MSME Registration For Free

MSME Registration For Free



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.

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:

  1. 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.

  2. Opening A Business Account: It is now easy to open a business account with any Indian bank if your business has an MSME registration. On the other hand, not everyone can easily open a business account, which makes this one of the greatest benefits of the registration.

  3. 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.

  4. 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.

  5. 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



The process for MSME Registration for free can be completed in three easy steps with us at https://msme.e-registration.co.in/.

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:



    1. Pan Card (of Proprietor /Partner/ Director)
    2. Aadhar Card (of Proprietor /Partner/ Director)
    3. Proof of ownership of premises. If the premises is rented— rent agreement and NOC from the landlord supported by the landlord ownership.
    4. Copy of Purchase and Sale Bill
    5. In case of a partnership firm— Partnership Deed
    6. In the case of Private Limited Company— Copy of MOA and AOA.
    7. Copy of Industrial License.
    8. Purchase Bill of the installed machinery.
    9. Bank Account Statement.
    10. 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.

    Contact Us To Edit/Update/Renew/Check For Validity OF your MSME Registration Certificate



    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.