MSME Registration

MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. When these industries grow, the economy of the country grows as a whole and flourishes.

MSME – Merged Criteria: Investment and Annual Turnover

Sector/Enterprise Type

Micro Enterprise

Small Enterprise

Medium Enterprise

Manufacturing & Services Sector, Both

Investment less than Rs. 1 crore

Turnover less than Rs. 5 crore

Investment less than Rs. 10 crore

Turnover up to Rs. 50 crore

Investment less than Rs. 50 crore

Turnover up to Rs. 250 crore

Documents required for MSME Registration Online

Duly filled application form with passport-sized photographs

KYC documents of applicant: passport, voter ID card, Aadhaar card, driving license, utility bills (water & electricity bills)

Business PAN card

Business Establishment Certificate

Income Proof

Bank details

Last 6 months’ bank statement

Rent or Lease agreement

NOC from the landlord

Any other document required by the bank or NBFC

Benefits of MSME Registration

Helps in availing loans at low-interest rates

Helps in getting government tenders

Becomes easy to get licenses, approvals, and registrations

Compensation of ISO certificate expenditure

Registered MSMEs gets tariff subsidies and tax and capital subsidies

Under bank loan, 15% import subsidy on fully automatic machinery

Gets exemption under Direct Tax Laws

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Components of MSME Application Form

Aadhar number

Name of Entrepreneur as per Aadhar card

Social category (General, OBC, SC/ST)

Gender

Physically Handicapped

Name of Enterprise

Type of Organization (Proprietorship, Partnership Firm, Private or Public Limited Company, Limited Liability Partnership, Co-operative Society, Hindu Undivided Family, Self-Help Group, Society or Trust)

PAN Card

Location/Address of Plant

Country, State, District, City, Tehsil, PIN Code

Office Address

Mobile Number, Email ID

Date of Commencement of Business

Bank account number and IFSC code

Business activity of an enterprise

NIC 2 Digit Code – choose a primary activity

Additional detail of the enterprise

Number of employees

Investment amount in Plant & Machinery