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The Government of India has introduced MSME or Micro, Small, and Medium Enterprises in agreement with Micro, Small and Medium Enterprises Development (MSMED) Act of 2006. These enterprises primarily engaged in the production, manufacturing, processing, or preservation of goods and commodities.
MSMEs are an important sector for the Indian economy and have contributed immensely to the country's socio-economic development. It not only generates employment opportunities but also works hand-in-hand towards the development of the nation's backward and rural areas. MSME registration is also known as Udyog Aadhaar or SSI registration.
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Here are the main benefits of registering MSME:
Provisional MSME Registration: This is given for entities which are yet to begin functioning. With provisional registration the MSME can:
Permanent MSME Registration: It is given to industrial units that are already functioning. All the benefits available to MSMEs can be availed by them. The following conditions have to be met for getting a permanent registration:
Listed below are the documents and details required for MSME registration.
The most important steps involved in MSME registration is stated below:
Here is why you should choose Filemydoc.com for your MSME registration:
Yes, Aadhar is mandatory for obtaining the MSME registration.
The user will have to provide their 12 digit Aadhar number, PAN Card, and the bank account details of the business for the registration process.
The registration is valid till the existence of enterprises and there is no need to renew the registration.
No, one cannot take more than one MSME registration on the same PAN.
The NIC code is a business code that is provided by the government to track the business proceedings for the organization under the micro, small and medium enterprises.
One can add a maximum of 10 NIC codes for Udyam registration.
The MSME Registration certificate provides the companies registered under the Udyam special access to the schemes by the government. The MSME Registration directly links enterprises with the government database.
The processing is dependent on the submission of the documents by the client.
The documents and details should be up to date to avoid any chances of rejection.
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