MSME Registration
MSME Registration in India
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of India's economy, contributing significantly to employment and GDP. Recognizing their importance, the Government of India has streamlined the MSME registration process and revised classification criteria to foster growth and innovation within the sector.
Step-by-Step Process for MSME Registration
- Visit the Udyam Registration Portal: Begin by accessing the official Udyam Registration Portal at https://udyamregistration.gov.in.
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Select the Appropriate Registration Option:
- For new entrepreneurs not registered as MSMEs, click on “For New Entrepreneurs who are not Registered yet as MSME”.
- For those already having registration as UAM, select the corresponding option.
- Enter Aadhaar and PAN Details: Provide your Aadhaar number and name, then validate using the OTP sent to your registered mobile number. Subsequently, enter your PAN details and validate them.
- Fill in Business Information: Input essential details such as business name, address, bank account information, and the National Industry Classification (NIC) code relevant to your business activities.
- Specify Investment and Turnover Details: Enter the investment in plant and machinery or equipment and the annual turnover figures. Ensure these figures align with the revised MSME classification criteria effective from April 1, 2025.
- Submit the Application: After reviewing all the information, submit the application. Upon successful submission, you will receive an e-certificate known as the Udyam Registration Certificate, which includes a unique Udyam Registration Number (URN).
Documents Required for MSME Registration
- Aadhaar Card: Mandatory for the applicant.
- PAN Card: Required for business verification.
- Business Address Proof: Utility bill, rent agreement, or property tax receipt.
- Bank Account Details: Cancelled cheque or bank statement.
Note: The registration process is paperless and based on self-declaration; no physical documents are required to be uploaded.
Revised MSME Classification Criteria (Effective April 1, 2025)
| Enterprise Category | Investment in Plant & Machinery/Equipment | Annual Turnover |
|---|---|---|
| Micro | Up to ₹2.5 crore | Up to ₹10 crore |
| Small | Up to ₹25 crore | Up to ₹100 crore |
| Medium | Up to ₹125 crore | Up to ₹500 crore |
Note: An enterprise will be classified in a particular category only if it meets both the investment and turnover limits specified for that category.
Benefits of MSME Registration
- Access to Government Schemes: Eligibility for various subsidies, schemes, and incentives offered by the government.
- Collateral-Free Loans: Easier access to credit under schemes like the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
- Protection Against Delayed Payments: Legal protection and interest on delayed payments from buyers.
- Concession in Electricity Bills: Avail concessions on electricity bills by submitting the MSME registration certificate.
- ISO Certification Charges Reimbursement: Reimbursement of expenses incurred for obtaining ISO certification.
Why Choose CACSFinacc for Your MSME Registration?
- Expert Guidance: Our experienced professionals ensure compliance with all legal requirements.
- End-to-End Support: From documentation to obtaining necessary licenses, we handle it all.
- Transparent Pricing: No hidden charges; clear breakdown of all costs involved.
- Timely Delivery: We prioritize prompt processing to get your business up and running swiftly.