Start Registration

MSME Regitration

A Hard working team to Assist You! 1000+ Reviews with 4.9 Stars
1000+ Happy Clients
New MSME Regitration

Register In MSME/SSI in 1 day and totally online process !!     

Write a review

Note: HTML is not translated!
    Bad           Good

Call us if any query : 9560187032

Fees After GST No -: No hidden cost

For Documents Please Call at 9560187032

  • Product Code: MSME
  • Availability: In Stock
  • ₹999.00
  • Ex Tax: ₹999.00

Tags: MSME ONLINE, MSME REGISTRATION, MSME REGISTRATION CERTIFICATE, MSME REGISTRATION ONLINE, SMALL Scale industries registration, SSI CERTIFICATE, SSI ONLINE REGISTRATION, SSI REGISTRATION, UDYOG AADHAR, UDYOG AADHAR REGISTRATION

 MSME ONLINE

 

 

 

Every once in a while, the government will introduce a new act or scheme to develop the country.

These can include anything from small-scale projects to a complete overhaul of the system.

One such attempt by the government is that of the Micro, Small & Medium Enterprises Development (MSMED), which happens to be an act passed in the year 2006.

The act focuses on accelerating the development of the country, through the promotion of the small and medium scale businesses across the country.

It classifies businesses, i.e. micro, small and medium enterprises (MSME) into two distinct classes:

1.)  Manufacturing enterprises: Enterprises that manufacture or produce goods specified in Schedule-I of The Industries (Development and Regulation) Act, 1951 or employs plant and machinery in the process of value addition to the finished product which has a distinct name, use or character.

It is important to note that the Manufacturing enterprises are defined in terms of investment in plant and machinery. The limits for investments are:

  • Micro Enterprise: Does not exceed 25 lakh rupees.
  • Small Enterprise: More than 25 lakh rupees but does not exceed 5 crores.
  • Medium Enterprise: More than 5 crore rupees but does not exceed 10 crores.

2.) Service Enterprises: Enterprises that provide services and are also defined in terms of investment in equipment. The limits for investment being:

  • Micro Enterprises: Does not exceed 10 lakh rupees.
  • Small Enterprises: More than 10 lakh rupees but does not exceed 2 crores
  • Medium Enterprises: More than 2 crore rupees but does not exceed 5 crores.

MSME registration certificate is not compulsory.

It is completely voluntary and exists for the government to monitor, build statistics and focus their support and incentive plans.

The benefits include lower rates of interest, excise exemption scheme, tax subsidies, lower rate on power tariff, capital investment subsidies, etc. MSME online registration facility is available.

With regard to the registration process, the details are as given below.

An application can be filed online using Udyog Aadhar Registration and can be verified using e-Aadhar OTP. Aadhar number is compulsory for msme registration certificate. Provisional registration is provided for the first 5 years if the business has not begun its operations. During the pre-operative time, bank loans can be sought along with application for various NOCs from regulatory bodies. After operations begin, permanent license can be acquired which has life time validity. MSME registration online has increased the outreach of this program.

Documents required For MSME Registration:

1.) Business Address Proof

For self owned properties: lease, property tax, possession letter or allotment letter must be provided.

For rented properties: Rent receipt and NOC from the land owner must be provided along with utility bills or any document to prove the landlord's ownership of the property.

2.) Partnership Deed/ Memorandum of Association and Articles of Association must be provided if the business is a partnership firm. Memorandum of Association(MoA) and Articles of association(AoA) is to be submitted if the business is run by a company.

3.) Sale Bill and Purchase bill(copies)

4.) Licenses and bills of machinery acquired(copies)

Why are MSME Online Registartion important?

MSME Online forms the engine of the Indian economy with a significantly large GDP contribution. The sector produces goods and services worth over 20 lakh crore providing to millions of people a better standard of living, reducing unemployment and poverty. The sector provides employment to 60 million people via 28+ million enterprises.

MSMEs constitute more than 90% of total enterprises and have proven to be resilient in times of hardship and recession with its innovation.

In all, the government of India's effort to provide benefits and concessions to MSME along with helping people with msme online registration facilities reduces the hassles and improves delivery of good governance and a better India.

 

    What is Udyog Aadhar?

    A couple of years ago, the government launched a scheme called Aadhar in India, in an effort to give people an identity based on their biometrics.

    It has today become one of the most important IDs in India, as almost everything we do in our country is now linked to the biometrics, without which, running everyday life is going to be rather cumbersome and downright difficult.

    For those who are not familiar with Aadhar, it is a scheme where everyone in India is allotted a unique number based on their fingerprints and iris scans.

    The unique nature of these biometric identifiers is thought to be a way to distinctly identify people from one another in the country.

    In the same manner that people have been allotted Aadhar, the government has started a similar scheme for companies as well.

    To begin with, Udyog Aadhar is a government facility that provides your company with a 12 digit Unique ID and by which your company becomes a legal entity.

    The Udyog Aadhar website is the official website for MSME Registration. Udyog Aadhar registration provides this facility to MSME and startups.

    What are the benefits of Udyog Aadhar?

    The government of India provides benefits to promote MSME's via the MSMED Act of 2006. The benefits are as follows:

    • Lower rate of interest and easy sanctions of bank loans
    • Credit Guarantee scheme
    • Exemption under direct tax laws
    • Interest on Delayed Payments Act
    • Excise exemption
    • Credit facilities, industrial extension support and services
    • Assistance in marketing and construction of industries in poorly developed areas.
    • Udyog Aadhar registration procedure:

    The next thing that would be on your mind would be the way in which to register a company with Udyog Aadhar.

    The process of doing so is fairly simple. Its details are as given below. The owner of an enterprise can fill a form online or offline which is free.

    Documents and information required are:

    • Name of the owner
    • Aadhar number – The 12 digit number issued
    • If needed, social category certificate.
    • Postal Address along with mobile and email address
    • PAN number
    • Industry name
    • Bank details
    • National Industrial Classification(NIC) Code
    • If needed: Details of District Industry Center (DIC) closest to the business.

    After the above mentioned documents are submitted to the appropriate authorities and the application gets approved, you will get the registration number.

    It should be noted here that a single applicant can have more than one enterprise and each of them can be registered under separate Udyog Aadhar but with same Aadhar number.

    A significant portion of enterprises in India are not registered due to the paperwork needed that can be very cumbersome.

    This resulted in a large number of enterprises unable to utilize government schemes, incentives and benefits. Udyog Aadhar was notified in September of 2015 to increase the ease of registration and cast a wider net of coverage to help people avail several benefits.

    As a whole, it can be summed up that the Udyog aadhar registration and its organizations have the potential to help government in its efforts to modernize India.

    Through this and other such schemes, the country can experience a greater thrust in the spheres of entrepreneurship, increase standard of living and decrease poverty, thereby allowing India to become a rich and prosperous society.

     

     

    An Introduction to SSI (SMALL SCALE INDUSTRIES)

     

     

     

    The economy is one of the most important things of any society. It is what helps people to attain a good standard of living and ensure that they are able to live a life of abundance and comfort.

    In this economy, one can find a mix of different business entities playing unique rolls in keeping the country progressing. One of the most important sectors of the economy is that of the SSI or Small Scale and Ancillary Units, which play a very important role in job creation and industrialization.

    They are the foundation of any economy, as most businesses in just about any country are essentially small-scale, as opposed to being large corporations.

    To begin with, let’s get a better understanding about what are SSIs.

    Small Scale and ancillary units (SSI) are businesses that have an investment in plant and machinery of less than 10 million rupees (1 crore).

    The ownership of SSI units can be one individual or many in partnership. However, it is usually run by an active partner and the rest being sleeping partners. These industries are labor intensive in areas of a large supply of labor with lower capital. In contrast, larger corporations hire people from everywhere to boost revenue numbers.

    Small scale industries hire locally and help the local economy grow with the area of operation catering to local or regional demand. The lack of high capital forces the industry to confine itself regionally.

    Also, they are crucial to solving the unemployment problem in regional areas, increasing their standard of living, removing economic backwardness and create more opportunities for people with small investments.

    For this reason, the Government of India provides benefits to people who seek SSI registration with the Director of Industries of their State government.

    The benefits of SSI registration include:

    • Priority Sector Lending
    • Differential rates of interest
    • Excise Exemption Scheme
    • Exemption under Direct Tax Laws
    • Reservation and the interest of Delayed Payments Act (Statutory support).

    Objectives of the Registration scheme is to find out and keep a list of small industries to which the Government can better target and focus their support and provide incentives.

    It also helps in maintaining statistics and provides a certificate enabling the units to avail statutory benefits mainly in terms of protection.

    It is important to note that registration is not compulsory but voluntary. SSI online registration is available.

    There are two types of small scale industries registration:

    1.) Provisional registration certificate (PRC):

    The provisional registration certificate is given during the pre-operative period and helps the unit acquire loans and working capital from various financial institutions and banks under priority sector lending.

    It also helps in obtaining facilities necessary for accommodation, land and various NOCs and clearances from regulatory bodies.

    2.) Permanent registration certificate:

    The Permanent registration certificate provides Income - Tax exemption and Sales Tax exemption according to state government policy. They can also avail incentives and concessions in power tariff, purchase preference for goods produced. The registration of tiny units must be renewed after 5 years.

    If the criteria for small scale industries registration are met, a Unit can apply for Provisional Registration certificate for any item that does not require industrial license (Schedule-III items). However units employing less than 50 to 100 workers can apply for registration even for items included in Schedule-II. The PRC is issued without a need for a field enquiry and is valid for five years. In the event that the entrepreneur cannot successfully set up the unit in this period, he/she can apply afresh at the end of the five year period.

    The unit must apply for permanent registration when production starts.

    The Basis of Evaluation

    The way these industries are evaluated are on the basis of the below qualities:

    • The small industry has acquired all clearances (statutory or administrative) like drug license under drug control order, NOC from pollution control board (if required), etc.
    • The unit does not violate any regional laws in force at the time of evaluation.
    • The value of plant and machinery does not exceed the prescribed limits.
    • The unit is not owned, controlled or a subsidiary of any other industrial undertaking.

    In all, it can be summed up that the government of India has taken great strides to give people opportunities and help ease the problem of unemployment and increase the standard of living in local communities.

    SSI online registration and other online facilities make it easy for people to run their businesses, in turn helping to unleash a new and developed modern India.

    ~*~*~