What is MSME Registration?
For promoting entrepreneurship, the government provides special benefits to the small businesses in the form of subsidies and incentives. Also, banks give loans at concessional rates to set up these businesses. For availing those, the small businesses need to register under Micro, Small and Medium Enterprises (MSMEs) act.
If a business is registered under MSMEs act, it can avail several benefits like cheaper bank loans, tax benefits, preference during the tender process, and access to various schemes and incentives of government. The same are some benefits of MSME registration.
MSME enterprises of manufacturing sector can be categorized on the basis of amount invested in plant and machinery –
• Micro enterprises– Entities investing less than ₹ 25 lakhs in plant and machinery
• Small enterprises– Entities investing between ₹ 25 lakhs and ₹ 5 crores in plant and machinery
• Medium enterprises– Entities investing between ₹ 5 crores and ₹ 10 crores in plant and machinery.
MSME enterprises in the service sector can be categorized on the basis of amount invested in equipment-
• Micro enterprises– Entities investing less than ₹ 10 lakhs
• Small enterprises– Entities investing more than ₹ 10 lakhs but less than ₹ 2 crores
• Medium enterprises– Entities investing ₹ 2 crores but less than ₹ 5 crores.
MSME REGISTRATION IS IMPORTANT AS
MSME or SSI enterprises are the foundation of any economy and are an engine of economic growth, advancing impartial improvement for all. MSME registration or SSI registration online helps businesses avail multiple government subsidies and benefits.
Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration or SSI/Small Scale Industry Registration under the MSMED act, MSME gov. Although getting MSME registration online is not mandatory but it is always suggested to small and medium enterprises to get it done it provides a variety of benefits. Benefits such as rate of interest charged would be very less, tax subsidies, capital investment subsidies and much other support from the government sector.
BENEFITS OF MSME REGISTRATION
Easy Bank Loan up to 1 Crore without collateral / mortgage:
The Govt. of India and SIDBI has launched a Credit Guarantee Scheme (CGSME) to make available collateral-free credit to SMEs
Preference in procuring Government tenders:
The Government of India gives special preference in buying from Micro and Small businesses through Govt. tenders.
1% exemption on interest rate on Bank Over draft (OD):
Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).
Concession in Electricity bills:
Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department.
Protection against the delay in payment from Buyers:
Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate.
Tax Rebates:
MSME registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
Special 50% discount on Govt. fees for Trademark & Patent:
Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.
Fast resolution of disputes:
Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration.
What Is Included In Our Package?
MSME Registration Process /Documents Required:
MSME Registration process is completely online but you will require a professional to fill-up your application and get it approved from the department. MSMED Act is not compulsory for the companies but it is always suggested for them in order to have Government backing up their company. As a result, numerous medium and small-scale industries are stepping forward to register their company. The whole process of registration is given below:
The registration process simply requires you to fill up an application for the MSME registration that has to be prepared and submitted to the respective government office according to the latest rules and regulations.
The information required is as follows:-
• Your Aadhaar Number.
• Name of Applicant.
• Social Category.
• Gender
• Name of Enterprise / Business.
• Type of Organization you are opting for.
• Your PAN number.
• Location of Plant you are setting up in a place.
• Your current office Address.
• Mobile Number.
• Your E- Mail ID.
• Date of Commencement of Business.
• Your Bank Account Number.
• Bank IFSC Code.
• Main Business Activity of Enterprise
• NIC 2 Digit Code.
• Additional details about Business.
• Number of employees
• Investment in Plant & Machinery / Equipment
• Attachment of your scan copy of Aadhaar card
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Basic
- MSME Registration
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Standard
- MSME Registration
- GST Registration
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Deluxe
- MSME Registration
- Trademark
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Popular
- MSME Registration
- ROC Annual Filing
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Ultimate
- MSME Registration
- Company Annual Compliance
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*Consultancy fees
(government fees will be on actual)
FAQ
No document required for MSME Registration / SSI Registration. Only information provided in Online Application Form is enough
•A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh;
•A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore;
•A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.
Every application will be approved. No application will be rejected. Application will be approved on the basis of information provided by applicant.
What People Say About Us
“We are associated with your team for last 4 years and we had an amazing experience with your team. Every single time our work has been completed within the given time line.Also the quality of service is excellent.Thanks”Rajendra Chaudhari • Senior Partner • Forgewell Industries
“It was wonderful experience with Registration Arena during my company registration.Queries were addressed instantly through mails, phone calls; and the follow-up was just fantastic.Within a week of time my private limited was registered.There was no requirement of follow up at all.Also got instant help for opening bank account.Great work team Registrationarena ,would be more than happy to be associated with you guys in future.”Gaurav Waidande • Director • Koncinnity Solutions Private Limited
“Fantastic service quality team.Really impressed with the working style of your company .
I would definitely recommend your services to everyone looking for ISO Certification.
Truly satisfied!”Akshay Gawade• Director • Loconest India Private Limited
“I am really impressed with the kind of support your company provides.Any question ,any doubts, and you will have complete clarity .Team Registration Arena has crossed all leaps and barriers in order to gain my confidence.I would definitely recommend your services.”Shreya Gupta • CEO & Founder • Imperial Rubber Products
Our Clients
Why Registration Arena
On Time Delivery
Just tell us a few details about your brand and we’ll process your application. In three working days, you’ll be ready to use the symbol alongside your brand name.
Transparent Pricing
We make your interaction with government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.
Tech Driven Platform
Our team of experienced business advisors are a phone call away, should you have any queries about the process. But we’ll try to ensure that your doubts are cleared before they even arise.
