Your complete guide to MSME registration benefits, process and criteria.CS Jigar Shah
What is MSME: MSME stands for Micro, Small and Medium Enterprises.
MSME Government has started various schemes and incentives to promote small scale industries and to avail such incentives, MSME registration is mandatory. MSME registration online received after filling MSME Registration Application form.
MSME Registration Eligibility Criteria:
Only Manufacturing and Service Company can register (Any type of Product Manufacturer or Service Provider). Traders are not allowed to register.
MSMEs are classified into two categories:
The limit for investment in machinery / equipment for manufacturing / service enterprise are as under:
MSME Registration is an optional and zero registration fees. MSME Registration is also called Udhyog Aadhar Registration. The registration process is very simple and requires a few documents. Read on further to know the documents required and registration process in MSME sector.
Regarding Applicant: Aadhar No of the applicant, Name, Gender, PAN, Mobile No & Email Id.
Regarding Business Enterprise: PAN, Location, address of MSME Enterprise, No of employees, Date of starting Business, Bank account number and IFSC, Business activities of the enterprise, Investment in Plant and Machinery/Equipment, MoA & AoA, copies of sales bill and purchase bill.
Step by step guide to MSME registration process:
MSME has also specified regarding applicants as per business type. Applicant should be – Proprietor for Proprietorship, any member for HUF, Any partner for Partnership / LLP, Any director for Pvt. Ltd. And for other enterprise any member of such an enterprise can be the applicant.