What’s MSME/Udyam Registration?

MSME Registration (Udyam Aadhar) with hskdocs

Register now as a micro, small, and medium enterprise under the MSME Development Act, 2006. protect and develop your business with Udyam registration.

• Get MSME Udyam registration effortlessly with hskdocs.

• Let our legal experts assist you with an easy registration process.

What does an MSME Registration denote?

MSME are business entities that get registered under the provisions of the MSME Development Act, 2006. A business can voluntarily register under any of the three categories: Micro, Small, or Medium scale enterprises. With MSME registration, your business entity becomes eligible for various state and central government incentives and support schemes. Any manufacturing or service entity that falls in the specified criteria for MSME has the option to register for the same. Without an MSME Registration, you cannot avail of any of the schemes launched by the Indian Government for the support and development of MSMEs in India.

GET FREE CALL BACK FROM OUR EXPER

Eligibility criteria for MSME registration

Certain types of business activities like fishing, forestry, and wholesale or retail trade cannot get an MSME registration.

You can register your business as an MSME under the following categories:

Register as a Micro-Enterprise

You can register your business as a micro-enterprise if your annual turnover is ≤ 5 crores and investment in plant and machinery is ≤ 1 crore.

Register as a Small Enterprise

You can register your business as a small enterprise if your annual turnover is ≤ 50 crores and investment in plant and machinery is ≤ 10 crores.

Register as a Medium Enterprise

You can register your business as a medium enterprise if your annual turnover is ≤ 250 crores and investment in plant and machinery is ≤ 50 crores.

List of required documents for MSME/Udyam registration

To get your MSME Registration, you will need to submit the following documents:

• PAN Card copy

• Aadhar Card

• Income Tax and GST details

Remarkable Advantages of Having an MSME Registration

Lucrative Government Incentives

The Government has always shown an inclination towards MSMEs with various favourable policy measures, such as specific incentive schemes and hassle-free approvals and registrations. All these schemes can be availed only if you have an MSME registration.

Access to better overdraft facilities

An MSME Registration can help you to avail various specialized financial services deployed by several banks to MSME ventures, such as super-convenient overdraft schemes at negligible interest.

More chances of winning any government tender

The probability of garnering government project tenders increases when you hold the status of an MSME venture.

Subsidies

Registering your business as an MSME makes you eligible for various subsidies on different registration fees and relevant procurements for your Business.

Reduced interest rates on Loans

Loans are provided to MSMEs at lower interest rates to boost the growth and rapid development of their businesses.

Pradhan Mantri Mudra Loan Scheme

Once you register your business under MSMED, you will be eligible to avail of the Pradhan Mantri Mudra Yojana (PMYY), which offers easy loan amounts to MSMEs up to 10 lakh INR