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MSME REGISTRATION
@ Rs. 1,999
HOW IT WORKS
ADVANTAGES & BENEFITS
Easy Bank Loan up to 1 Crore without collateral / mortgage
The Govt. of India and SIDBI has launched a Credit Guarantee Scheme (CGTMSE) to make available collateral-free credit to SMEs.
DOCUMENTS REQUIRED
For Propritorship
- Pan Card
- Aadhar card (Mobile number must be linked with Aadhar card number)
- Business Trade name
- Address proof (i.e. Electricity bill, Rent agreement etc.)
- Number of persons employed
- Nature of business activity
- Mobile no & email id
- Date of commencement of business
- Bank cancelled cheque
- Investment in plant & Machinery (Amount in Lakh)
For Partnership
- Pan card (Partnership Firm)
- Aadhar card of any one of the partner (mobile number must be linked with Aadhar card number)
- Address proof (i.e. electricity bill, rent agreement etc.)
- Number of persons employed
- Nature of business activity
- Mobile no & email id (Partnership firm)
- Date of commencement of business
- Bank cancelled cheque
- Investment in plant & machinery (amount in lakh)
For Company/LLP
- Pan card (Company/LLP)
- Aadhar card of any one of the partner/director (mobile number must be linked with Aadhar card number)
- Address proof (i.e. electricity bill, rent agreement etc.)
- Number of persons employed
- Nature of business activity
- Mobile no & email id (Company/LLP)
- Bank cancelled cheque
- Investment in plant & machinery (amount in lakh)
FAQs
With notification issued dated 27.06.2017, the ministry has excluded activities of wholesale or retail trading; Fishing and aquaculture; Forestry and logging; and more. Business entities engaged solely into activities falling under such categories cannot make an application for registration.
No, this is a voluntary registration and not compulsory. The entities obtain registration due to benefits and subsidies that are granted by the government in this regards.
Yes, Aadhar card of the applicant is mandatory for udhyog aadhar registration. In case, the applicant is other than a proprietor, Aadhar card of company’s director or LLP’s partner is required.
Yes, the certificate is provided in a soft copy by the Government on the registered email id of the applicant or entity. The certificate is available on Udyog Aadhar portal and can be downloaded with help of applicant’s Aadhar number.
For a registration, total plant and machinery cost should be up to Rs. 25 crore for manufacturing units and Rs.10crore for service units. While calculating this number, the value of land and building will not be counted toward the total investment. Also, the original cost of the equipment and plant and machinery is taken into account. Depreciation cannot be factored in.
All banks and other financial institutions recognise MSMEs and have created special schemes for them. This usually includes priority sector lending, which means that the likelihood of your business being sanctioned a loan is high. Bank loan interest rates will also be lower. There may also be preferential treatment in case of delay in repayment.
Most states offer those units registered under the MSMED Act a subsidy on power, taxes, and entry to state-run industrial estates.