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 and access to subsidies and schemes. As per the MSMED Act, 2006 the micro, small and medium enterprises is basically dependent on the investment in the plant and machinery for those who are engaged in the manufacturing, production process of goods, investment in equipment for business enterprises engaged in providing or rendering services.

Criteria for MSME Registration Online

Sr. No	Types Of Enterprises	Manufacturing Enterprises	Service Industries
1	Micro	Does not exceed Rs. 25 Lakhs	Does not exceed Rs. 25 Lakhs
2	Small	Exceeds Rs. 25 Lakhs but not exceeds Rs. 5 Crores.	Exceeds Rs. 25 Lakhs but not exceeds Rs. 5 Crores.
3	Medium	Exceeds Rs. 5 Crores but does not exceeds Rs. 10 Crores.	Exceeds Rs. 2 Crores but not exceeds Rs. 5 Crores.

Eligibility for MSME Registration

Benefits Under MSME Registration

Collateral free loans from banks.
Easily approval for licenses and registrations
Waiving off Stamp duty and registration fees.
Exemptions under Direct Taxes.
Subsidy on NSIC performance and credit ratings.

Some Guidelines for MSME Registration Process

Aadhar number is mandatory for making registration under MSME.
Validation: The applicant has to validate the tab and after it OTP is generated because of this, only he will get access for filing the application form for online MSME registration
Type of organization:
Location of the Plant: Multiple plant location can be registered under one registration date of commencement of business.
No. of Employees.
Investment in Plant and Machinery.

Who can Apply for MSME Registration Certificate?

Sole Proprietor.
Hindu Undivided family.
Partnership Firm.
One Person Company
Limited Liability Partnership.
Private Limited Company.
Limited Company.
Producer Company.
Co-operative Societies.
Any other undertaking other than above.

Documents Required For MSME Registration

Pan Card of the proprietor/ all the partners/all the directors.
Proof of ownership of premises such as allotment letter/possession letter/lease agreement/property tax receipt and Partnership Deed.
Copy of Memorandum and Articles of association in case of Private Limited Company along with Board’s Resolution authorizing the director to sign the application.
Bank Account Statement.
Started Time period of product(Specify exact Date/Month/year).