MSME Registration Eligibility

Here on Udyogadharcertificate.in, we have explained the eligibility for MSME registration online for service and manufacturing or production enterprises.

MSME definition was revised and approved by the Union cabinet Nitin Gadkari to upscale the growth of small business companies and enterprises in India.

The MSME new definition was redefined on the basis of Investment and turnover size.

Initially, there was a difference between manufacturing and service enterprises for both investment and annual turnover amounts. But now the difference between the manufacturing and service enterprise has been eliminated by making the investment and turnover similar for enterprises engaged in both sectors.

Udyogadharcertificate.in mentioned the new classification of MSME in the table, which clearly defines the MSME registration eligibility.

MSME Classification Registration Eligibility

Micro Enterprise: : MSMEs will now be called as Micro enterprise where the investment does not exceed Rs 1 crore rupees and the Turnover does not exceed Rs 5 crore rupees.

Small Enterprise: : Small Enterprise where its investment in plant and machinery limit has been raised from Rs 5 crore to Rs 10 crore with a turnover of less than 50 crores.

Medium Enterprise: : With investments up to Rs 50 crore with a turnover of less than Rs 250 crore comes under Medium Enterprise. Earlier, the investment limit for Medium enterprise was up to Rs 10 crore and Service enterprises up to Rs 5 crore.

Enterprise	Turnover	Investment
Micro	Not more than 5 Cr.	Not more than 1 Cr.
Small	Not more than 50 Cr.	Not more than 10 Cr.
Medium	Not more than 250 Cr.	Not more than 50 Cr.

Finance Minister Nirmala Sitharaman even announced new schemes and economic measures under the Rs 20 lakh crore Atmanirbhar Bharat Abhiyaan to revive the economy of India amid the COVID-19 pandemic.

In order to take advantage of these schemes and benefits from the ministry of MSME, one has to register their business under the Ministry of MSME. A new portal was introduced called the Udyam registration portal. Some more benefits are mentioned below if a business owner gets an MSME certificate.

If You are Eligible Check the Benefits of MSME Registration Certificate

Below we have listed a few of the common advantages of getting an MSME registration certificate.

1. Interest rate Subsidy on Bank loans
2. Collateral free loans from banks
3. Protection against delayed payments, against material/services supplied
4. Special beneficial reservation policies in the manufacturing/ production sector
5. Ease of obtaining registrations, licenses, and approvals.
6. MSME Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
7. International trade fair special consideration
8. Government security deposit (EMD) waiver (Useful while participating tenders)
9. Electricity bills concession
10. Stamp duty and registration fees waiver
11. ISO certification fees reimbursement
12. Direct tax laws rules exemption
13. NSIC performance and credit rating fees subsidy
14. Patent registration subsidy
15. Barcode registration subsidy
16. Industrial Promotion Subsidy (IPS) Subsidy Eligibility

MSME Registration Process on Udyogadharcertificate.in

Udyogadharcertificate.in makes the online process for MSME registration very simple and user-friendly. The online registration process of MSME is simple for any business individual as follows:

Step 1: Visit the MSME Registration portal

Step 2: Fill all the details on MSME Registration Form, like aadhaar number, name, and address

Step 3: Make the online payment for your MSME Registration Application

Step 4: One of our registration experts will process your MSME Registration application

Step 5: In 1-2 hours you will receive your MSME Registration e-certificate at your registered e-mail address.

Above we have mentioned various benefits of getting an MSME registration certificate for your business. If you any doubt about the eligibility of MSME registration then contact us. The online registration MSME process is very simple, no need to run around the government office for registration. Now on the Udyam registration portal, it’s a paperless process with no uploading or submitting of documents required anymore.

It is very simple to print udyam certificate in udyogadharcertificate.in and fill up the simple form to get the Udyam registration online.