Importance of MSME Registration for India |

Importance of MSME Registration for India

In a country like India, MSME plays an critical role for the social growth and economic development of the country. MSME in India also in acts a major contribution towards producing, transport, jobs, and enterprise units in India. In India, the MSME industry is also popularly known as the Small Scale Industry (SSI).

India has mainly three types of enterprise- micro, small and medium.
  • A micro enterprise can earn upto 25lakhs and their revenue can’t exceed 2-5crore.
  • A small enterprise can earn upto 5crore and revenue would not exceed 10crore.
  • A medium enterprise is eligible for income of 10corre but revenue could not cross from 50crore.

Advantages of MSME Registration

Convenience:- every business requires funds to set up,even a single penny makes a huge difference. Getting a loan from MSME is very easy and simple and is less time taking than other providers. Getting a loan from MSME only takes 24hrs.

Full- Control:- the entrepreneurs want to have full control on their business. Register to MSME to get a loan easily and manage your business.

Interest Rates Reduction:- the more money you need the more benefits you get. Through their low interest rates, MSME loans ensure that only the minimum amount is expended on repaying the loan and that the remainder is available for other business needs.

Permitting Priorities:- if it is a small company then the only document required for identity will be aadhar card and it is a medium or large enterprise then GST and PAN card details will be required.

Documents Required

  • Address proof for business identification
  • Photocopy of enterprise license
  • Purchasing bill & receipt on machinery
  • Bill receipt of purchase and sales
  • Copy of Aadhar card and PAN card
  • Bank details:account number, IFSC code, NIC code
  • Record of no. of employees
  • Date for commencement of business
  • If business is in partnership then give a partnership deed
  • Registration certificate
  • Some other documents like (moa)memorandum of association, (aoa)articles of association, incorporation certificate, copy of resolution passed in company and a board resolution copy approving the sign of MSME application.

Process of MSME Registration

Step1:-Visit our web page Udyam Registration then on the home page you will easily get the MSME registration page.

Step2:Read the instructions given on the page carefully to avoid mistakes.

Step3:- fill the details regarding your personal and contact info.

Step4:-Select your type of business, give details about your enterprise and your employees.

Step5:- Upload photo of your aadhar card.

Step6:- Agree to the terms and conditions of our site and click “submit application”.

About US

We are a team of private consultants offering online MSME/Udyam Registration process-related services under one roof. In terms of tax and legal consequences, we have a clear understanding. We direct and assist the small-medium company in securing work for legal business registration. Each type of business organization requires careful guidance to ensure that the right type of company is set up.

And we're here for them to help. For any questions, call us at + 914847110180.

For all their legal and technical needs, we concentrate solely on providing individuals and companies with one-click service.

Other Related Latest Post
  • Apply For Udyam Registration
  • How to Update Udyam Certificate
  • What are the Benefits of Udyam Registration in India?
  • How To Print Udyam Registration Certificate
  • How to Cancel Udyam registration?
  • New MSME Registration Benefits For Small Scale Business
  • Top Things About Udyam Registration Certificate

Procedure To Obtain MSME / SSI Udyog Aadhar Registration Certificate Online

Step 1 ⇨

Fill Up Udyog Aadhar Form
Step 2 ⇨

Make Online Payment
Step 3 ⇨

Executive Will Process Application
Step 4 ⇨

Receive MSME Udyog Aadhar Certificate On Mail


LAST UPDATED ON : 03/10/2023
TOTAL VISITOR : 1,74,250

Lokesh Rawat, From Madhya Pradesh

Recently applied Udyam Certificate

⏰(1 Hours ago)         Verified