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Micro, Small, & Medium Enterprises (MSME) Registration
MSME (Micro, Small, & Medium Enterprises) registration is a voluntary process under the Micro, Small, & Medium Enterprises Development Act (MSMED), offering substantial benefits such as access to various subsidies and schemes for micro, small, and medium-sized businesses. Guidewell International boasts a team of experienced professionals with in-depth expertise in this field, always ready to assist you. After registration under the MSME Act, a Provisional Registration Certificate (PRC) is issued, valid for 5 years.
Following schemes as a part of government policy are introduced to benefit MSMEs in India:
- Prime Minister’s Employment Generation Program (PMEGP)
- Quality of Technology Support Institutions and Program
- Promotional Services Institutions and Program
- MSME Clusters Development Program and MSME Growth Poles
- Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
- Credit Support Program
- MDA Program
- Upgradation of Data Base
List of documents / registrations required for registration
- Copy of permanent account number (PAN) card of entity
- Copy of Aadhar of director / applicant
- Cancelled cheque of entity
- Mobile number and e-mail I’d for application
- Date of commencement of business
- Number of employees
- Investment in plant and machinery
- Main business activity of enterprise
- Location of plant (complete address)
- Social category – General / Schedule Caste / Schedule Tribe / Other Backward Classes
- Physically handicapped – Yes / No
- Name of enterprise, in case of a proprietorship
FAQs
1. Who can apply for MSME registration?
Every type of business entity, including one-person company, proprietorship, partnership firm, manufacturer, producer, limited company, private limited company, limited liability partnership firm, co-operative societies, any association of individuals, retailors, Hindu Undivided Family, or any other undertaking can apply for MSME registration.
2. What are the documents required for MSME online registration?
Following documents are required for MSME online registration:
- Aadhar Card
- Rent agreement
- Property paper
- Cancelled Cheque
- Company Registration i.e., Sale or Purchase Bill and PAN card
3. Can new and existing business apply for MSME registration?
Yes, both new and existing business can apply for MSME registration and get the certificate.
4. Do we need to renew the MSME certificate?
MSME registration is valid for an indefinite period as long as the business is running. There is no need for the renewal of the MSME certificate.
5. What are the benefits of MSME registration?
Enterprises registered under MSMEs are eligible for various benefits from the Government of India, Reserve Bank of India (RBI), etc. It includes subsidies, incentives, credit facilities from banks, and protection against delayed payments by buyers of goods/services.
6. Can traders be registered under MSME?
Traders may be allowed to register as MSME under the MSMED Act, 2006 through Udyog Aadhaar Registration. This will help a big group of Traders to get benefits under MSME. Soon Medium Enterprises will also get the use of Protection against Payments (Delayed Payments).
7. What type of business comes under MSME registration?
Manufacturing and service sector industries come under MSME registration.
8. What are the criteria required for MSME registration?
Following criteria’s are required for MSME registration:
Sector | Criteria | Micro | Small | Small |
| Manufacturing | Investment | < Rs. 25 lakh | < Rs. 5 crore | < Rs. 10 crore |
| Service | Investment | < Rs. 10 lakh | < Rs. 2 crore | < Rs. 5 crore |
9. Which scheme does the Ministry have for providing marketing support to MSMEs?
The Ministry implements the Marketing Assistance scheme through National Small Industries Corporation (NSIC) Limited for providing marketing support to MSMEs.
10. Whether there is any scheme for assisting MSMEs with Intellectual Property Rights?
Under the National Manufacturing Competitiveness Programme (NMCP) to enhance the competitiveness of the SMEs sector, O/o DC (MSME) is implementing a scheme “Building Awareness on Intellectual Property Rights (IPR)” for the MSME. The objective of the scheme is to enhance the awareness of MSME about Intellectual Property Rights.
11. Is credit rating mandatory for MSE borrowers?
Credit rating is not mandatory, but it is in the interest of the MSE borrowers to get their credit rating done as it would help in credit pricing, cost of funds (interest and other charges, etc.), and loans taken by them from banks.
12. When will the MSME registration certificate be issued?
An MSME registration certificate will be issued within one or two working days by email after filing an online MSME application form.
13. What is the validity period of the MSME certificate?
The Provisional Registration Certificate (PRC) will be valid for a fixed period of 5 years from PRC’s date of issue.