Startup Salahkar

Puja Mohan & Associates
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MSME

In India, the government offers MSME registration to Micro, Small, and Medium Enterprises (MSMEs) as a means to unlock various benefits aimed at promoting their growth and development. MSMEs are considered the backbone of the economy and play a crucial role in generating employment and driving innovation. This registration provides access to a range of government incentives designed to support these businesses.

An enterprise is classified as micro, small, or medium based on the following criteria:

  1. Micro Enterprise: Investment in plant and machinery/equipment does not exceed ₹1 crore, and turnover does not exceed ₹5 crore.
  2. Small Enterprise: Investment in plant and machinery/equipment does not exceed ₹10 crore, and turnover does not exceed ₹50 crore.
  3. Medium Enterprise: Investment in plant and machinery/equipment does not exceed ₹50 crore, and turnover does not exceed ₹250 crore.
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    Benefits:

    Access to Government Schemes

    MSMEs are eligible for financial assistance, tax benefits, and preferential procurement policies through various government schemes.

    Easier Credit Access

    MSMEs can secure easier and more affordable credit from banks and financial institutions.

    Intellectual Property Protection

    Registration helps protect business intellectual property, including patents, trademarks, and copyrights.

    Export Assistance

    MSMEs can benefit from export promotion schemes and government support for expanding internationally.

    Government Tenders and Contracts

    MSME registration allows businesses to participate in government tenders and secure government contracts.

    Dispute Resolution

    MSME registration provides access to specialized dispute resolution mechanisms, such as MSME tribunals.

    Documents Required for Udyam Registration:

    To apply for Udyam Registration and obtain the Udyog Aadhar certificate, the following documents are required:

      1. PAN Card: The enterprise’s Permanent Account Number (PAN).
      2. Aadhaar Number: The Aadhaar card number of the individual associated with the business, depending on the entity type:
        • Proprietorship: Aadhaar of the proprietor
        • Partnership: Aadhaar of the managing partner
        • HUF: Aadhaar of the Karta
        • LLP/Company/Cooperative Society/Trust: Aadhaar of the authorized signatory
      3. GST Number: The Goods and Services Tax (GST) identification number (only for businesses required to register under GST law).

    How to Get Udyam Registration Online?

    1. Follow these steps to complete Udyam Registration on the official portal:

      1. Visit the Udyam Registration Portal: Go to the Udyam registration website.
      2. Choose Registration Option: On the homepage, select ‘For new entrepreneurs who are not registered yet as MSME or those with EM-II’.
      3. Enter Aadhaar Details: Provide the Aadhaar number and entrepreneur’s name, then click ‘Validate & Generate OTP’.
      4. OTP Verification: An OTP will be sent to the mobile number linked to the Aadhaar card. Enter it and click ‘Validate’.
      5. PAN Verification: After Aadhaar validation, proceed to verify the PAN details. Enter the PAN, select the type of organization, and confirm if you have filed the previous year’s ITR and if you have a GSTIN.
      6. Fill Application Form: The registration form will appear. Fill in the required details, including the enterprise name, mobile number, plant/unit location, address, bank details, unit activity, NIC code, and number of employees.
      7. Provide Investment and Turnover Details: Enter the investment in plant and machinery and turnover details, and select the appropriate declaration.
      8. Submit Application: Enter the final OTP received and submit the form. You will receive the Udyam e-registration certificate via email.

      By following these steps, MSMEs can complete the Udyam Registration process, obtain the Udyog Aadhar certificate, and access the benefits available under the MSME category.