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ONLINE REGISTRATION OF MSME IN INDIA

MSME UdyogAadhar is governed by the Ministry of Micro, Small and Medium Enterprises and it is registered under the Micro, Small and Medium Enterprises Development Act or MSMED to relish the benefits.Toenjoy the grants and advantages from the government, it is mandatory for us that the business enterprises or entities is registered as MSME online registration to get benefited from the various schemes extended by the Government of India.

To know about the MSME registration, we just need to go through the step by step online guide and follow the procedure.

These kinds of enterprises are known as the SSI’s or Small Scale Industries.  Such a kind of industry grows and it directly impacts and helps the country’s economy to grow and flourish. 95% of all industrial units are contributed from MSME sector units.  For the purpose of all industrial jobs, these units directly contributes 45% of them.Asfar as the total trades and exports of our country is concerned, these units directly contributes 50% of the share.The data provided by AadharUdyog official website “msme.gov.in” gives us the overview of the importance of the enterprises.Theydirectly impact the economy by producing and manufacturing 6000 different types of goods and products.

The definition of MSME

According to MSMED or Micro, Small and Medium Scale Enterprises Development Act of 2006, this micro, small and medium enterprises can be divided into two types.  They are as follows:

1.  The manufacturing enterprises, who work as manufacturer or producers of various goods in the industry.

2.  Service enterprises who are directly involved in providing various services.

The benefits of online registration certificate of MSME in India are as follows:

•    As compared with the interest rates on regular loans, the rates of interest for MSME are much lower.
•    If an individual proceeds for new registration of UdyogAadhar, the banks interest rates is very less compared with regular ones and it is around 1 to 1.5% or lesser.  The bank loans become cheaper for such kind of enterprises in India.
•    The MSMEs who are registered is eligible to get credit for MAT (Minimum Alternate Tax) and can be extended, like usually the period is for 10 years, but for these types of enterprises, it can be taken forward to about 15 years.
•    Registered MSMEs have an advantage of getting several government tenders.
•    Loans and credits are easily processed for these MSMEs as they have easy access.
•    As far as the registered MSME is concerned, the government extends its complete support by giving them many concessions and reimbursements for these industry and they also help them in cutting the cost for setting up the facility or enterprise.
•    The MSMEs that are registered get a lot of preferences in government certification and licence process.
•    For all nonpaid amounts of MSME certificate, there is a one-time settlement fee is imposed.

Certificate of MSME Registration

For obtaining registration under MSME, the entity first needs to avail the MSME registration certificate. For availing such registration, the entity is to abide the following steps and procedures:

By visiting the government portal “udyanregistration.gov.in.” the MSME registration can be obtained and for this, the following two categories shall be made available:

1.  Entities who are not registered as MSME yet or the registration of new entrepreneurs such as holding EM-II (Entrepreneurship Memorandum- II).  Those having UAM (UdyogAadhar Memorandum), acquired through assisted filing or those already having UAM registered.
2.  Entities having not registered as MSME Udyam registration.  New entities for registration such as holding EM-II (Entrepreneurship Memorandum-II).  For the individual with EM-II or the new enterprise who are not registered yet as MSME, the applicants falling under such categories can click on as shown in the homepage and follow the steps.

•    When you follow the steps, the page shall ask for the name of the business owner or the entrepreneur or it will ask the information regarding the Aadhar Card.

•    When you fill in the form, click validates and generates OTP.  This step will generate OTP to your registered mobile number, which is attached with Aadhar Card.

•    After this step of validation of information concerned with OTP, the system will ask for the verification of PAN.

•    This validation process of type of organization and information in PAN.  After the verification, the validation button will be applied.  This in turn will verify the information from the government portal and validate the given information and checking will be done.

 •    After this step, the Udyan registration will appear.  If all details given is proven as genuine like the information of PAN, which the individual has given.  Then information of mobile number and email address has to be furnished.  After giving all information, it will ask for the details of the plant.

•    The number of employees and the turnover information has to be filled in and information regarding this shall be duly attached.

•    This being the final step for the process of registration, the information that has been asked shall be furnished.  The button named submit and get final OTP has to clicked.  On the basis of completion of all details pertaining to registration form, the procedure for generating the MSME registration certificate shall be completed and a reference number will be automatically generated.  After all these procedures, the MSME authority will issue the MSME registration certificate.

Those having UAM (MSME Udyan Registration), registration of other having acquired UAM through assisted filing.

The individual shall proceed by clicking the button.  For those having registration as UAM on the website homepage, or registration of other having acquired UAM through assisted filing.

Then the individual can opt to get the OTP validation on the email or mobile number that he furnished under UAM.

This in turn will open a page, which has two options.  UdyogAadhar number shall be filled and fill the Aadhar number for generating the OTP, that’s it.

The next step is, fill form after choosing the appropriate options and click on validate and generate OTP, so you will automatically get the OTP to your mobile number and fill in the details on the website.

The registration form is duly filled with the OTP and after validation of that, the registration of MSME form is filled with the details, and this ends the finishing steps of the registration of MSME with Udyam.

FEES FOR REGISTRATION OF MSME

The registration of MSME is very appreciating method of registration through us, as we charge a meagre amount for this purpose.Ifyou plan to do it through a government website, you have to fill in lot of forms and refilling of all forms would be a very tedious and tough process to get it done.  Ifyou register via government website, there is no registration charges or fees, but you will be facing many hurdles before you make it done, but if you approach us, our organization is dearly responsible for the easy and smart registration with experts and qualified consultants and only a meagre amount will be charged for the same and you can smartly walk with easy procedure for MSME registration.

MSME ONLINE REGISTRATION AND THE ELIGIBILITIES

The recent update in the registration and eligibility criteria for MSME is that the manufacturing industry and enterprise doing service has been recently taken back by Atmanirbhar Bharat Abhiyan economic package, which was announced by the honourable Finance Minister of India.Boththe manufacturing industry and servicing enterprises are being made similar with the investment amount and the annual turnover, which is of great relief for entrepreneurs.

REGISTRATION OF MSME IN INDIA AND ITS DETAILED PROCESS

The applicant shall fill in all the details in the application form and submit it to the concerned departments for registration of MSME.  Hehas to fillin all the details in the registration application form.  Thefiling of the application form can either be done in online or offline.

The procedure for collecting all needed documents usually takes one or two working days.  Thedocuments should be as prescribed in the MSMEs registration application form.

When the documents are duly collected and the form is filled according to the procedure, the applicant should upload all the documents and submit it to the registrar of Udyog Aadhar MSME.  Thedocuments are then validated and verified by the regulatory authorities and the authenticity is verified.  Then the documents submitted by the applicant are validated,for it, the processing takes around 2 working days.  Ifthe regulatory authorities get satisfied with procedures and process and other filings and submissions by the applicant, thenfinally the individual gets registered under the MSME.