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MSME Registration

Register your business under MSME/ SSI Online and luxuriate in the advantages
MSME or Micro, Small and Medium enterprises, classified counting on the annual turnover of any business. Previously, it is known as SSI registered entities. The entities which are registered under the MSME Development Act, 2006 of the Central Government can have MSME Registration certificate. The Act was introduced to develop and to market the companies working at a little or medium scale.

Almost all types of business activities were eligible for registration under MSME before, but trading and other few business activities are now specifically excluded from the eligibility category. However the MSME registration is voluntary, entities like better to obtain MSME registration online due to its numerous benefits announced by the govt.

Benefits of MSME Registration are as follows,

  • Tax Benefits: By registering your business under MSME, you'll get tax benefits scheme counting on your sort of business like exemption from certain direct taxes within the beginning years of your business.
  • Easy Clearance on Payments: MSME registration helps your business to urge easy clearance for any payments which are pending.
  • 50% discount on trademark and Patent Fees: MSME registration offers you a reduction in the price of the trademark registration process and patent registration process. The entities which are registered under MSME may claim a 50% discount on the Government fees with the submission of their MSME registration certificate.
  • Credit Guarantee Scheme: Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGTMSE) is a more supportive scheme for the small scale industries. It provides credit and income input from different sources to support small scale industries which are in the bad financial situation.
  • Lesser Interest Rates For Bank Overdraft(OD): Banks and other money-related sources comprehend MSMEs and provide various exceptional schemes for them.
  • Eligible for Mudra Loan Scheme: Business under MSME registration is eligible for the Mudra loan scheme.

  • Basically, there are 3 sorts of MSME or SSIs which are classified as below:

    Micro Enterprises: Micro-enterprises are small scale entities. Business under Micro manufacturing enterprises with the investment of less than Rs. 25 lakhs in plant and machinery, and business under the microservice enterprises should be but Rs. 10 lakhs investment

    Small Enterprises: The investment in small service enterprises limits between Rs. 10 lakhs and Rs. 2 crores and in small manufacturing enterprises, the investment should be in between Rs. 25 lakhs and Rs. 5 crores in plant and machinery.

    Medium Enterprises: and eventually the Medium manufacturing enterprises, here the investment should be in between Rs. 5 crores and Rs. 10 crores for plant and machinery, and for medium service enterprises it should be in between Rs. 2 crores and Rs. 5 crores.

    Documents Required for MSME Registration

    To register your business under MSME, you've got to submit the subsequent documents

  • Business Address Proof
  • Copies of Sale Bill and Purchase Bill
  • Partnership Deed/ MoA and AoA
  • Copy of Licenses and Bills of Machinery Purchased