Micro, Small, Medium Enterprises – MSME Registration & Small – Scale Industries – SSI Registration.

Under MSMED act every MSME & SSI needs to get registered whether the business is service related or for manufacturing.
Registration msme in india are a certification which is issued by respective state government department to avail to benefits under the MSME Act. Now from the 2015 government modified the MSME or SSI Registration and its has been changed into the Udyog Aadhar Registration.

General FAQ – msme in india

1. What are the benefits of MSME ?
  1. Tax Benefits : According to msme in india your business, you may enjoy an excise benefit scheme as well as exemption from certain direct taxes in the initial years of your business.
  2. Lesser Interest Rates for Bank Overdraft (OD) : Banks and other money-related organizations perceive MSMEs and have made exceptional schemes for them. This more often than excludes need segment loaning, which implies that the probability of your business being endorsed a credit is high, and lower bank financing costs.
2. Classification of MSME ?
Micro Enterprise :
  • In applying for msme in india registration of Micro Enterprises your investment shall not exceed,
  • In case of Manufacturing sectors – 25 lakhs and
  • In case of Service sector – 10 lakhs.

Small Enterprise :

  • In Small scale industries the investment shall not exceed,
  • In case of Manufacturing sectors – 5 crores and
  • In case of Service sector – 2 crores.

Medium Enterprise :

  • In Medium industries your investment shall not exceed,
  • In case of Manufacturing sectors – 10 crores and
  • In case of Service sector – 5 crores.
3. Details required for registration msme in india?
  1. Aadhar Number
  2. Name of the Applicant
  3. Gender and Social Category of Applicant
  4. Name of Enterprise / Business
  5. Type of Organisation
  6. PAN Number
  7. Location of Plant
  8. Current Office Address
  9. Verified Mobile Number & E-Mail ID
  10. Date of Commencement of Business
  11. Bank Details (Bank A/c Number, IFSC Code)
  12. Main business activity of Enterprise
  13. NIC 2 Digit Code
  14. Additional details of Business
  15. Investment Details

4. Documents required for MSME in India?

Scanned copy of Aadhar Card linked with Mobile Number of Properitor/ Partner/ Director.