{"id":843,"date":"2019-10-31T07:00:54","date_gmt":"2019-10-31T07:00:54","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=843"},"modified":"2021-03-23T14:02:39","modified_gmt":"2021-03-23T08:32:39","slug":"register-under-micro-small-and-medium-enterprises-in-india","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/","title":{"rendered":"How to Register under Micro Small and Medium Enterprises in India?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Registration under the Micro Small and Medium Enterprises opens a new horizon of opportunities for registered entities. Also, you can benefit from numerous schemes launched by the Government of India regularly by registering under MSME. In this article, we are going to learn how you can get this registration and how to get the maximum advantage of government schemes. &nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#What_is_Micro_Small_and_Medium_Enterprises\" >What is Micro Small and Medium Enterprises?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#What_are_the_Benefits_of_MSME_Registration\" >What are the Benefits of MSME Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#Who_can_apply_for_MSME_Registration\" >Who can apply for MSME Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#Is_MSME_Registration_Mandatory\" >Is MSME Registration Mandatory?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#MSME_Registration_Procedure\" >MSME Registration Procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#Documents_Required_for_MSME_Registration\" >Documents Required for MSME Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#Few_MSME_schemes_as_launched_by_the_Government_are\" >Few MSME\nschemes as launched by the Government are:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#Can_you_register_under_MSME_if_you_dont_have_an_Aadhaar_Card\" >Can you register under MSME if you don\u2019t have an Aadhaar\nCard?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/register-under-micro-small-and-medium-enterprises-in-india\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_Micro_Small_and_Medium_Enterprises\"><\/span>What is Micro Small and Medium Enterprises?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Micro Small and Medium Enterprises are industries working on micro, small and medium scale investments. These industries are majorly based in village areas with minimum capital investment. Also, as per the Micro Small and Medium Enterprises Development Act, 2006 the MSMEs are classified into two categories:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Manufacturing Enterprises<\/h3>\n\n\n\n<p>Industries engaged in manufacturing or producing goods pertaining to any group of industries specified in the Schedule of the Industries {Development and Regulation} Act, 1951. Additionally, manufacturing units employing plant and machinery in the process of value addition to the final product having a distinct name, character or use. The manufacturing industries are defined in terms of investment in equipment and machinery. &nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>SERVICES ENTERPRISES<\/strong>:  The industries engaged in providing services to other sectors are categorized as service enterprises. These industries are defined in terms of investment in equipment. <\/p>\n\n\n\n<table class=\"table table-bordered\"><thead><tr><th>Existing MSME Classification<\/th><\/tr><\/thead><tbody><tr><td>Sector<\/td><td>Criteria<\/td><td>Micro<\/td><td>Small<\/td><td>Medium<\/td><\/tr><tr><td>Manufacturing<\/td><td>Investment              <\/td><td>&lt; Rs.25 lakh              <\/td><td>&lt; Rs.5 crore  <\/td><td>&lt; Rs.10 crore        <\/td><\/tr><tr><td>Services<\/td><td>Investment<\/td><td>&lt; Rs.10 lakh<\/td><td>&lt; Rs.2 crore        <\/td><td>&lt; Rs.5 cror e<\/td><\/tr><\/tbody><\/table>\n\n\n\n<p>Now,  the government has revised the MSME classification under the&nbsp;Aatmanirbhar Bharat Abhiyan(ABA),  by adding combined criteria of both the investment and annual turnover. The previous difference between the manufacturing and the services sectors under the MSME is now removed. The removal shall create uniformity between the sectors. The revised MSME classification is given below and the investment and annual turnover, both are considered for determining an MSME.<\/p>\n\n\n\n<table class=\"table table-bordered\"><thead><tr><th>Revised MSME Classification<\/th><\/tr><\/thead><tbody><tr><td>Criteria<\/td><td>Micro<\/td><td>Small<\/td><td>Medium*<\/td><\/tr><tr><td>Investment &amp; Annual Turnover              <\/td><td>&lt; Rs.1 crore &amp; &lt; Rs.5 crore               <\/td><td>&lt; Rs.10 crore &amp; &lt; Rs.50 crore                  <\/td><td>&lt; Rs.50 crore &amp; &lt; Rs.250 crore                <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Benefits_of_MSME_Registration\"><\/span>What are the Benefits of MSME Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The following are the benefits of registering under the Micro Small and Medium Enterprises:<\/em><\/strong><\/p>\n\n\n\n<ul><li>The entities holding an <a href=\"https:\/\/corpbiz.io\/msme-registration\"><strong>MSME Registration<\/strong><\/a> gets loans from banks at a cheaper rate, approximately 1- 1.5%, this is a lot lesser than the usual bank rates.<\/li><li>Various tax rebates are provided to MSMEs.<\/li><li>Also, MSMEs get credit effortlessly from various financial entities<\/li><li>MSMEs are permitted to carry forward the credit for Minimum Alternate Tax {MAT} up to 15 years, which in the general case is ten years.<\/li><li>Moreover, there are various tenders available only to MSME Industries.<\/li><li>Additionally, registered MSMEs are preferred more than entities not holding the registration<\/li><li>Companies holding an MSME Certificate have superior opportunities for growth as they get a direct entry in major national\/ international trade fairs and similar other opportunities.<\/li><li>MSME Certificate is also helpful for opening a bank account<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_apply_for_MSME_Registration\"><\/span>Who can apply for MSME Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Micro Small and Medium-scale enterprises can apply for&nbsp;MSME Registration. Apart from small scale enterprises, limited liability partnerships, private companies, OPCs, proprietary firms and public companies having the turnover within the specified limits can also apply for MSME Registration.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_MSME_Registration_Mandatory\"><\/span>Is MSME Registration Mandatory?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>No, it is\nnot mandatory to obtain MSME Registration. On the other hand, obtaining the\nregistration under the Micro Small and Medium Enterprises can help you take\nadvantage of various schemes launched by the Indian Government in favour of\nMSME from time to time.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MSME_Registration_Procedure\"><\/span>MSME Registration Procedure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Follow the given steps to register your entity under the Micro Small and\nMedium Enterprises;<\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Fill the MSME Form:<\/h3>\n\n\n\n<p>The registration for MSME is to be made\nthrough the government portal of&nbsp;udyam registration. There are two categories under which\nthe registration of MSMEs can be done in the portal which are as given below \u2013<\/p>\n\n\n\n<ul><li>For Entrepreneurs who are new and not yet registered as MSME and<\/li><li>EM-II or UAM- for those having registration and for those having\nregistration as EM-II or UAM via assisted filing<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Prepare all the documents:<\/h3>\n\n\n\n<p>Get\ntogether all the documents required as per the MSME Registration Application\nform.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Filing the MSME Application form:<\/h3>\n\n\n\n<p>Furthermore,\nin the next step, you need to upload all the necessary documents and submit the\napplication to the Registrar of MSME. Then, the concerned authority processes\nand verifies the authenticity of the documents provided by you.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Application approval &amp; Certificate issuance:<\/h3>\n\n\n\n<p>After the\nsuccessful verification of all your credentials, your entity will get\nregistered under the MSME.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_for_MSME_Registration\"><\/span>Documents Required for MSME Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>Following are the list of documents and other details that you need to\nprovide as per the application form for obtaining MSME Registration;<\/em><\/strong><\/p>\n\n\n\n<ul><li>Social category- specify, whether the applicant belongs to the General, SC, ST, or OBC category<\/li><li>Aadhaar Card<\/li><li>Owner\u2019s name \u2013 it should be strict as per the Aadhar Card of the applicant<\/li><li>Gender of the applicant<\/li><li>Physical status- whether the applicant is physically disabled or not<\/li><li>Name of the enterprise<\/li><li>Type of enterprise- select from the given list<\/li><li>PAN<\/li><li>Official Address of the unit<\/li><li>Location of the unit<\/li><li>Date of incorporation of the entity<\/li><li>Previous registration details<\/li><li>Bank details of the applicant<\/li><li>The activity of organization- choose from \u201cManufacturing\u201d or \u201cService\u201d<\/li><li>NIC Code<\/li><li>Employment information- the total number of employees working in the applicant\u2019s organization<\/li><li>Investment details in plant and machinery<\/li><li>Any other relevant document\/ detail <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Few_MSME_schemes_as_launched_by_the_Government_are\"><\/span>Few MSME\nschemes as launched by the Government are:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Grievance Monitoring System:<\/strong><\/p>\n\n\n\n<p>This\nscheme was in terms of receiving the complaints\nof the business owners.\nHence, registering under this scheme is beneficial as the business owners\ncan check their complaint status and open\nif the outcome doesn\u2019t\nsatisfy them.<\/p>\n\n\n\n<p><strong>Technology and Quality Upgradation Scheme:<\/strong><\/p>\n\n\n\n<p>To use <strong>energy efficient technologies (EETs<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Efficient_energy_use\"><strong>[1]<\/strong><\/a><\/sup><strong>)<\/strong> in manufacturing units was the purpose to introduce this scheme. Registration under in this scheme will help the micro, small and medium enterprises to decrease the cost of production and implement a mechanism for clean development.<\/p>\n\n\n\n<p><strong>Credit Linked Capital Subsidy Scheme:<\/strong><\/p>\n\n\n\n<p>Under this scheme, the business\nowners are provided with new\ntechnology to replace the\nobsolete and old\ntechnology. A capital subsidy is provided to the businesses to improve and have better means to deal with their business. These MSME enterprises can directly visit the\nbanks for availing\nthese subsidies.<\/p>\n\n\n\n<p><strong>Incubation:<\/strong> The objective of this scheme is to help the innovators with the execution of the new ideas, design or products. This scheme shall financially assist for setting \u2018Business Incubators\u2019.  <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Can_you_register_under_MSME_if_you_dont_have_an_Aadhaar_Card\"><\/span>Can you register under MSME if you don\u2019t have an Aadhaar\nCard?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Applicants\nnot having an Aadhaar card need to apply for Aadhaar enrolment as per Section 3\nof the Aadhaar Act. Additionally, for obtaining an Aadhaar Card, the applicant\ncan visit any Aadhaar enrolment centre to get enrolled for Aadhaar.<\/p>\n\n\n\n<p>Furthermore,\nit is provided by the time the applicant receives his Aadhaar, UAM Registration\ncan be filed by the concerning DIC\/ MSME- DI on behalf of the firm of the applicant.\nAlso, the following documents should be provided as a viable means of\nidentification;<\/p>\n\n\n\n<ul><li>ID Slip of Aadhaar enrolment in case the applicant has applied for Aadhaar enrolment<\/li><li>Furthermore, a copy of the application\/ request made for Aadhaar enrolment<\/li><li>Also, any of the documents given below;<ul><li>Bank photo passbook<\/li><li>Voter ID<\/li><li>Passport<\/li><li>Driving License<\/li><li>PAN Card<\/li><li>Employee photo ID card issued by government<\/li><\/ul><\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Ministry of Micro Small and Medium Enterprises is the apex body of the Government of India for the formulation and administration of rules and regulations relating to&nbsp;Micro Small and Medium Enterprises in India. MSME Sector in India is a leading producer of small scale industry products in the global market. It can emerge as a top in the industry if given proper attention to it.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/is-msme-and-ssi-the-same-an-overview\/\">Is MSME and SSI the Same: An Overview\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Registration under the Micro Small and Medium Enterprises opens a new horizon of opportunities for registered entities. Also, you can benefit from numerous schemes launched by the Government of India regularly by registering under MSME. In this article, we are going to learn how you can get this registration and how to get the maximum [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":911,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[176],"tags":[147],"acf":{"service_id":"71"},"authorName":"Tanya Verma","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/10\/IMG-20190703-WA0001__01-150x150.jpg","authorDescription":"Tanya is working as writer &amp; editor from past 2 years with experience in covering startup and technology related topics.","postViews":65193,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/843"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=843"}],"version-history":[{"count":43,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/843\/revisions"}],"predecessor-version":[{"id":28018,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/843\/revisions\/28018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/911"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}