Udyog Aadhaar / MSME Registration

Udyog Aadhaar or MSME Registration

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


1. MSME Registration
Adroit Corporation can help your business obtian MSME Regisration in 10 to 20 days, subject to Government processing time.
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.
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).
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.
Advantages
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.
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.
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.

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.
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.
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.

FAQ


What is MSME Registration?
Who can obtain MSME Registration?
What is a Micro Enterprise under the MSMED Act?
What is a Small Enterprise under the MSMED Act?
What is a Medium Enterprise under the MSMED Act?
What are some of the benefits of MSME Registration?
What are the documents required for MSME registration?
How long does it take to obtain MSME registration?
What is the validity of a MSME Registration?
What if my Enterprises crosses the investment threshold of the MSME Act,?