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SSI MSME Registration

In Just 15 days . From Any where in India. In just 3 Simple Steps

SSI MSME Registration

Online MSME Registration in India

MSME stands for Micro, Small, and Medium Enterprises and plays a crucial role in the socio-economic development of the country. To enjoy the benefits provided by the Ministry of Micro, Small & Medium Enterprises, businesses must register under the Micro, Small and Medium Enterprises Development Act (MSMED). MSME Registration Online In India is mandatory for businesses to take advantage of various government schemes.

The MSME sector contributes significantly to India’s economy, with about 95% of all industrial units, 45% of industrial jobs, and 50% of total trades or exports. According to data on the Official MSME Website, msme.gov.in, these enterprises manufacture over 6000 different types of products and goods. Small-scale industries or SSIs are the backbone of the economy and contribute to its growth and prosperity.

What is MSME Udyam Registration in India?

MSME Online Registration in India – Types and Classification

As per the MSMED or Micro, Small, and Medium Enterprises Development Act of 2006, MSMEs are classified into two different types based on their nature of work. The two types of MSMEs are as follows:

Manufacturing Enterprises:

  1.  These enterprises are involved in the manufacturing or production of goods in the industry. They can be further classified based on their investment in plant and machinery or equipment.

Service Enterprises:

  1.  enterprises are engaged in supplying or providing services. They can be further classified based on their investment in equipment or other assets.

If you’re looking to Register Your MSME Online, you can easily do so on the hsradvisory.in  Website. Whether you’re looking for a new registration or renewal, the process is simple and straightforward. You can also Apply For MSME Registration Online In Karnataka or any other state in India.

Benefits of MSME Online Registration in India

MSME Online Registration In India provides several benefits to businesses. Here are the advantages of the MSME Registration Certificate Online In India:

Lower Interest Rates On Loans:

  1. The rate of interest on loans is much lower when compared to the interest on regular loans. The bank loans provided to this type of enterprise become extremely cheaper as the rate of interest is very less; it is around 1 to 1.5%, once an individual goes for Udyog Aadhar New Registration In India

Access To Government Tenders: 

  1. There are several government tenders that are offered only for the MSME industries. Registered MSMEs have higher chances of winning government contracts and tenders.

MAT Credit:

  1. The registered MSME is also applicable to get credit for MAT (Minimum Alternate Tax) and it can be carried forward for about 15 years instead of the time period of 10 years. This benefit helps MSMEs save on taxes and reinvest the saved amount in their business.

Easy Access To Loans And Credit: 

  1. MSME industries are allowed to get easy access to loans and credit. This benefit enables MSMEs to get the necessary funding for their business activities.

Concessions And Reimbursements: 

  1. For registered MSMEs, the cost of receiving evidence is done, or the cost of setting up the business unit is reduced as many concessions and reimbursements are available to these industries.

Higher Preference In Government Certification And License Process: 

  1. The businesses which are registered under MSME will get higher preference in the government certification and license process. This benefit helps MSMEs to navigate the regulatory environment with greater ease.

One-Time Settlement Fee For Non-Paid Amounts: 

  1. There is a One-Time Settlement Fee that is imposed for all non-paid amounts of MSME Certificates. This benefit helps businesses to settle their outstanding dues without incurring additional penalties.

In conclusion, MSME Online Registration In India provides several benefits that can help businesses to grow and thrive. From lower interest rates on loans to access to government tenders, MSMEs have much to gain by registering online.

MSME Registration Certificate: A Step-by-Step Guide

If an entity wishes to Obtain An MSME Registration Certificate, it must first register under MSME. The following steps must be followed to obtain this registration:

The MSME registration must be completed online by visiting the government portal, ‘udyamregistration.gov.in’. There are two categories available:

  1. Registration of new entrepreneurs holding EM-II (Entrepreneurship Memorandum – II) or entities not yet registered as MSMEs.
  2. Registration of those already having Udyog Aadhar Memorandum (UAM) or UAM acquired through Assisted Filing.
  3. If falling under the first category, applicants should click on ‘For New Enterprises who are not Registered yet as MSME or those with EM-II’ provided on the website homepage. This leads to a form that asks for an Aadhaar number and the name of the business owner/entrepreneur.
  4. After entering the details, click on ‘Validate and Generate OTP,’ which will generate an OTP to the mobile number registered with the Aadhaar card.
  5. A page for PAN verification will appear, where the ‘Type of Organization’ and PAN details must be entered. The portal will validate the PAN details from the Income Tax Portal or government database.
  6. Once the PAN has been successfully verified, an Udyam Registration form will appear where the details of mobile number, email address, plant, turnover details, and the number of employees shall be filled in.
  7. After filling in all necessary details, click on ‘Submit and Get Final OTP,’ which will complete the MSME Registration Process, and a message stating the same, along with a reference number, will be generated automatically.
  8. Based on the verification of the details furnished, the MSME authority will issue the registration certificate.

For those already having UAM (MSME Udyam Registration) or UAM acquired through Assisted Filing, follow these steps:

  1. Click on ‘For those having registration as UAM’ or ‘For those already having registration as UAM through Assisted filing’ on the website homepage.
  2. Choose to receive OTP for validation on the email or mobile number given under UAM.
  3. Enter the Udyog Aadhar Number along with the Aadhaar number and choose an option for OTP.
  4. Click on ‘Validate and Generate OTP,’ which will initiate the action, and the OTP shall be generated and filled by the applicant on the website.
  5. On successful validation of the details, the MSME Registration Form must be filled in to complete the registration process.

The eligibility criteria for MSME Registration Online in India

If you’re looking to register your Micro, Small, or Medium Enterprise (MSME) online in India, it’s important to know the eligibility criteria. As per the recent Atma-nirbhar Bharat Abhiyaan Economic Package, the distinction between services and manufacturing enterprises has been removed, and the investment amount and annual turnover requirements are now the same for both sectors.

To register your MSME online, you can visit the government website and follow the online registration process. The process is free and can be done easily from anywhere in India. You can also renew your registration online when it expires, or Apply For New Registration if you’re starting a new MSME.

Turnover Criteria for MSME Registration

Understanding the New Definition of MSMEs in India

One of the key criteria for MSME registration is the turnover of the business. In 2020, the Government of India revised the definition of MSMEs to encourage more businesses to register and benefit from various schemes and initiatives aimed at supporting small businesses. Under the new definition, the turnover limit for small businesses to register as MSMEs has been increased to up to Rs 5 crore. This is a significant increase from the previous limit of Rs 1 crore.

Medium-sized businesses can now register as MSMEs with a turnover of up to Rs 250 crore, up from the previous limit of Rs 100 crore. The new definition is expected to benefit around 2 crore MSMEs in India and provide easier access to credit, subsidies, and other benefits.

Documents needed for MSME Udyog Aadhar Registration in India

Documents needed for MSME Registration Online in India

Are you looking to Register Your Business As An MSME In India? Here’s everything you need to know about the online registration process

To start with the MSME Registration Online, you will need to provide some documents and information. These include:

  1. Aadhar card of the applicant
  2. Owner’s name (as mentioned in the Aadhar card)
  3. The social category of the applicant
  4. Gender and physical status of the applicant
  5. Name and type of enterprise
  6. PAN number
  7. The official address of the enterprise’s plant
  8. Date of incorporation of the business
  9. Details of the previous registration of the enterprise (if any)
  10. Bank details of the enterprise
  11. Business operations (Service or Manufacturing)
  12. NIC code
  13. Employment details such as the total number of workers or employees in the organization
  14. Investment in the machinery and equipment unit of the organization

Make sure you have all these documents and information ready before starting the registration process. It’s quick and easy to Register Your MSME Online the government website. Don’t forget to renew your registration periodically to enjoy the benefits and incentives offered to MSMEs in India.

The procedure for MSME Registration online in India – Udyam Registration Portal

If you’re looking to register your business under the MSME scheme in India, here’s a detailed procedure to follow:

  1. Fill out the MSME registration application form: Start by filling in the necessary details in the application form for MSME registration. You can either do this online or offline.
  2. Gather required documents: Collect all the documents as prescribed in the MSME registration application form. This process usually takes 1-2 working days.
  3. Upload documents: Upload the necessary documents and submit the application form to the Registrar of Udyog Aadhar MSME. The authorities will process and verify the authenticity of your documents, which takes another 2 working days.
  4. Get registered: Once the regulatory authorities are satisfied with the documents and other submissions, your company will be registered under the MSME scheme.

Make sure you have all these documents and information ready before starting the registration process. It’s quick and easy to Register Your MSME Online the government website. Don’t forget to renew your registration periodically to enjoy the benefits and incentives offered to MSMEs in India.

The procedure for MSME Registration online in India – Udyam Registration Portal

If you’re looking to register your business under the MSME scheme in India, here’s a detailed procedure to follow:

  1. Fill out the MSME registration application form: Start by filling in the necessary details in the application form for MSME registration. You can either do this online or offline.

Gather Required Documents:

  1.  Collect all the documents as prescribed in the MSME registration application form. This process usually takes 1-2 working days.

Upload Documents: 

  1. Upload the necessary documents and submit the application form to the Registrar Of Udyog Aadhar MSME. The authorities will process and verify the authenticity of your documents, which takes another 2 working days.

Get Registered: 

  1. Once the regulatory authorities are satisfied with the documents and other submissions, your company will be registered under the MSME scheme.

Steps for registration

Step 1

A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradise

Step 1

A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradise

Step 1

A small river named Duden flows by their place and supplies it with the necessary regelialia. It is a paradise
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Frequently Asked Questions

Answered by our experts

MSME Form-1 is a self-declaration form that needs to be filled out by the applicant during the registration process. It contains details like the organization's name, type, PAN card number, GSTIN, bank account number, and IFSC code.

The details required for MSME registration include the organization's name, type of organization (proprietorship, partnership, limited company, HUF, co-operative society, trust, LLP), PAN card number, GSTIN, bank account number, and IFSC code.

The MSME registration process is free of cost, and no fees are charged for obtaining the MSME certificate.

The MSME new registration can be applied for online through the official website of the Ministry of MSME. The applicant needs to provide basic details such as PAN card, Aadhar card, bank account number, IFSC code, and other relevant information.

MSME online registration can be done for free through the official government website https://udyamregistration.gov.in. However, applicants may need to provide certain documents such as their PAN card, GSTIN, and bank account details.

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