BASIC PLAN
MSME or UDYOG AADHAR REGISTRATION:
o MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories are considered to be MSME.
o To support and promote MSMEs, the Indian government offers various subsidies, schemes and incentives through the MSMED Act.
o MSME in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act.
o Although the MSME or Udyog Aadhar Registration is not mandated by statute, it is beneficial for such enterprises to avail benefits such as exemptions for excise duty, subsidies on power tariff, lower interest rates, subsidies on tax, subsidies on capital investment, etc.
STANDARD PLAN
Rs 2,999/-
PREMIUM PLAN
- MSME or Udyog Aadhar Registration.
- GST Registration.
- Trademark Registration.
Rs 4,499/-
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MSME OR UDYOG AADHAR REGISTRATION
- MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories are considered to be MSME.
- They are the backbone of any economy and are engines of economic growth promoting equitable development for all.
- Therefore, to support and promote MSMEs, the Indian government offers various subsidies, schemes and incentives through the MSMED Act.
- A registration under the MSMED Act is required to avail the benefits of the same from the central or state government and the banking sector. This registrations is known as the MSME registration.
- Micro, small and medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act.
- Although the MSME or Udyog Aadhar Registration is not mandated by statute, it is beneficial for such enterprises to avail benefits such as exemptions for excise duty, subsidies on power tariff, lower interest rates, subsidies on tax, subsidies on capital investment, etc.
- ADVANTAGES OF MSME OR UDYOG AADHAR REGISTRATION:
- Tax subsidies – Many income taxes, as well as capital gain subsidies, are provided by the Government to MSMEs.
- Lower interest rates – Banks provide MSMEs with lower interest rates on bank loans to the tune of almost 1-1.5 %.
- Quicker approval – Enterprises registered under MSME are provided with quicker approvals from Government in terms of license and certifications.
- Special tenders – Many Government tenders are open only to MSMEs in order to encourage smaller businesses in the country.
- Cheaper facilities – Electricity, infrastructure, etc. are cheaper for MSME Registration business units.
MSME OR UDYOG AADHAR CLASSIFICATION
- Not all businesses require to obtain MSME registration in India.
- An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: —
- (i) Micro enterprise – where the investment in plant and machinery or equipment does not exceed Rs. 1 crore and turnover does not exceed Rs 5 crore;
- (ii) Small enterprise – where the investment in plant and machinery or equipment does not exceed Rs 10 crore and turnover does not exceed Rs 50 crore; and
- (iii) Medium enterprise – where the investment in plant and machinery or equipment does not exceed Rs 50 crore and turnover does not exceed Rs 250 crore.
| Classification | Investment in plant and machinery or equipment | Turnover |
|---|---|---|
| Micro enterprise | Not more than Rs 1 Crore. | Not more than Rs 5 Crore. |
| Small enterprise | Not more than Rs 10 Crore. | Not more than Rs 50 Crore |
| Medium enterprise | Not more than Rs 50 Crore | Not more than Rs 250 Crore. |
DOCUMENTS REQUIRED FOR MSME OR UDYOG AADHAR REGISTRATION
- Company PAN card
- MOA, AOA & Incorporation Certificate
- Company Address Proof
- Firm PAN card
- LLP Agreement/ Partnership deed
- Firm Address Proof
- Proprietor’s PAN card
- Shop Act / Ghumasta License
- Address proof of Firm
PROCEDURE FOR MSME OR UDYOG AADHAR REGISTRATION
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