Udyog Aadhaar / MSME Registration


MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, Udyog Aadhaar / MSME Registration is required.

Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain Udyog Aadhaar / MSME Registration under the MSMED Act. Though the Udyog Aadhaar / MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. Adroit Corporation can help your business obtain Udyog Aadhaar / MSME Registration to avail a host of benefits.

SSI / MSME Registration Process


[process_cycle] [step title=”1. MSME Registration”]Adroit Corporation can help your business obtian MSME Regisration in 10 to 20 days, subject to Government processing time.[/step] [step title=”2. Application Preparation”]Adroit Corporation Financial Expert will prepare your MSME Application along with the necessary supporting documents that needs to be submitted for MSME Regisration.[/step] [step title=”3. Application Processing”]Once the application is prepared and submitted, the concerned MSME Office will process the application and may request for more information or documents (if required).[/step] [step title=”4. MSME Registration”]While processing the application, if required an Adroit Corporation Financial Expert will help respond to any query or request for document and obtain MSME Registration.[/step] [/process_cycle] [advantage] [adv_part title=”MSME Registration”]MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes.[/adv_part] [adv_part title=”Registration Criteria”]To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.[/adv_part] [adv_part title=”Micro Enterprises”]A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.

[/adv_part] [adv_part title=”Small Enterprise”]A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.[/adv_part] [adv_part title=”Medium Enterprise”]A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.[/adv_part] [adv_part title=”Validity”]To sue means to institute legal proceedings against or to bring a suit in a court of law. Just as one person can bring a legal action in his/her own name against another in that person.

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FAQ


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What is MSME Registration?
MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes, aimed at developing MSMEs.
Who can obtain MSME Registration?
MSME Registration can be obtained by business in the manufacturing or service sector. To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.
What is a Micro Enterprise under the MSMED Act?
A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.
What is a Small Enterprise under the MSMED Act?
A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.
What is a Medium Enterprise under the MSMED Act?
A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.
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What are some of the benefits of MSME Registration?
MSME Registration has a range of benefits implemented as subsidies, schemes and incentives. Enterprises registered with the MSMED Act enjoy interest rate concession and their borrowing is classified under Priority Sector Lending. Enterprises registered with the MSME act are also allowed to avail a number of subsidies and schemes floated by the State and Central Government. Some of them include, subsidy for ISO registration, subsidy for obtaining International patents, subsidy for participating in tradeshow, subsidy for implementing barcode on Products, etc.,
What are the documents required for MSME registration?
To obtain MSME registration, proof of address of business, proof of identity of the promoters and constitution of the business [Partnership deed, Incorporation Certificate, etc.,] is required. Additional documents may be required based on the State in which the MSME Registration is sought.
How long does it take to obtain MSME registration?
MSME Registration process is state specific. Therefore based on the state, the MSME Registration processing time differs. MSME Registration can typically be obtained in 10 – 15 working days.
What is the validity of a MSME Registration?
MSME Registration is first provided as a Provisional Registration Certificate with a validity of 5 years. Once, the unit has commenced production, a Permanent Registration Certificate is issued which is valid for lifetime of the entity.
What if my Enterprises crosses the investment threshold of the MSME Act,?
If the business grows and investments more than Rs.10 crores in plant and machinery in case of manufacturing entity and more than Rs.5 crores in plant and machinery in case of service entity, the enterprise should apply for de-registration.
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