the operation, it is normally over 10 Lakh.
  • Small Enterprises : In Small Enterprises, the prices on the investments will change. Instead of Lakhs, they will be over 5 Crore in Plant and Machinery and over 2 Crore in the equipment section.
  • Medium Enterprises : In medium enterprises, the payment for Plant and Machinery is usually over 10 Crore and the payment for equipment is over 5 Crore
Why You Register

How does the MSME Registration help my business?

There are a number of excellent benefits regarding registration with MSME. Just consider some of the following unique advantages:

  • Low-Interest Rate : Literally any bank that you encounter throughout India will treat your business with respect if they know that you are MSME registered. This basically means that you will be able to command much lower interest rates when you need to take out a business loan. Moreover, many banks will give you even further privileges simply because they will realize you are a good credit risk.
  • Relaxation in Trademark Government Fees : For a normal business, the Indian government will charge an immense amount of fees simply for the privilege of having a trademark. However, those businesses that actually took the time to become MSME registered will not have to pay any fees whatsoever because they have those fees waived.
  • Credit Support Schemes : The Indian Government currently runs a number of schemes in order to help MSME-registered businesses flourish financially.
  • No Delayed Payment : If an MSME-registered business makes a sale to a client, the client is required by law to complete payment on the purchase in no less than 45 days.
  • An Easy Loan Completed in 59 Minutes : All MSME registered businesses will also have the privilege of a streamlined loan process of up to 1 crores that can be completed in 59 minutes or less. Further details regarding this convenient loan plan will be discussed below.

AN MSME LOAN IN AS LITTLE AS 59 MINUTES!

The Indian government has had a strong desire to streamline the MSME registration and loan process for a number of years now. With that in mind, they founded an initiative called the MSME Support and Outreach Programme (SOP). In short, this is the scheme that the Indian government has provided in order to make sure that all loans to MSME-registered businesses are done as quickly as possible, often in 59 minutes or less!

Indian lawmakers also have a strong desire to assist GST registered enterprises. They are going to do this by granting a 2% subsidy in the interest rates. Additionally, India wants to help those MSME businesses with a unique import-export code by allowing them to have a 3 percent to 5 percent rebate on loans granted in the pre-shipment and post-shipment status.

MSME REGISTRATION PROCESS

Of course, it is also important to fully understand the registration process involved in an MSME business. The following steps must be completed:

  • 1

    Send an email containing all of the required documents and information

  • 2

    Choose your MSME package and pay for it online. A number of payment options are available

  • 3

    Realize that a dedicated professional will be handling your order

  • 4

    The professional handling your MSME order will ensure that your Aadhar Card is linked to a good mobile number

  • 5

    Once the professional handling your MSME package has ensured that your Aadhar Card and your mobile number are linked correctly, they will submit your MSME application.

  • 6

    Your MSME certificate will be sent over your e-mail after all of these steps have been completed successfully.

Documents Required

Documents Required for MSME Registration

Pan Card

Pan Card

Aadhar Card

Aadhar Card

Complete Postal Address

Complete Postal Address with District and PIN

Bank Account

Bank Account Details

AVAILABLE PACKAGES

Udhyog Aadhar Registration (MSME)

799
Includes all taxes

Udhyog Aadhar Registration (MSME)

Common Questions About MSME Registration

Answer

Yes, you will most certainly need this card in order to get MSME registration underway.

Answer

You can still apply for MSME certification; however, it is going to be a much more lengthy process. It is best if you get your mobile number and Aadhar card to match up.

Answer

Very It is valid for life.

Answer

With our service, you can literally get it in a matter of days.

Answer

Oh yes. Our company is formally called e-file, and we offer our services all over India. This would include both the urban and rural areas.