What is MSME Registration in India?

MSME Registration in India

MSME stands for Micro Small and Medium enterprises. There are many enterprises that fall under this category. These enterprises form the backbone of the country’s economy and push forward the economic growth of the nation.

Seeing its importance, the government of India provides several benefits to these enterprises. However, for that, they have to register under the MSME act.

Though not statutory, it is suitable for all. The benefits that it provides entail:

1. Lower rates of interest
2. Excise exemptions
3. Power tariff subsidies
4. Tax subsidies
5. Capital investment subsidies.
6. Others

Our team of UST Associates can assist you with obtaining this license at the right time today. Get in touch with us and avail this registration service.

Eligibility Criteria for MSME Registration in India

Only service providers and product manufacturers can obtain MSME Registration. Following is the classification of Micro Small and medium enterprise:

·         Micro

o   Investment in plant and machinery: up to INR 1 Crore

o   Turnover: Up to INR 5 Crore

·         Small

o   Investment in plant and machinery: up to INR 10 Crore

o   Turnover: Up to INR 50 Crore

·         Medium

o   Investment in plant and machinery: Up to INR 50 Crore

Turnover: Upto INR 250 Crore

Documents Required for MSME Registration in India

1. Business address proof
2. Copies of Sales bill or purchase Bill
3. Partnership Deed or MoA and AoA
4. Bills of machinery
5. Copies of licenses

Process of obtaining the MSME Registration in India

1. You need to first get in touch with us regarding this matter. To that end, fill our form and request for MSME registration. In this form, you will fill your contact details and your name and our experts will get back to you.
2. Once you get in touch with us. We will begin with preparing and gathering the required documents.
3. Once all the documents have been accumulated, we are going to file the MSME application form and submit it to the MSME registrar.
4. Once the MSME application is approved by the Registrar, we are going to forward you your certificate either via email or courier.

Our Assistance to get the MSME Registration

We provide end to end assistance to get you MSME Registration.

·         Document collection

·         Filing the MSME Registration application

·         Obtaining the Registration

·         Delivering you MSME registration certificate

Thus, if you want to start an MSME, reach out to UST Associates.