How to Apply Online for MSME Registration & Its Verification

The government of India for promoting entrepreneurship has initiated to provide certain subsidies, incentives, benefits to small businesses and start-ups operating on a small scale. To avail the benefits of the concessional tax, easy bank loans, preference during the tender process and other incentives provided by the government to small units, an entity shall get the registration under Micro, Small and Medium Enterprise (MSME) Act.

Banks also provide benefits to these entities by providing loans at concessional rates for setting up the business. We have discussed in detail relating to the same context henceforth.

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Micro, Small and Medium enterprise can be of two types, i.e., manufacturing sector & service sector categorized based on the amount of investment made on plant & machinery (manufacturing sector) and equipment (by service sector):

• Manufacturing Sector:

1. Micro Unit: Invested less than INR 25 Lakhs made on Plants & Machinery
2. Small Unit: Investment made between INR 25 Lakhs to INR 5 Crore.
3. Medium Unit: Investment made in plant and machinery of INR 5 Crore to INR 10 Crore.

• Service Sector:

1. Micro Unit: Invested less than INR 10 Lakhs
2. Small Unit: Investment made between INR 10 Lakhs to INR 2 Crore.
3. Medium Unit: Investment made in plant and machinery of INR 2 Crore to INR 5 Crore.

Following is the step to get Udyog Aadhar registration under MSME:

• MSME owner can apply online by filing one-page application form through MSME official website www.msme.gov.in
• Complete the form by giving details such as owner’s details, business activity, bank details, and employment details if any.
• After completing the application, the online form is submitted by paying the prescribed fee.
• Once the form is submitted, the unique  is allotted which is sent to mail id mentioned in mail id.

Following documents required for MSME Registration process:

• Aadhar card
• PAN of an applicant
• Name of the owner
• Business name
• Type of business activities
• Address of business for communication
• Details of bank account
• In case any prior MSME Registration
• Number of employees in the business
• Amount invested in plant and machinery/equipment by the business

Following benefits are given to register MSME:

• After getting an MSME registration certificate, the entity can avail of the benefits of ease loan with no guarantee, minimum cost, interest at a subsidized rate, etc.
• In case the registered entity willing to participate in foreign expos for their products receives the total support of government financially
• Registered Entities are eligible for government subsidies.
• The applicant can open a current account in the name of business easily with Udyog Aadhar Registration Certificate
• It is easier for registered to apply for micro-business loans or other similar beneficial schemes.

With the maximum benefits provided to the entities registered under MSME, there is gradual growth in the economy with systematic and organized development in the industrial sector.

You can contact us for further guidance on MSME and related business registration services.
For more information about this so, Visit at MSME Registration Online