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Udyam / MSME Registration

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  • • Udyog Aadhar Registration

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  • • Udyog Aadhar Registration +
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  • What is MSME
  • What is the Registration Process of MSME?
  • What are the Documents Required For MSME Registration?

MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy.

The MSME sector contributes to 45% of India’s Total Industrial Employment, 50% of India’s Total Exports and 95% of all industrial units of the country and more than 6000 types of products are manufactured in these industries (As per msme.gov.in). When these industries grow, the economy of the country grows as a whole and flourishes. These industries are also known as small-scale industries or SSI’s.

Revised Classification applicable w.e.f 1st July 2020

Composite Criteria: Investment in Plant & Machinery/equipment and Annual Turnover

Classification

Micro

Small

Medium

Manufacturing Enterprises and Enterprises rendering Services

Investment in Plant and Machinery or Equipment:
Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore

Investment in Plant and Machinery or Equipment:
Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore

Investment in Plant and Machinery or Equipment:
Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore

  • Aadhar number is compulsory for registering under the MSME act. Any enterprise that qualifies under the definition of MSME can obtain Udaym Registration under the MSME Act. An application is to be filed online using Udyam Registration Portal for obtaining Udyam.

    Udyam Registration is a completely online registration process and once the form is filled and submitted on the Udyam Registration portal, the registration certificate will be issued after a few days. The Udyam Registration has lifetime validity unless cancelled.

The Udyam registration process is entirely online and does not require the uploading of any documents. However, before applying for Udyam Registration, the proprietor or owner of the enterprise is required to have the following documents:

  • Aadhar Card
    • In the case of a Proprietorship Firm, the Aadhar number of the proprietor is to be entered in the Udyam Registration form.
    • In the case of a Partnership Firm, the Aadhar number of the managing partner is to be entered in the Udyam Registration form.
    • In the case of a Hindu Undivided Family (HUF), the Aadhar number of the Karta is to be entered in the Udyam Registration form.
    • In the case of a Company or Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the Aadhar number of the organisation or authorised signatory is to be entered in the Udyam Registration form.
  • PAN Card

The above documents need not be uploaded but the Aadhar and PAN number of the entrepreneur is required to be entered in the registration form.

MSME Registration FAQ’s

No. Udyog Aadhar in this context refers to a 12-digit number MSMEs can avail by registering at the Udyog Aadhaar portal. And MSME refers to the registration for classification under micro, small and medium enterprises to avail an MSME certificate. The Udyog Aadhar registration is a compulsory pre-requisite for MSME registration.

Since MSME registration is done for businesses and enterprises, individuals cannot as such register for MSME. However, if a one-person enterprise or one in small-scale industries wishes to register for MSME, they can. This will be treated like any other company for MSME registration, both in terms of the process and benefits.

Yes, existing businesses can apply for an MSME registration. However, their existing operations, including investment and the annual turnover will be taken into consideration for the classification criteria.

Yes, new businesses can definitely apply for MSME registration. In fact, the Ministry of MSMEs has set up many promotional schemes in place for new businesses and encourages entrepreneurs to register as MSMEs. The criteria for the classification of micro, small and medium industry should be followed as mandatory.

No, trading companies or enterprises cannot register under MSME. As of now, the Ministry of MSME only allows manufacturing and service industries to register as MSMEs in India. Since, MSMEs are set up to support and enable startups with benefits and concessions, trading companies aren’t eligible to register.

No, MSME registration is not compulsory. Only startups, individuals and business owners who wish to avail the subsidies, concessions, and other schemes can register for MSME at their will. Since, the government directly and indirectly supports MSMEs in a huge way, it is always advised to do so in case your business fits the classification criteria.

MSME certificate is a valid proof of registration. This is issued post a successful registration for one business. If one proprietor or individual has multiple enterprises, they must register each of these individually and obtain different certificates for each of these.

Yes. Udyam registration is in fact the MSME registration. For any micro, small or medium industry: any new business can do either the MSME or Udyam registration online.

Yes, an existing Aadhaar card registration is compulsory for MSME registration. However, in case of businesses, where the applicant is someone other than the proprietor: the Aadhaar card of the partner and the director of the enterprise is compulsory. Along with a letter of authorization.

Yes, an existing and new business can apply for MSME/Udyam Registration, provided the existing unit is functioning and meets the threshold limits for registration. UAM Registration has to be re-registered for Udyam registration to avail the benefits of MSME.

No. The MSME/Udyam Registration Certificate is for a single entity irrespective of multiple branches or plants. However, information about multiple branches or plants must be furnished.

Here are some of the benefits bestowed upon registered MSMEs by the Govt. of India:

  • Registered MSMEs have lower interest rates on bank loans by a huge margin. MSMEs can avail loans at as low as 1% with friendlier EMIs.

  • Registered MSMEs with an MSME Certificate can avail tax exemption.

  • Minimum Alternate Tax or MAT for registered MSMEs can be extended to 15 years. Whereas the regular MAT is 10 years.

  • MSMEs registered under the Ministry of MSMEs get priority on applications of licenses and certificates issued by the Government of India.

  • A registered MSME gets various rebates and concessions on patents and the costs of setting up industry. 

  • Owners of registered MSMEs can easily access credit for their businesses.

  • MSMEs are given preference for government tenders on the Udyam Registration Portal as it is integrated with Government e-Marketplace and other portals that give ease of access to MSMEs on marketplaces and e-tenders.


  • MSMEs can avail a One Time Settlement Fee for delayed or non-paid amounts of MSME.

MSME certificate is valid as long as the business is operational. Moreover, it is issued for a lifetime as long as the classification criteria are met.
Since the composite method of categorization is put in place, businesses are subject to cancellation in case the annual turnover is exceeded and no longer fits in the category of small businesses.

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