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MSME Registration

 

MSME stand for Micro Small Medium Enterprises. Ministry of MSME is distributing the certificate in the name of Udyog Aadhaar registration for the growth of the small business upto the investment for 10 crores in manufacturing sector and 5 crores in case of service industries. In 2015, MSME department changed the name of the MSME certificate as Udyog Aadhaar certificate with the unique reference number of UAN number. So the MSME certificate and Udyog Aadhaar certificate are same. Further validity of this certificate is lifelong.

 

How enterprises are classified as Micro, Small and Medium Enterprise?

 

MSME are classified into two categories:

  • Manufacturing enterprise; and
  • Service enterprise.

These enterprises are further classified according to amount of investment in Plant, Machinery / equipment’s as per below table:

 

NATURE OF ENTERPRISE

MIRCO

SMALL

MEDIUM

Manufacturing Enterprises

Up-till Rs 2,500,000

>   than Rs 50,000,000

>  than Rs 100,000,000

Service Enterprises

Up-till Rs 10,00,000

>  than Rs 20,000,000

 >  than Rs 50,000,000

 

Hence, you can apply for MSME Registration, if your enterprise has done investment in Plant, Machinery / equipment’s up-till the limits as specified above. Further, both new and existing enterprises can apply for MSME registration and get the certificate.

 

Benefits of MSME Registration

 

Some of the Benefits of Having MSME Certificate or Udyog Aadhaar Certificate

  • 100% Collateral Free loans from all banks subject to bank policy.
  • Reduction in interest rates from Banks.
  • Special consideration on International Trade fairs.
  • Waiver in Security Deposit in Government Tenders and Departments.
  • 50% subsidy for patent registration.
  • Most states government offer subsidies on power, taxes and entry to state-run industrial estates.
  • Tax Benefits.
  • Business registered under MSME are given higher preference for government license and certification.
  • There are many government tenders which are only open to the MSME Industries.
  • The MSMED Act, 2006 specifies 45 day credit period for the recipient of any goods or services to pay to the MSME supplier.

 

Documents / details required for MSME Registration

  • Name of Enterprise
  • Nature of Business of enterprise
  • Date of Incorporation / start of Business
  • Email & Mobile Number of enterprise
  • Business address of Enterprise
  • Copy of PAN of Enterprise
  • Number of Employees in enterprise
  • Investment in Plant, Machinery & Equipment
  • GST Number of enterprise, if available
  • Applicant name
  • Copy of Applicant Aadhaar Card & PAN Card

 

What is the time required in obtaining MSME Registration?

 

It will take 24-36 hours to complete the entire process and you will get MSME Registration certificate directly on your email.

 

Where we can help

 

PKP can help you in getting the MSME Registration for your enterprise in least possible time and cost.

 

Contact PKP for LEI Registration or MSME Registration

Contact Person: Prakash K Gupta

Email -  pgupta@pkpconsult.com, pkpconsult1977@gmail.com

Telephone Numbers: +91-11-23382207 / 23388753

Mobile Number: +91- 98110 31841

 

Prakash K Prakash PKP Consult +91-9811031841 pkpconsult1977@gmail.com