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MSME Registration is now very simple with an online process. It is completely online, so you need not to appear physically for registration. You can get your entity registered as MSME without leaving your home. We, Startup Club India provide excellent service to entrepreneurs with all documentation procedures.
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MSME Registration

MSME Registration Online (Udyam Registration)

An Overview- Udyam registration/ MSME Registration Online in India

Before understanding and analysing that what MSME Registration means, it is necessary to first define MSME. Micro, Small, and Medium Enterprises (MSME), are the backbone of the economy. MSME is the ultimate executive authority in charge of enforcing and enforcing rules, regulations, and laws governing Micro, Small, and Medium Enterprises. MSME Registration is available to businesses in both the manufacturing and service sectors.

Now, when we talk about MSME Registration, we're talking about a simple and quick process for registering MSMEs and SMEs. It provides number of benefits to businesses, including financial assistance and additional government subsidies. It aids in the development of infrastructure and the expansion of company.

We ensure perfect customer satisfaction and timely delivery of services by team of qualified expert team and Chartered Accountants. With Startup Club India, you will get MSME registration without any hassle.

MSME Definition as per MSMED Act 2006

MSME is an acronym for Micro, Small, and Medium Enterprises. The Government of India introduced it in accordance with the MSMED (Micro, Small, and Medium Enterprises Development) Act, 2006.

S.No. Enterprises Investment and Turnover Threshold Limit
1. Micro Enterprises Investment in Plant & Machinery does not exceed Rs. 1 Crores and Turnover does not exceed Rs. 5 Crores.
2. Small Enterpsies Investment in Plant & Machinery does not exceed Rs. 10 Crores and Turnover does not exceed Rs. 50 Crores.
3. Medium Enterprises Investment in Plant & Machinery does not exceed Rs. 50 Crores and Turnover does not exceed Rs. 250 Crores.

Checklist for Udyam Registration/MSME Online Registration

The Udyam Registration is a completely online and cost-free procedure. It is a significant boost for SMEs in the countr:-

  • 1

    The registration form to be filed on the Udyam Registration portal.

  • 2

    There will be no charge for registering for Udyam.

  • 3

    For Udyam Registration, an Aadhaar number is required.

  • 4

    In the case of a proprietorship firm, the Aadhaar number shall be that of the proprietor and controlling partner in the case of a partnership firm

  • 5

    The organisation or its authorised signatory shall provide its GSTIN and PAN along with Aadhaar number.

  • 6

    No business can apply for more than one Udyam Registration

  • 7

    On or after July 1, 2020, all current firms registered under EM–Part-II or UAM must re-register on the Udyam Registration platform.

Why do we choose Udyam Registration/MSME registration?

Bank Loans with No Collateral:

The Government of India launched the Credit Guarantee Fund Scheme (CGS) for Micro and Small Enterprises to provide collateral-free credit to the micro and small business sectors.

Pending Payments Can Be Cleared Quickly

A buyer is required to pay for the goods/services within 15 days of purchase under the MSME registration privileges. If a customer delays payment for more than 45 days, the business is entitled to charge compound interest at three times the rate set by the RBI.

Fees for trademarks and patents are discounted by 50%

Businesses that are registered under the MSME Act are eligible for a 50% rebate on patent registration. This is obtained by submitting an application to the appropriate ministry.

Concession on Electricity Bills

MSMEs can get a discount on their electricity bills. A , along with the application and a copy of the registered certificate, electricity bill must be submitted by a registered MSME.

ISO Certification Fees Reimbursement

Expenses spent on ISO certification can be claimed for reimbursement by registered MSMEs.

MSME Schemes in India

Prime Minister Employment Generation Programme (PMEGP)

PMEGP scheme aims to generate employment opportunities in both rural and urban areas for the MSMEs through setting up of new self-employment projects in the country.

Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)

Ministry of MSME and SIDBI has jointly established the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement Credit Guarantee Scheme for MSEs. The corpus of CGTMSE is contributed by the Government of India and SIDBI.

Credit Linked Capital Subsidy for Technology Upgradation (CLCSS)

To facilitate technology to MSEs through institutional finance for induction of well established and proven technologies in the specific and approved 51 sub-sector/products. Both upgradation projects (with or without expansion) and new projects are eligible.

Documents & Details Required for Udyam Registration/MSME Registration

For MSME registration, It requires some mandatory documents. Here are the list of documents listed below-

  • Aadhaar card of the Applicant (Proprietor/ Partner / Director)
  • Name of the Applicant
  • Caste (GEN/OBC/SC/ST)
  • Business Name
  • Type of Business Entity
  • Address of the Plant
  • Address of the Office
  • Date of Commencement of the Business
  • Bank Details (Account No. and IFSC code)
  • Business Activity Details
  • Number of employees
  • Investment in Plant and Machinery and Equipment
  • Photo and Id Proof of Applicant
  • Mobile No. of Applicant (Linked with AADHAAR)
  • Email Id for OTP Verification

FAQs on Udyam Registration

The full form of MSME is Micro, Small and Medium Enterprises.
There are many schemes running by the government to provide benefits to the MSMEs sector.
With the help of Startup Club India, you can get an MSME certificate in just 3 to 4 working days.
There is no government fee or charges prescribed for MSME registration.
Document required for registration under MSME are mentioned above.
A buyer is required to pay for the goods/services within 15 days of purchase under the MSME registration privileges. If a customer delays payment for more than 45 days, the business is entitled to charge compound interest at three times the rate set by the RBI.
Yes, Aadhaar number is compulsory for MSME/Udyam registration.
No, it is not required for multiple MSME registrations for different branches of one company. However information of branches and functioning details must be notified to the government.

Why Startup Club India?

MSME Registration is now very simple with an online process. It is completely online, so you need not to appear physically for registration.

You can get your entity registered as MSME without leaving your home. We, Startup Club India provide excellent service to entrepreneurs with all documentation procedures.

Get connected to our
Startup Expert

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