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What is Free MSME Registration?
MSME registration process is fully online, paperless and based on self-declaration. No documents or proof are required to be uploaded for registering an MSME. Only Adhaar Number will be enough for registration. MSME Registration process online is now free, simple and hassle free.
An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: --
- (i) a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
- (ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
- (iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
How to Apply for Udyog Aadhar/MSME Registration Online?
- Log in to LegalDocs Website, and Click on “Free MSME Registration”.
- Fill in the Application form and give your details (Free of Cost)
- Only Aadhaar number shall be required for Udyam Registration. (Your Aadhaar should be linked with your mobile number because you will receive the verification OTP there)
- The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the managing partner in the case of a partnership firm, and of a Karta in the case of a Hindu Undivided Family (HUF).
- In the case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society or a Trust, the organization or its authorized signatory shall provide its GSTIN and PAN along with its Aadhaar number.
- In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information for previous years when it did not have PAN shall be filled up on a self-declaration basis.
- A permanent registration number will be given after registration.
- After completion of the process of registration, a certificate will be issued online.
- This certificate will have a dynamic QR Code from which the web page on the government Portal and details about the enterprise can be accessed.
- There will be no need for renewal of Registration.
*Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves. No enterprise shall file more than one Udyam Registration. However, any number of activities including manufacturing or service, or both may be specified or added in one Registration.
Documents Required for Free Udyog Aadhar/MSME Registration Online
- No documents or proof are required to be uploaded for registering an MSME.
- Only Adhaar Number will be enough for registration.
- PAN & GST linked details on investment and turnover of enterprises will be taken automatically from Government databases.
- The online system will be fully integrated with Income Tax and GSTIN systems.
Benefits of Udyog Aadhar/MSME Registration Online
Benefits : According to your business, you may enjoy an excise benefit scheme as well as exemption from certain direct taxes in the initial years of your business.
Easy Clearance of Pending Payments : MSME registration helps you to make easy clearance for any pending payment.
50% discount on trademark and Patent Fees : MSME registration helps to reduce the pricing of trademark and patent registration.
Lesser Interest Rates For Bank Overdraft(OD) : Banks and other money-related organizations perceive MSMEs and have made exceptional schemes for them. This more often than excludes need segment loaning, which implies that the probability of your business being endorsed a credit is high, and lower bank financing costs.
Eligible for Mudra Loan Scheme : MSME registration helps you to be eligible for the Mudra loan scheme.
Apply Government Tenders Easily : Subside the power, taxes, and entry to state-run industrial estates, there is a sales tax exemption in most of the states. Not only this but also the central government offers various schemes from time to time.
Current Account Opening
A current account is a type of deposit account that helps the professionals and businessmen to run their business. Businessmen can avail various benefits by Online Current Account such as:
- Unlimited transactions
- Customized features
- Online banking services
Online current account reduces the hassle and provides the benefit to complete the banking process anytime and anywhere.
Are you Ready to Grow your Business?
- Zero Balance Current Account
- In just 5 mins
- Free Current Account Powered by ICICI Bank
UdyogAadhar/MSME Registration FAQs
What is Free MSME Registration?
You can now directly register your small business online for free which is a paperless procedure and based on self-declaration.
What documents are required for free MSME Registration online?
Only Aadhar number is required to apply for online MSME Registration
What are the Fees for MSME Registration online?
MSME Online registration process is totally free of cost.
How long does it take to get MSME Registration online?
It will take approximately 2-4 working days to receive your MSME Certificate online.
How is the value of plant and machinery?
The original value of Plant and Machinery is to be taken in to account. The components, to be excluded while computing the value of Plant and Machinery, are detailed in the said notification.
How many items are reserved for manufacture in SSI Sector?
20 items are reserved for manufacturing in the SSI sector.
What is the role of associations in the MSME Sector?
Associations articulate the views of the MSME sector. The Micro, Small and Medium Enterprises Act, 2006 has further strengthen the role of association in policy framing and execution by providing them the membership in Advisory Committee and in the National Board for MSME constituted under the provisions of MSMED Act, 2006. The participation in Advisory Committee make these associations participative and co-part in decision making.
How many such specialized branches for lending to MSMEs are there?
Till 2013 there were around 2032 specialized branches for lending to MSME.
What is the impact of GST on MSME sectors?
The positive impact of GST on MSME is as it gives ease to start a business, reduces the tax burden, faster delivery, elimination of goods and services.
What is an MSME loan?
MSME loan is a type of loan which is provided to Micro small and medium enterprises.
Are MSME startups successful?
Yes, there are various MSMEs which are successful enough.
What are the problems faced by MSME?
The two major problems faced by MSME are late credit payments and SME loans.
What kind of business comes under MSME?
Every Micro, small and medium business are counted under MSME.
What are the examples of MSME companies in India?
There are few examples of MSME companies in India:
Ankur scientific energy technology.
DFM foods
Mynd solutions
SL packaging
Ankur scientific energy technology.
DFM foods
Mynd solutions
SL packaging
Is MSME registration now converted into Udyog Aadhar?
Yes, MSME is now converted into Udyog Aadhar.
Which is the best bank for MSME loan?
There are several banks who will provide the MSME loan which is as follows:
Bank of Baroda
Bajaj Finserv
Tata capital
Bank of Baroda
Bajaj Finserv
Tata capital
How do I register MSME in Rajasthan?
Visit LegalDocs and get done MSME registration done in a simple procedure.
How do I register my proprietorship firm for MSME scheme?
Visit LegalDocs and get done MSME registration done in a simple procedure.
What are the requirements for MSME?
Microenterprise: Any entity wherein the investment in plant and machinery does not exceed rupees twenty-five lakhs.
Small enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees five crores but also more than rupees twenty-five lakhs.
Medium enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees ten crores but also more than rupees five crores.
Small enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees five crores but also more than rupees twenty-five lakhs.
Medium enterprise: Any entity wherein the investment in plant and machinery does not exceed rupees ten crores but also more than rupees five crores.
What is the process of MSME registration?
Visit LegalDocs and get done MSME registration done in a simple procedure.
Can a sole proprietorship firm apply for MSME registration?
Yes, a sole proprietorship firm can apply for MSME registration.
What are the documents required for MSME registration?
Pan Card & Aadhar Card (Proprietor/ partner/ directors)
Proof of ownership of premises where business is taking place.
Rent agreement and NOC from the landlord along with supporting by the landlord ownership. (If rented)
Copy of sale bill.
Copy of purchase bill.
Partnership Deed
Copy of Memorandum and Articles of association in case of Private Limited Company along with Board’s Resolution authorizing the director to sign the application. (MOA & AOA)
Copy of Industrial License
An affidavit of Rs. 10/-non judicial stamp paper duly attested by Notary Public affixed providing the status of machinery installed, power requirement etc.
Purchase bill of machinery installed
Bank Account Statement
Proof of ownership of premises where business is taking place.
Rent agreement and NOC from the landlord along with supporting by the landlord ownership. (If rented)
Copy of sale bill.
Copy of purchase bill.
Partnership Deed
Copy of Memorandum and Articles of association in case of Private Limited Company along with Board’s Resolution authorizing the director to sign the application. (MOA & AOA)
Copy of Industrial License
An affidavit of Rs. 10/-non judicial stamp paper duly attested by Notary Public affixed providing the status of machinery installed, power requirement etc.
Purchase bill of machinery installed
Bank Account Statement
What are the main benefits of Udyog aadhar registration?
Tax Benefits
Easy Clearance of Pending Payments
50% discount on trademark and Patent Fees
Lesser Interest Rates For Bank OverDraft(OD)
Eligible for Mudra Loan Scheme
Apply Government Tenders Easily
Easy Clearance of Pending Payments
50% discount on trademark and Patent Fees
Lesser Interest Rates For Bank OverDraft(OD)
Eligible for Mudra Loan Scheme
Apply Government Tenders Easily
Is MSME registration mandatory?
Yes, MSME registration is mandatory in India.
Why is MSME registration required?
To support and promote MSMEs, the Government of India through various subsidies, schemes, and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.
What does SSI & MSME stand for?
MSME stands for Micro small and medium enterprises & SSI stands for small-scale industries.
What is SSI registration?
Small Scale Industry Registration(SSI) is a registration from the Ministry of Micro, Small and Medium Enterprises.
What is Micro industry?
A industry is generally defined as a small business employing nine people or fewer and having a balance sheet or turnover less than a certain amount.
What is MSMED?
MSMED is Micro Small & Medium enterprise development act, 2006.
What is the validity of MSME certificate?
The validity of MSME certificate is for 5 years.
What is MSME Udyog Aadhar?
Udyog aadhar is a unique 12 digit government identification number provided by Ministry of MSME.
Why is MSME important?
MSME helps to increase the economy.
What are the MSME benefits?
Tax Benefits
Easy Clearance of Pending Payments
50% discount on trademark and Patent Fees
Lesser Interest Rates For Bank OverDraft(OD)
Eligible for Mudra Loan Scheme
Apply Government Tenders Easily
Easy Clearance of Pending Payments
50% discount on trademark and Patent Fees
Lesser Interest Rates For Bank OverDraft(OD)
Eligible for Mudra Loan Scheme
Apply Government Tenders Easily
What is NSIC & MSME?
NSIC is National Small Industries Corporation Limited & MSME is Micro Small Medium Enterprise.
Is GST mandatory for MSME companies?
Yes GST registration is mandatory for MSME companies.
How can I register under MSME Act 2006?
Visit LegalDocs and get done MSME registration done in a simple procedure.
Can I get a loan from MSME for opening school or college?
Yes, you can get a loan from MSME for opening school or college.
Can I register my already existing company with MSME?
Yes, you can easily register your existing company with MSME by LegalDocs.
What is the procedure to obtain an MSME certificate?
Easy Three Step Process-
Step 1: Application Drafting - Submit the Draft, Make Payment.
Step 2: Processing - Our CA will File the Application Online
Step 3: Certificate - Once Approved You will Receive MSME Certificate on Your Registered E-mail Address.
Step 1: Application Drafting - Submit the Draft, Make Payment.
Step 2: Processing - Our CA will File the Application Online
Step 3: Certificate - Once Approved You will Receive MSME Certificate on Your Registered E-mail Address.
Does MSME provide bank loans?
MSME does not provide loans to any bank.
Does publishing books come under MSME?
Yes, publishing books come under MSME sector.
Can a registered startup register with MSME as well?
Yes, you can register startup with MSME as well.
Does transport service comes under MSME?
Yes, transport service comes under MSME.
Which one is good MSME or Udyog Aadhar?
MSME has recently changed in Udyog Aadhar, they both are the same.
Does the MSME holder need any specific experience?
No, MSME holder requires minimum experience.
What is a MSME in entrepreneurship?
Almost all financial institution along with the Ministry of Micro, Small, and Medium Enterprises is into providing business funding to eligible business which qualifies the criteria mentioned in the MSME act 2006.
What is MSME registration number?
The registration number provided by the government is known as MSME registration number.
What are small-scale industries?
Small-scale industries are also known as SSI. They undertake fixed plants and machinery.
What are large scale industries?
Large-scale industries are factories that combine at least three characteristics: use of machinery, employment of wage labor, and the application of regulatory measures such as the Factory Act or Disputes Act.
What is MSME databank?
It is a comprehensive database in India.
Is a sole trader an MSME?
Yes, a sole trader can be counted in MSME.
What is MSME development forum?
MSME development forum is a non- profit organization.
Can we register MSME online?
Yes, LegalDocs will help you to register MSME with few simple steps.
What is Udyog Aadhar Memorandum?
UAM is a one-page registration form which constitutes a self-declaration format under which the MSME will self-certify its existence, bank account details, promoter/owners Aadhaar details and other minimum information required.
