MSME / SSI / UDAM REGISTRATION

INTRODUCTION

Micro, Small, and Medium-Sized Businesses (MSME) have emerged as one of India’s most exciting and dynamic economic sectors in recent decades. The Indian government’s principal goal in the country’s economy is “enterprise growth,” and it seeks to manufacture a variety of items to meet both domestic and international demand. MSME stimulates the Indian economy through creating jobs and self-employment.

Under the MSMED legislation, Micro, Small, and Medium-Sized Businesses (MSMEs) in the manufacturing and service sectors are eligible for MSME Registration or SSI/Small Scale Industry Registration. Despite the fact that MSME online registration is not required, it is normally recommended to small and medium-sized businesses because it provides a number of advantages. Interest rates on loans, tax breaks for capital expenditures, and other forms of government assistance would all be dramatically cut. We can assist your company in registering as an MSME online so that you may take advantage of a variety of perks.

WHAT IS MSME?

MSMED legislation allows Micro, Small, and Medium-Sized Businesses (MSMEs) in the manufacturing and service sectors to get funding. The Indian government passed the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, which defines a micro, small, and medium enterprise as follows:

Companies engaged in the production, processing, or storage of the commodities listed below:

A micro enterprise is defined as one with an investment in machinery and plant of less than Rs. 25 lakh.
A small enterprise is one that invests more than Rs. 25 lakh but less than Rs. 5 crore on machinery and plant.
This initiative will help all entrepreneurs, including first-generation women, members of scheduled castes and tribes, people with disabilities, ex-servicemen, and other vulnerable groups, by allowing them to start businesses.

Benefits Of MSME Registration In India

Bank Loans (Collateral-Free).

Patent Registration Subsidy.

Overdraft Interest Rate Exemption Bank Loans (Collateral-Free)
Eligibility for the Industrial Promotion Subsidy.
Fewer electricity bills. Protection against Payments (Delayed Payments).
Payment of ISO Certification Fees.

REQUIREMENTS FOR MSME/UDYAM REGISTRATION

Aadhar Card
PAN Number and GST Number
Business Office Address and Plant Location
Bank Account Information for the Business
Over the past two years, the company’s turnover
In writing Amount of the business’s investment
What kind of income tax return was submitted the prior year?
Date of business establishment or incorporation
Business activity type that is being performed
the number of employees and their gender at the company

PROCESS OF MSME/SSI REGISTRATION

Documentation – In the beginning, prepare/assemble all the paperwork needed for the MSMI/SSI Registration; all paperwork is listed above.

Application Submission – After gathering all necessary documentation, submit an online application to the MSME/Udyam office along with it.

Examination – Udyam personnel will evaluate the documents and determine whether or not the application information is accurate.

Certificate of Registration – Upon application approval, registration is completed. The MSME registration Certificate will be given by Udyam.
number of employees and gender of each at the company

Lead Time : 2 working days