Fill Your Details & Get Your Quote

Get Instant Quotation over whatsapp
9716778456

MSME Registration (SSI-Udyog Aadhaar)


Mylegal Route Is The Answer.


Online MSME Registration (SSI-Udyog Aadhaar) Starts at Rs. 999.00 / -
Inclusive of all expenses - No Extra Charges Order Now

About MSME Registration (SSI-Udyog Aadhaar)

The Micro Small & Medium Enterprises (MSMEs) are defined in India under the MSMED Act 2006 on the basis of capital investment made in plant and machinery, excluding investments in land and building. The Union Cabinet approved a proposal to change the definition of Micro, Small and Medium enterprises. Since 1950s Small Scale Industries (SSIs) and later MSMEs have been traditionally defined based on their investment in plant and machinery for manufacturing units, and investment in equipment for service enterprises, and now the new definition define them based on their annual turnover.

It will be easier now for authorities to verify claims of businesses using the sales data they have from the GST Network. This will eliminate the need for inspections, make the classification system progressive, and contribute to ease of doing business as well. It is also expected that with this new definition the Government will do away with those clauses that exclude medium sector from various promotional schemes for the sector.

Advantages

Promotion Subsidy

Enterprises that have MSME Registration are eligible for Industrial Promotion Subsidy as may be prescribed by the government in this behalf.

Concession

Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department along with MSME Registration Certificate.

Reimbursement

Enterprises that have MSME Registration Certificate can claim reimbursement of ISO Certification expenses by making application to respective authority.

Tax rebates

MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.

Cheaper infrastructure

Charges are lower for MSME registered company for facilities such as electricity and GST exemptions. In fact, other business services such as patents are also cheaper for MSMEs.

Access to tenders

There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.

Cheaper bank loans

The rate of interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.

Document Required

Aadhar Card of Proprietor / Partner / Director

PAN Card of Proprietor / Firm / Company

Mobile Number of Proprietor / Partner / Director

Email Id of Proprietor / Partner / Director

GST / Company / Any Other Registration Certificate

Cancelled Cheque / Bank Statement of Proprietor / Firm / Company

Factory Address and Office Address

Business Activity

Number of Employee

Investment Amount

Eligibility

Micro Enterprises

These are the smallest entities, of course. Micro manufacturing enterprises have investment of less than Rs. 25 lakhs in plant and machinery, while micro service enterprises have less than Rs. 10 lakhs invested in equipment.

Small Enterprises

Small manufacturing enterprises may have between Rs. 25 lakhs and Rs. 5 crores invested in plant and machinery, while small service enterprises may have between Rs. 10 lakhs and Rs. 2 crores invested in equipment.

Medium Enterprises

Medium manufacturing enterprises may have between Rs. 5 crore and Rs. 10 crore invested in plant and machinery, while small service enterprises may have between Rs. 2 crore and Rs. 5 crore invested in equipment.

Frequently Asked Questions

Although, there is no compulsion to get MSME registration but is always advised to do so as it provides lots of benefits to the enterprises registered under MSME Act. It will save you from a lot of inconveniences later on. After assigning you the Provisional MSME Certificate and you can begin with your production and even apply for a Permanent Certificate which will add more advantages for you. Always apply for provisional registration at an initial stage of the business.

SSI/MSME registration is totally voluntary. Businessmen and entrepreneurs usually get this done to utilise the advantages offered under it. The registration process is quite easy and simple. You can easily avail it (provided you have a manufacturing plant or a commercial space where you render services), many businesses opt for it over other registrations.

No document required for MSME Registration / SSI Registration. Only information provided in Online Application Form is enough.

Any entrepreneur having valid Aadhar Number can apply for MSME Registration Online .

In the interest of environment no physical copy of MSME Certificate will be issued. Government believes in paperless work.

At present Aadhar Number is mandatory for issuance of MSME Certificate.

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:

  • A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
  • A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
  • A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

Ministry implements a scheme called Credit Linked Capital Subsidy Scheme (CLCSS) for technology upgradation of Micro and Small enterprises in the country. Under the scheme, 15 per cent capital subsidy, limited to maximum of Rs 15 lakh (12 % prior to 29.09.2005 limited to maximum of Rs 4.8 lakh) is provided to the eligible MSEs for upgrading their technology with the well-established and improved technology as approved under the scheme. 48 products /sub-sectors have been approved under the CLCSS till date. If you are an MSE manufacturing a product and want to upgrade the technology of manufacturing the product with the well-established and improved technology as approved under the Scheme, then you may have to approach to the nodal agencies/eligible financial institution for sanction of term loan for purchase of eligible machinery.

Under the National Manufacturing Competitiveness Programme (NMCP) to enhance the competitiveness of the SMEs sector, O/o DC(MSME) is implementing a scheme “Building Awareness on Intellectual Property Rights (IPR)” for the MSME. The objective of the scheme is to enhance awareness of MSME about Intellectual Property Rights (IPRs) to take measure for the protecting their ideas and business strategies. Accordingly, to enable the MSME sector to face the present challenges of liberalization , various activities on IPR are being implemented under this scheme.

The Ministry is implementing the Performance & Credit Rating Scheme, the main objective of the which is to provide a trusted third party opinion on the capabilities and creditworthiness of the MSEs so as to create awareness amongst them about the strengths and weakness of their existing operations. This is to provide them an opportunity to improve and enhance their organizational strengths and credit worthiness, so that they can access credit at cheaper rates and on easy terms. NSIC was appointed as nodal agency to implement the scheme on behalf of the Government. Rating under the scheme is being carried out through empanelled rating agencies i.e. Credit Rating Information Services of India Limited (CRISIL), Credit Analysis & Research Limited (CARE), Credit Rating Agency of India Ltd. (ONICRA), Small and Medium Enterprises Rating Agency of India Ltd. (SMERA), ICRA limited and Brickwork India Ratings. Under this Scheme, rating fee payable by the micro and small enterprises is subsidized for the first year only and that is subject to maximum of 75% of the fee or Rs. 40000/-, whichever is less.

After filing online MSME application form, MSME Registration Certificate will be issued immediately at email.

Every application will be approved. No application will be rejected. Application will be approved on the basis of information provided by applicant.

There is no difference between MSME Registration and SSI Registration. Earlier MSME Registration was know as SSI Registration.

Credit rating is not mandatory but it is in the interest of the MSE borrowers to get their credit rating done as it would help in credit pricing that is cost of funds (interest and other charges etc.) of the loans taken by them from banks.

Testimonials

One stop for all your legal solutions. Mylegalroute offers the best services on time.Highly recommended.

One can expect the best legal advice & timely completion of the work.

Thankful to team Mylegalroute. They are like your true friend, you ask for favour & they are always for you to provide you with the best.

Commitment, transparency, timely delivery, patience etc , are the words to describe the services of Mylegalroute. They are simply the best.

When you think for corporate solutions ,you think for Mylegalroute.

Ease of doing business = Mylegalroute.

You name it,they provide it. Mylegalroute provide the best services in the market.

You can trust Mylegalroute for long venture. I have been associated with Mylegalroute for quite sometime & they have never disappointed me .They have always fulfilled their commitment.

blog