MSME Registration Online India: Fees, Benefits, Process
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What is MSME?
MSME stands for Ministry of Micro Small and Medium Enterprises. It is a term commonly used to refer to small businesses that play a crucial role in the economic development of a country.
MSME refers to businesses operating at different scales based on size and investment capacity. Micro enterprises employ fewer than 10 people with limited machinery and equipment. Small enterprises have 10-50 employees and a higher investment threshold. Medium enterprises use 50-250 people with higher investment limits.
MSME Udyam Registration
Udyam Registration, also known as Udyog Aadhaar or SSI registration, is essential for small and medium-scale businesses to benefit from various government schemes and support their growth.
Registering your business through Avery Biz Solutions allows you to take advantage of these advantages in a hassle-free process with just a few simple steps.
Documents Required for MSME Registration
PAN Card
Required for shareholders and directors. Foreign nationals must provide a valid passport.
Bank Account Statement
Bank account statement of the company or applicant.
Identity Proof
Identity proof is required i.e. Aadhaar Card or Voter ID and Driving Lisence. A copy of all of them.
Address Proof
Provide address proofs for the registered office, such as the latest Electricity Bill or Telephone Bill.
Digital Signature
Provide the digital signature
Partnership Deed
Certificate of Partnership Deed
Additional information required for MSME Registration Online
✔ Name of the owner (as mentioned in the Aadhar card).
✔ The social category of the applicant.
✔ Gender and physical status of the applicant.
✔ Name and type of the enterprise.
✔ Date of incorporation of the business.
✔ Details of any previous registration of the enterprise (if applicable).
✔ Business operations (service or manufacturing).
✔ NIC (National Industrial Classification) code.
✔ Employment details, including the total number of workers or employees in the organization.
✔ Investment in the machinery and equipment unit of the organization.
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Who is eligible for MSME Registration?
01.
MSME Classification: Enterprise should be classified as micro, small, or medium enterprise.
02.
Investment Limit: Investment in plant & machinery should be within Rs. 50 crore.
03.
Turnover Limit: Annual turnover should not exceed Rs. 250 crore.
04.
Legal Entity: Enterprise can be a proprietorship, partnership firm, company, trust, or society.
05.
Registration: Enterprise must be registered under applicable laws like Companies Act, 2013, or Partnership Act, 1932.
MSME Turnover Criteria for Registration in India
The turnover criteria for MSME registration in India has been revised in 2020. The new definition of MSMEs has increased the turnover limit for small businesses to up to Rs 5 crore, from the previous limit of Rs 1 crore. Medium-sized businesses can now register as MSMEs with a turnover of up to Rs 250 crore, up from the previous limit of Rs 100 crore.
This revision is expected to benefit around 2 crore MSMEs in India and provide them with easier access to credit, subsidies, and other benefits.
MSME Registration Online with Avery Biz Solutions
Email required documents & information.
Make online payment.
Verify mobile number linked to Aadhar.
Receive MSME certificate via email.
MSME Udyam Registration Process
Go to MSME Udyam Registration web-portal, udyamregistration.gov.in.
Select the category that applies to you.
If you are a new entrepreneur holding EM-II or not yet registered as an MSME, select “For New Enterprises who are not Registered yet as MSME or those with EM-II”.
If you already have an Udyog Aadhar Memorandum (UAM) or UAM acquired through Assisted Filing, select “For Enterprises already having Udyog Aadhar Memorandum (UAM) or UAM acquired through Assisted Filing”.
Enter your Aadhaar number and name.
Click on “Validate and Generate OTP”.
Enter the OTP that is sent to your Aadhaar-registered mobile number.
Enter your PAN details and type of organization.
Fill in the Udyam Registration form with your mobile number, email address, plant, turnover details, and the number of employees.
A message stating that the MSME registration is complete will be generated, along with a reference number.
The MSME authority will issue the registration certificate after verifying the details you have furnished.
How Avery Biz Solutions will help you with MSME Udyam Registration?
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MSME Registration Process of an Existing Enterprise!
All enterprises that were previously registered under EM-Part-II or UAM must complete the registration process again on the Udyam Registration portal starting from July 1, 2020.
Enterprises that were registered before June 30, 2020, will be reclassified based on the new notification.
The validity of existing enterprises registered prior to June 30, 2020, will only extend until March 31, 2021.
If an enterprise is registered with another organization under the Ministry of Micro, Small and Medium Enterprises, it must also register under Udyam Registration.
What is MSME Udyam registration in India?
✔ Individuals can register their micro, small, or medium enterprises online through the Udyam Registration portal, receiving a unique “Udyam Registration Number” as a permanent identity.
✔ After successful registration, the enterprise will receive a digital “Udyam Registration Certificate.”
✔ Avery Biz Solutions simplifies the MSME registration process, making it easy to register online for new registrations or renewals in any state in India.
Who can apply for MSME?
Udyam Registration can be applied by various entities that fall under the revised MSME classification criteria for annual turnover and investment. This includes:
✔ Individuals, startups, business owners, and entrepreneurs
✔ Private and public limited companies
✔ Sole proprietorships
✔ Partnership firms
✔ Limited Liability Partnerships (LLPs)
✔ Self Help Groups (SHGs)
✔ Co-operative societies
✔ Trusts
Sectors and criteria of MSME Classification
| Sector | Micro Enterprises (Investment) | Small Enterprises (Investment) | Medium Enterprises (Investment) |
|---|---|---|---|
|
Manufacturing
|
Up to Rs. 1 crore |
More than Rs. 1 crore but not exceeding Rs. 10 crore |
More than Rs. 10 crore but not exceeding Rs. 50 crore |
|
Service |
Up to Rs. 10 lakh |
More than Rs. 10 lakh but not exceeding Rs. 2 crore
|
More than Rs. 2 crore but not exceeding Rs. 5 crore
|
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FAQs- MSME Registration Online
MSME registration is the process of registering a small or medium-sized enterprise with the government. It is free of cost and can be done online.
You can check the MSME registration status online at the Udyam Registration Portal.
An enterprise with investment in plant and machinery up to Rs. 10 crore or turnover up to Rs. 50 crore is eligible for MSME registration.
You can apply for MSME registration online at the Udyam Registration Portal. You will need your Aadhaar number, PAN number, and bank account details. Call Averybizsolutions.com for more information.
No, MSME registration is not mandatory for all enterprises. However, it is beneficial for enterprises to get registered as it gives them access to government schemes and benefits.
The MSME registration fees is Rs. 0 (free of cost).