MSME Registration

Types of MSMEs in India

Microenterprise

These are private companies with negligible representatives and remote capital. A microenterprise, as a rule, acts with under 10 people and it can begin with a little quantity of capital. The enterprise where the investment in plant and machinery or equipment does not cross Rs. 1 crore and turnover does not exceed Rs. 5 crores will be retained as Micro Enterprise.

Small enterprises

At times called a self-governing enterprise, a small enterprise is a company that uses few workers and does not have more important sales. In precise terms, it is an autonomously controlled and worker organization that is limited in the evaluation and income relying upon the business. Such efforts are usually self-governing sole proprietorships, companies, or organizations.

Small enterprises exist in every industry. 10-50 people are included in them. The enterprise where the investment in plant and machinery or equipment does not cross Rs. 10 crores and turnover does not exceed Rs. 50 crores will be recognized as Small Enterprise.

Medium enterprises

The ventures that have more than 200 people are medium enterprises. They are the ones that more self-governing ventures and efficiently work. As the industry gets more income, it starts keeping aside the capital required for buildings, equipment, and entry of more workers. This serves to create a way among small-scale industries and large-scale industries.

The enterprise where the investment in plant and machinery or equipment does not surpass over Rs. 50 crores and turnover does not pass Rs. 250 crores will be taken as Medium Enterprise.

Eligibility Criterion for MSME / SSI Registration/ Udyog Aadhaar Registration?

You can apply for online udyog aadhaar registration if you fulfill one or various of the below-mentioned criteria, such as if -Manufacturing and Service entities coming under given classification can get the msme udyog aadhaar registration.

Manufacturing & production Industry

• Micro-Enterprise:- Investment up to Rs. 1-5 crore
• Small Enterprise:- Investment ranging from Rs.10
• Medium Enterprise:- Investment ranging from Rs.50- Rs.250 Crore

Service Industry

• Micro-Enterprise:- Investment up to Rs.5 crore
• Small Enterprise:- Investment ranging between Rs.10 - Rs.50 Crore
• Medium Enterprise:- Investment ranging from Rs.50- Rs.250 Crore

All the companies like a sole proprietary, Hindu Undivided Family, Partnership firm, OPC Company, LLP Company, a private limited company can simply apply for SSI Certificate / udyog aadhaar registration certificate. A production company that provides materials and co-operative societies also can apply.

Note: Enterprises in the manufacturing and service industry need not pass the highest limit, therefore will not be held as MSME/ udyog aadhaar registration.

Udyog Aadhaar Registration Certificate Form

• Tax Advantages: According to your company, you may experience an excise right scheme and exemption from some direct taxes in the first years of your business. DDT has been reduced. The loss of the corporate tax rate has been made by 15%.
• Simple Clearance of Pending Payments: MSME registration helps you to make easy removal for any pending payment.
• 50% discount on trademark and Patent Fees: MSME registration makes your direction to check the pricing of trademark and patent registration.
• Lesser Interest Rates For Bank Overdraft (OD): Banks and other money-related businesses understand MSMEs and have made new schemes for them. This more often than excludes essential segment loaning, that means that the possibility of your company being established credit is high, and lower bank financing costs.
• Fit for Mudra Loan Scheme: MSME registration advantages you to be available for the Mudra loan scheme.
• Apply Government Tenders Simply: Subside to the government, taxes, and admission to state-run industrial estates, there is a sales tax exemption in the highest of the states. Not only this but also the central authority offers different schemes from time to time.

Documents Required for MSME Udyog Aadhaar Registration

For MSME/SSI Certificate or MSME Udyog Aadhaar Registration you have to surely provide these Documents:

• Business Address Proof, if any
• PAN Number
• Copies of Sale Bill and Purchase Bill
• Partnership Deed/ MoA and AoA
• Bank account number
• Basic business activity
• NIC 2-digit code
• Investment details (Plant/equipment details)
• Partnership deed
• Sales and purchase bill copies
• Copies of licenses & bills of machinery purchased

MSME schemes launched by the Government are

Udyog Aadhaar Registration

The Aadhaar card is a 12-digit number assigned to the public by the legislature. In this case, the Aadhaar card is important information for each person or his business. The option to get involved in this program is an easy way to get credit, development, and administrative distribution. Registration must be in both online and offline mode.udyog aadhaar registration is nothing but a government registration certificate issued with a certificate of authenticity and a unique number to certify small/medium enterprises or businesses.

Zero Defect Zero Effect

In this guide, goods manufactured for export should adhere to a certain level so that they are not banned or shipped back to India. To this end, the government introduced the program. In this case, if the goods are exported, they are eligible for additional discounts and permits.

Quality Control and Quality technology tools

Enrollment in this program will help small, medium, and micro enterprises to learn and achieve the standards that are expected to be maintained as well as new technologies. In this scheme, activities are aimed at encouraging businesses with the latest technology available through seminars, campaigns, activities, etc.

Complaints Monitoring System

Subscribing to this program helps in the process of obtaining a dispute between business owners. In this case, business owners can look into the status of their grievances and open up if they are unhappy with the outcome.

Internal Installation

This program assists developers in the implementation of their unique designs, ideas, or products. Below this, from 75% -80% of project costs can be funded by the government. This scheme supports new ideas, designs, products, etc.

Combined Credit Fund Scheme

In this scheme, the latest technology is provided to business owners to use their old and outdated technology. Funding is provided to the business to grow and provide better facilities for doing their business. These small, medium and micro-enterprises can deal directly with banks with these subsidies.

Business Women

This program is primarily for women who want to start their own businesses. The government provides large sums of money, counseling, training, and delivery programs for these women so that they can do their business and grow it.