Claim your access to Government Subsidies, Priority Lending and a quick start up. Register for MSME/Udyog Aadhar at INR 1699/- only.
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To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required. MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. Micro, Small and Medium Enterprises (MSME) sector has emerged as a highly vibrant and dynamic sector of the Indian economy over the last five decades.
On 13th may, 2020 Government of India announced some major relief to the MSMEs. And one of the major relief is that the Government Revised the definition of the MSMe as a whole.
Under the new definitions, the distinction between manufacturing and services enterprises has been eliminated and the investments have been revised upwards and additional criteria of turnover has been introduced.
Know Now: “How to Start a Micro Business in India?”
What is the new & Revised definition of MSMe?The new definition of MSMe is as follows:
Micro Enterprise: Manufacturing and services enterprises with investments up to Rs 1 crore and turnover up to Rs 5 crore will be classified as micro enterprises.
Small Enterprise: For small enterprises, the investment criteria and the turnover criteria has been revised upwards to Rs 10 crore and Rs 50 crore respectively.
Medium Enterprise: The enterprises which have investment up to Rs 50 crore and turnover up to Rs 250 crore will be termed as medium enterprises.
Table showing existing and revised definition of MSMe:
The new definition will benefit all the MSMes as they need not worry about growing in size; they will still be able to get quite a lot of benefits which otherwise, as an MSME, they have got.
This said new definition of MSMe is a welcome move for the promotion of the Atma Nirbhar Bharat Abhiyan by the Government of India.
Any Micro, Small and medium-sized enterprises in the manufacturing and service sector can obtain MSME Registration. MSME is used interchangeably with SSI, which stands for Small Scale Industries.
Though the MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for capital investment subsidies, lower rates of interest, tax subsidies, power tariff subsidies, and other support. You may also avail our e-Xpress service to obtain SSI registration / MSME registration within one working day.
EbizFiling.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Registering for SSI/MSME is easy, seamless, cheapest and quickest with EbizFiling.com!
(All Inclusive)
(All Inclusive)
Micro enterprises are the smallest entities. Micro manufacturing & service enterprises have an investment of less than investments up to Rs 1 crore and turnover up to Rs 5 crore
Small enterprises are bigger than the micro enterprises. Small manufacturing and service enterprises may have between investments up to Rs 10 crore and turnover up to Rs 50 crore
Medium enterprises are bigger than the small enterprises. Medium manufacturing & services enterprises may have between investments up to Rs 20 crore and turnover up to Rs 100 crore.
SSI or MSME Registration is not mandatory. However, it is advisable for all micro, small and medium enterprises to obtain for its obvious benefits. The same is available for Manufacturers and Traders.
Major benefits of SSI/MSME Registration are cheaper and quick bank loans, easy access to credit, tax rebates, cheaper infrastructure, including electricity exemptions. View More.
For Micro, Small & Medium Enterprises, An MSME Certificate once applied to need no renewals. It is valid for life time. Further, there are no periodic returns to be filed in respect of it.
5 Easy Steps
Complete simple form
Submit Documents
Verification of Documents
Application for MSME Registration
MSME Certificate Issued
A Compliance Manager will get in touch with you to obtain documents along with a simple checklist. You need to fill up that checklist and submit along with your documents for processing. Once we receive the documents, We will verify them.
Once Verified, we will proceed with registration formalities. All throughout the process, your dedicated Compliance Manager will keep you updated on the progress of SSI/MSME Registration. We will apply for SSI/MSME Registration online.
Upon submission, your SSI/ MSME/ Udyog Aadhar Registration Certificate will be generated automatically. Once done, we will notify you about the completion of the process. Whole process will be completed in 3 working days.
Any entrepreneur having valid Aadhaar Number can apply for MSME Registration Online.
Provisional registration is valid for a period of 2 years from the date of its Issue. In case Unit is not set up during two years, an applicant may apply afresh and obtain a new provisional registration. Permanent registration is granted for a lifetime.
It is computed as per the MSMED act and rules provided their under, but while computing the value of plant & machinery their original value is to be taken into consideration.
The SSI Registration is only needed to avail subsidies and benefits. It is absolutely voluntary. Due to the various benefits attached to it, it is advisable for SMEs to obtain the same.
A Micro, small and medium Enterprises can violate the regulations in the following ways which will make it liable for de-registration:
a) It crosses the investment limits.
b) It starts manufacturing any new item or items that require an industrial license or other kinds of statutory license.
c) It does not satisfy the condition of being owned, controlled or being a subsidiary of any other industrial undertaking.
In the interest of the environment, no physical copy of MSME Certificate will be issued. The government believes in paperless work.
At present, Aadhaar Number is mandatory for issuance of MSME Certificate.
Yes, you can very well do so by visiting Government website. It is free of cost.
For detailed narration, please visit here.
Ebizfiling.com provides SSI/MSME Registration all across India. You can obtain SSI/MSME registration in Ahmedabad, Mumbai, Pune, Bangalore, Chennai, Delhi, Kolkata, Kanpur, Nagpur, Jaipur or any other cities easily with us.
Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at info@ebizfiling.com or call us @+91 9643 203 209.
Claim your access to Government Subsidies, Priority Lending and a quick start up. Register for MSME/Udyog Aadhar at INR 1699/- only.
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