Online MSME Registration Process In India

For enterprise, the MSME (Micro, Small, and Medium Enterprises) registration process in India is an easy and beneficial process. It involves a simple online registration through the Udyam Registration portal, requiring basic business details. This registration is important in order to get government subsidies, support, and other benefits intended to promote the expansion of small and medium-sized businesses throughout the nation.

What do you mean by MSME Registration ?

The Indian government has always been very welcoming and supportive towards the growth of micro, small and medium-sized enterprises as these are considered as the backbone of the Indian economy. In order to boost the growth of these enterprises, the government introduced MSMED Act in 2007 which encourages development through various incentives, schemes, and subsidies. An enterprise needs to have an MSME registration in order to avail various benefits from governments and banks under the MSMED act.

The amendment of the MSMED Act where the enterprises are classified based on their annual turnover has enhanced the ascertaining procedure for authorities while handing out the benefits and has increased the ease of doing business. Though MSME registration is not statutory, however, it is recommended because of the perks.

Registration under MSME qualifies the enterprise to avail lower interest rates, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies, and other benefits. Jain Divya & Associates can guide and help you to register your business for MSME enabling you to receive maximum benefits.

Documents Required for MSME Registration Process in India

• Aadhaar card of the applicant
• Address Proof of the Business
• Copies of Sale Bill and Purchase Bill
• Partnership Deed (in case of partnership firm)
• Firm registration certificate
• Memorandum of Association (MOA) and Articles of Association (AOA) (in case of company)
• Copy of resolution passed in general meeting
• Copy of board resolution authorizing a director to sign the MSME application
• Copy of Licenses and Bills of Machinery Purchased

How CA Divya helps in MSME Registration Process

With in-depth knowledge of the financial workings of MSMEs and governmental requirements, Jain Divya & Associates can help you get MSME registration in 15-20 days, subject to government processing.

• With financial expertise, we help you prepare the MSME application along with all the necessary documents.
• Once the application and documents are prepared and submitted for MSME registration, the MSME official may raise some queries and ask for additional documents. We help you respond in such cases.
• As the verification is complete, the MSME registration certificate or Udyog Aadhaar is generated.

Criteria for MSME Registration

With the right guidance and extensive knowledge about the MSMED act, your business can obtain a plethora of benefits, hence helping you climb the stairs of success. Get in touch with Jain Divya & Associates to discuss further detail about MSME registration.

MSME Registration Benefits

• MSME registration offers the advantage of a One Time Settlement Fee for any outstanding amounts, providing a more favorable resolution for non-paid dues.
• MSME registration opens doors to more affordable loans with interest rates as low as 1.5%, fostering financial assistance and growth for registered businesses.
• MSME registration provides access to specialized dispute resolution mechanisms, including MSME tribunals, streamlining conflict resolution processes.
• Registered MSMEs are eligible for various government subsidies, tax benefits, and incentives, enhancing the overall financial viability of the business.