MSME REGISTRATION @ 1300 Within Four Hours 2018-05-23T12:46:20+00:00

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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.

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 registration

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.

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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1299
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3298*
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4797*
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6298*
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19298*
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FAQ

No document required for MSME Registration / SSI Registration. Only information provided in Online Application Form is enough

Any entrepreneur having valid Aadhaar Number can apply for MSME Registration Online.
In the interest of environment no physical copy of MSME Certificate will be issued. Government believes in paperless work.
At present Aadhaar Number is mandatory for issuance of MSME Certificate
The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below:
•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.
Public sector banks have been advised to open at least one specialized branch in each district. The banks have been permitted to categorize their MSME general banking branches having 60% or more of their advances to MSME sector, as specialized MSME branches for providing better service to this sector as a whole. As per the policy package announced by the Government of India for stepping up credit to MSME sector, the public sector banks will ensure specialized MSME branches in identified clusters/centres with preponderance of small enterprises to enable the entrepreneurs to have easy access to the bank credit and to equip bank personnel to develop requisite expertise. Though their core competence will be utilized for extending finance and other services to MSME sector, they will have operational flexibility to extend finance/render other services to other sectors/borrowers
With a view to facilitating credit flow to the MSME sector and enhancing the comfort-level of the lending institutions, the credit rating of MSME units done by reputed credit rating agencies and it should be encouraged. Banks are advised to consider these ratings as per availability and wherever appropriate structure their rates of interest depending on the ratings assigned to the borrowing SME units.
After filing online msme application form, MSME Registration Certificate will be issued immediately at email.

Every application will be approved. No application will be rejected. Application will be approved on the basis of information provided by applicant.

There is no difference between MSME Registration and SSI Registration. Earlier MSME Registration was know as SSI Registration.
In terms of RBI circular, banks are mandated not to accept collateral security in the case of loans upto Rs 10 lakh extended to units in the MSE sector. Further banks may, on the basis of good track record and financial position of MSE units, increase the limit of dispensation of collateral requirement for loans up to Rs.25 lakh with the approval of the appropriate authority.
The Ministry is implementing the ISO: 9001/14001/HACCP Certification Reimbursement Scheme for Micro & Small Enterprises (MSEs) for reimbursement of certification expenses, only to those MSEs which have acquired Quality Management Systems (QMS)/ISO 9001 and /or Environment Management Systems (EMS)/ ISO14001and / or Food Safety Systems (HACCP) Certification. Under the scheme provides reimbursement of 75% of the certification expenses up to a maximum of Rs.75,000/- (Rupees seventy five thousand only) to each unit as one-time reimbursement only to those MSEs which have acquired Quality Management Systems (QMS)/ISO 9001 and /or Environment Management Systems (EMS)/ ISO14001and / or Food Safety Systems (HACCP) Certification.
Credit rating is not mandatory but it is in the interest of the MSE borrowers to get their credit rating done as it would help in credit pricing that is cost of funds (interest and other charges etc.) of the loans taken by them from banks.

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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.

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