MSME Registration Online in India

What Is MSME Registration?

MSME registration stands for the Micro Small and Medium Enterprises registration. The Government of India launched the MSME Act to support MSMEs through various schemes, incentives and subsidies. The Ministry of Micro, Small and Medium Enterprises is a branch of the Government of India. Banks provide loans at lower rates of interest with MSME registration. MSMEs play an important role in the country's economic growth.

Benefits of MSME/SSI Registration

Benefits of MSME/SSI registration are as follows:

• Cheaper infrastructure: For MSME/SSI registered companies, charges are very low.
• Pre-defined object or period: A partnership can be formed within a specified period or to complete a specific project or object. Once the same is completed, the partnership will automatically stand dissolved.
• Quicker approvals from state and central government bodies: Businesses which are registered under MSME/SSI get higher preference.
• Access to tenders: Various government tenders are open to MSME/SSI to promote small business in India.
• MSME market development assistance for micro and small enterprises: The government has promised to buy products from these MSMEs.
• Cheaper bank loans: MSME/SSI registered companies get a lower rate of interest on loans.
• Easy access to credit: Loans are provided to MSME/SSI without collaterals. PM Modi introduced the Mudra loan scheme which is very beneficial.
• Concession in trademark registration.
• Concession in patent registration.

Who All Are Eligible for MSME Registration?

The below-mentioned entities are eligible for MSME Registration:

All the micro, small and medium level business entities falling in the prescribed parameter can apply for MSME registration in India. Apart from micro, small, and medium level enterprises:

• Limited Liability Partnerships (LLP)
• A Private Limited Company (Pvt. Ltd.)
• One-Person Companies (OPC)
• Proprietorship firms
• Public companies can also apply for MSME registration.

Also, if the company is in the manufacturing or the service sector, it can go for MSME Registration. Any entity having a valid Aadhaar Number can apply for MSME Registration, as Aadhaar Number is mandatory for issuance of the MSME Certificate.

What Businesses Are Categorised Under the MSME Scheme?

For Manufacturing Sector — Amount Invested in Assets:

• Micro enterprises: Enterprises investing less than Rs 25 lakhs in assets.
• Small enterprises: Enterprises investing between Rs 25 lakhs and Rs 5 crores in assets.
• Medium enterprises: Enterprises investing between Rs 5 crores and Rs 10 crores in assets.

For Service Sector — Amount Invested in Equipments:

• Micro enterprises: Enterprises investing less than Rs 10 lakhs.
• Small enterprises: Enterprises investing more than Rs 10 lakhs but less than Rs 2 crores.
• Medium enterprises: Enterprises investing Rs 2 crores but less than Rs 5 crores.

Documents Required

MSME registration requires a few documents and details about the individual. Aadhaar Card is compulsory in the registration of MSME.

The following are the documents required for the registration process:

• Aadhaar number of the applicant
• Bank account number and IFSC code
• The basic business activity of the enterprise
• NIC 2 digit code — investment in plant and machinery/equipment
• MOA and AOA
• Copies of Sales Bill and Purchase Bill
• Name, gender, PAN number, email ID and mobile number of the applicant
• PAN, location, and address of the organization
• Number of employees and the date you are planning to start your business

Registration Process

• Fill Application Form: This is the first step in which you have to fill in necessary documents or details related to the individual or business.
• Enter Personal Details: In this step you have to fill all your personal details such as name, address, bank account details and PAN card.
• Executive Will Process Application: In this step, the executive will review your application. If there is any error, you will be notified soon.
• Receive Certificate on Mail: After filing the complete form you will get the certificate for MSME Registration. You will get the virtual certificate as the Ministry will not issue any hardcopy for it.

How Can an Applicant Check MSME Registration Status?

An applicant can check the MSME Registration status by reference number and name by following the below-mentioned steps:

• Step 1: To check the status, an applicant can visit the MSME Registration portal.
• Step 2: Enter the 12-digit UAM number followed by a verification code as mentioned in the Captcha image.
• Step 3: After entering the 12-digit UAM number, click on the 'Verify' button.
• Step 4: An applicant can check the status of MSME Registration.

FAQ's