MSME stands for Micro, Small, Medium Enterprises. The Government of India enacted the
Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 which became
operational on October 02, 2006. It is for all ventures that fall under the 3 categories— micro,
small and medium. This act was established to promote, facilitate and develop the
competitiveness of such enterprises. Certain eligibility criteria relating to the turnover and
investment limit is set by the Government to determine exactly which enterprises fall under the
above-mentioned categories.
What is MSME Registration?
The Government is keen on providing help to the MSMEs through various schemes for
sponsorship and promotion by means of the MSMED Act, 2006. These enterprises are
considered to be the foundation of an economy and hence the economic development of the
country largely depends on the MSMEs. To avail of the schemes of the central/state
government or the banking sector, it is important to have an MSME registration certificate/ udyam registration.
Every small scale enterprise— whether it is related to service or manufacture, is required to get
registered under the MSMED Act. The registration helps to impose endowments, control tax
sponsorships, extract exclusion plot and more. There are various other benefits and most
importantly, an easy way to get the MSME Registration for free!
Why is it required? Benefits of MSME Registration
There are various benefits of getting an MSME registration for free. We have discussed some of
the most prominent ones below:
Bank Mortgage: A business that has an MSME registration can easily get bank loans. These
loans can be applied without the need to pledge any property with the bank. All small and
medium enterprises that are registered get this collateral-free mortgage benefit from banks.
Opening A Business Account: It is now easy to open a business account with any Indian bank
if your business has an MSME/Udyam registration. On the other hand, not everyone can easily open a
business account, which makes this one of the greatest benefits of the registration.
Discounts On Registration And Stamp Duty Charges: Unlike other businesses, an enterprise
that is registered under the MSME Act gets huge discounts on registration and stamp duty
charges. Sometimes these charges can also get waived off. Thus, not only is the MSME
registration for free but it also helps the business owner save a lot of money in the future.
Easy Reservation: The Industrial Act is amended by the Government in favor of MSMEs
where these enterprises can avail the benefits of various government schemes. Due to this, it is
now easy to increase the overall production rate at the business premise. The boost in
production helps the business to create more success opportunities.
Expand Globally: The MSME Registration for free gives enterprises a chance to participate in
global trade. By being a part of international business fairs, an MSME enterprise can get global
exposure and better recognition in the market. This helps to develop your business on a large
scale.
Process and eligibility criteria for MSME registration for free
a) Application Drafting: The application for registration is to be drafted and the payment
for the same is to be done. b) Processing: The application is further processed by us. c) Certification: Once the application is approved by the concerned authorities, you
receive the MSME certificate on your registered email address.
The eligibility for MSME Registration for free is as follows:
Microenterprise: An enterprise with an investment in plant and machinery below 25
lakh rupees.
Small enterprise: An enterprise with an investment in plant and machinery below 5
crore rupees but above 25 lakh rupees.
Medium enterprise: An enterprise with an investment in plant and machinery below 10
crore rupees but above 5 crore rupees.
List of documents required for MSME registration:
Pan Card (of Proprietor /Partner/ Director)
Aadhar Card (of Proprietor /Partner/ Director)
Proof of ownership of premises. If the premises is rented— rent agreement and NOC
from the landlord supported by the landlord ownership.
Copy of Purchase and Sale Bill
In case of a partnership firm— Partnership Deed
In the case of Private Limited Company— Copy of MOA and AOA.
Copy of Industrial License.
Purchase Bill of the installed machinery.
Bank Account Statement.
An affidavit of ₹10/- providing the status of machinery installed, power requirement and
other details. It should be on a non-judicial stamp paper duly attested by Notary Public.
Why Choose msme.e-registration.co.in Over Government Website To Get MSME
REGISTRATION For Free?
Many business owners go to the Government website to get the MSME registration for free
only to get stuck in complicated procedures resulting in delayed certification of the business. At
times, it is difficult to understand all the terms and conditions mentioned on the website and
whether or not they are applicable to the particular enterprise.
Minor errors in the application form can lead to rejection of the same. The refilling process can
take time and extra effort. Therefore, it is always better to avoid getting the MSME Registration
for free done from the government website and take proper consultation to easily get the job
done and in less time.
As mentioned above, applying through the government website can be a time-consuming and
complicated process. We make the MSME Registration process absolutely easy for you. All you
have to do is go to our website msme.e-registration.co.in and fill the form. Once we receive all
the required information from your side, we take care of filling the application form and getting
the MSME registration certificate to you at the earliest.
We have made the process affordable and reliable to get the certification for your business
done in the easiest way and at the earliest. We also help you with any correction, update,
renewal or edits required and check whether the registration is valid or not if you already have
one so you can avail of its benefits in a hassle-free way. You can also contact us through the
website for any additional information.
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