Ministry of Micro, Small Medium Enterprises (MSME)
An Enterprise shall be classified as a micro, small or medium enterprise on the basis of the following
criteria, namely
(i) a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
(ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
(iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates or proof.
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Who can apply for MSME Registration/Udyam Registration.?
MSME and Udyam Registration can be obtained by any type of business entity or individual, proprietorship, HUF, Partnership firms, One Person Company, Limited Liability partnership, Private and Public Company, producer Company, any association of persons, Co-operative societies, or any other undertaking can obtain MSME
- The bank loans become cheaper as the interest rate is very low around ~ 8%-9%. Much lower
than interest on regular loans. - MSME loan (Collateral Free) upto 2 Crores under
- It also allowed credit of MAT to be carried forward upto 15 years instead of 10 years
- Subsidiary on Patent Registration/ Trade Mark Registration
- Overdraft Interest rate Exemption of 1% on the overdraft
- Industrial Promotion Subsidiary
- Protection against payments (Delayed payments)
- MSME Registered entity are entitled to concession in Electricity Bills
- ISO Certificate Charges Reimbursement
- The form for registration shall be as provided in the Udyam Registration portal.
- There will be no fee for filing Udyam Registration.
- Aadhaar number shall be required for Udyam Registration.
- The Aadhaar number shall be of the proprietor in the case of a proprietorship firm, of the
managing partner in the case of a partnership firm and of a karta in the case of a Hindu
UndividedFamily (HUF). - In case of a Company or a Limited Liability Partnership or a Cooperative Society or a Society
or a Trust, the organisation or its authorised signatory shall provide its GSTIN and PAN along
with its Aadhaar number. - In case an enterprise is duly registered as an Udyam with PAN, any deficiency of information
for previous years when it did not have PAN shall be filled up on self-declaration basis. - No enterprise shall file more than one Udyam Registration:Provided that any number of
activities including manufacturing or service or both may be specified or added in one Udyam
Registration - Whoever intentionally misrepresents or attempts to suppress the self-declared facts and
figures appearing in the Udyam Registration or updation process shall be liable to such
penalty as specified under section 27 of the Act.
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