INTRODUCTION
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Classification
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Micro
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Small
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Medium
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Manufacturing Enterprises and Enterprises rendering Services
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Investment in Plant and Machinery or Equipment:
Not more than Rs.1 crore and Annual Turnover; not more than Rs. 5 crores
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Investment in Plant and Machinery or Equipment:
Not more than Rs.10 crore and Annual Turnover; not more than Rs. 50 crores
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Investment in Plant and Machinery or Equipment:
Not more than Rs.50 crore and Annual Turnover; not more than Rs. 250 crores
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It is important to note that, Udyam is the only platform MSMEs need to register on to be recognized as a
MSME. There is no difference between MSME and Udyam in that the Udyam registration certificate is an
identification of a business as a MSME. Note that the MSME certificate, also known as Udyam or Udyog
Aadhaar Certificate, has lifetime validity.
BENEFITS
- Collateral Free Loans
- Overdraft Interest Subvention
- Subsidy on Patent Registration
- Industrial Promotion Subsidy
- Timely Payment by Buyers
- Free ISO Certification
ELIGIBILITY
- A proprietorship, partnership firm, company, trust or society with an investment below Rs.50 crore
and annual turnover below Rs.250 crore are eligible for MSME registration.
- An individual cannot apply for MSME registration
DOCUMENTS REQUIRED
- Only Aadhaar Number will be enough for registration.
- No other documents or proof are required to be uploaded for registering an MSME.
- PAN & GST linked details on investment and turnover of enterprises will be taken automatically from
Government data bases.
- That means, having PAN & GST number is mandatory from 01.04.2021.
OUR SERVICES
- MSME/UDYAM Registration
- Filing of FORM1 by other than MSME (who has MSMEs as Sellers of that company)
FAQS
Q1. Is it mandatory for MSMEs to obtain registration?
Ans: It is not mandatory for MSMEs to obtain this registration, but it is beneficial to get one's
business registered under this because it provides a lot of benefits in terms of taxation, setting up
the business, credit facilities, loans etc.
Q2. Does MSME require Trade License?
Ans: Trade license is now not mandatory for small and medium industries established in government
notified/recognized estates and developed industrial areas.
Q3. Can a Start-up be MSME?
Ans: Start-ups too can get themselves recognized as an MSME, on an application of Udyog Aadhaar
Memorandum (UAM) and filing in necessary declarations & documents.
Q4. How much loan can MSME get?
Ans: The maximum loan amount offered by Banks/NBFCs is up to Rs. 2 crores (Collateral-free loans)
with the repayment tenure of up to 5 years, may exceed as per requirements.
Q5. Can a private company can register as an MSME?
Ans: MSME registration in India is open to a wide range of entities, including micro, small, and
medium-sized firms, as well as other types of businesses such as limited liability partnerships (LLP),
private limited companies, one-person companies (OPC), sole proprietorships, partnerships, and public
companies, Self Help Groups.