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MSME Registration

Do you wander door to door of banks for getting loans for your Small Business? Get your SSI/MSME Registration done today and never struggle for finance related problems again!

Package Inclusion

  • Verification of data
  • Connect with the vendors
  • License Receipt
  • MSME Registration
  • Application drafting for MSME Registration

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What is MSME Registration?

The Small Scale Industries (SSI) and the Micro, Small, and Medium Enterprises (MSME) can apply for MSME registration under the MSMED Act. This is not mandatory; however, businesses with MSME Registration become eligible for numerous benefits provided by the Government under the MSMED Act.

Example of such benefits includes exemption from direct tax and excise duties, private-sector lending, capital investment subsidies, and power tariff subsidies.

MSME plays a crucial role in the growth and development of any economy. MSMEs are considered as the backbone of economy, and as per the Micro, Small and Medium Enterprise Development (MSMED) Act, 2006, enacted by the government, MSME are of two types:

  • Service Enterprise

  • Manufacturing Enterprise

What is SSI/ MSME?

The MSMEs are classified into two categories:

  • Manufacturing Enterprises

    Industry involved in manufacturing activities

  • Service Enterprises

    Industry mainly involved in providing services to other industries.

    In 2006, the Government of India enacted the Micro, Small and Medium Enterprises Development Act (MSMED Act) to strengthen the Small Scale Sector in India. As per this Act, the definition of Micro, Small and Medium Enterprises are as follows:

Micro-Enterprise

Type of industries

Type of Investment

Investment amount

Manufacturing Sector

In-plant and machinery

< Rs. 25 Lakhs

Service Sector

In-plant and machinery

< Rs. 10 Lakhs

These micro-enterprises have an investment of less than Rs. 25 lakh in the plant and machinery for entities involved in manufacturing activities. Whereas, the micro-enterprises involved in the service sector must have an investment of less than Rs. 10 lakh in plant and machinery.

Small Enterprises

Type of Industries

Type of Investment

Investment Amount

Manufacturing Sector

In-plant and machinery

Rs. 25 Lakhs - 5 Crore

Service Sector

In-plant and machinery

Rs. 10 Lakhs - 2 Crore

The small manufacturing enterprises should have an investment that is between Rs. 25 lakh to Rs. 5 crores in the plant and machinery. And in service sector, the investment limit should be between Rs10 lakh to Rs 2crore for the plant and machinery.

Medium Enterprises

Type of Industries

Type of Investment

Investment Amount

Manufacturing Sector

In-plant and machinery

Rs. 5 Crore - 10 Crore

Service Sector

In plant and machinery

Rs. 2 Crore - 5 Crore

The medium manufacturing enterprises have an investment that is between Rs.5 crores to Rs.10 crores invested in their plant and machinery whereas, the medium service enterprise, has an investment that is between Rs.2 crores to Rs.5 crores.

Eligibility Criteria for MSME Registration in India

To qualify as an MSME, you should have invested in plant and machinery of fewer than 10 crores for a manufacturing enterprise. For service enterprises, the invested amount must not exceed Rs. 5 crores.

At any point of time, if these industries exceed this investment limit, then they should cancel their MSME Registration under the MSMED Act.

Who Can Apply for MSME Registration?

Anyone who successfully fulfils one or multiple of below-mentioned criteria is eligible to apply for MSME registration:

  • You are a part of Hindu Undivided family
  • You have a limited liability partnership
  • You own a partnership firm having another party as your association
  • You are a sole proprietor
  • You are an owner of One Person Company
  • You have a private limited company
  • You own a production company which is actively involved in producing materials
  • You have co-operative societies

Benefits of Online MSME Registration

  • The entities holding an MSME Registration gets loans from banks at a cheaper rate, approximately 1- 1.5% this is much lower than the usual bank rates.
  • Various tax rebates are provided to MSMEs.
  • MSMEs are allowed to carry forward the credit for Minimum Alternate Tax (MAT) up to 15 years, which in general case is 10 years.
  • There are numerous tenders available only to MSME Industries.
  • MSMEs receives credit easily from various financial entities
  • Registered MSMEs have a higher preference
  • Companies holding an MSME Certificate have better opportunities for growth as they get direct entry in major international/ national trade fairs and have better opportunities to show themselves to the world.

Advantages of MSME/SSI Registration

Obtaining MSME Registration certificate is not mandatory for micro, small and medium enterprises in the manufacturing and service sector. But one cannot overlook the fact that getting MSME registration is beneficial for businesses since it provides benefits like:

  • Excise Duty Exemption schemes
  • Lower rate of interest on loan
  • Subsidy tariffs
  • Reservation schemes for manufacturing and service sector
  • Opportunity to present in international trade fairs
  • Tax subsidy
  • Collateral free loans from banks
  • Reimbursement of ISO certification

Importance of MSME Registration for Small-Scale Industries

  • MSME registration is essential for organizations, as it brings clarity and credibility in the functioning of the entity.
  • If you are planning to start an MSME anywhere in the country, then the MSME department authorized by the government of India will help you in the promotion of your enterprise.
  • To avail benefits such as incentives, subsidies and bank loans, MSME registration is mandatory.

Documents Required for MSME Registration

Following are the list of documents and information that you have to provide as per the application form:

  • Aadhar Card
  • Owner’s name- in accordance with the Aadhar Card
  • Social category- whether the applicant belongs to the General, SC, ST, or OBC category
  • Gender
  • Physical status- whether the applicant is physically disabled or not
  • Name of the enterprise
  • Type of enterprise- select from the given list
  • PAN Number
  • Official Address of plant
  • Location of plant
  • Date of incorporation of the entity
  • Previous registration details- if any
  • Bank details
  • The activity of enterprise- choose from "Manufacturing" or "Service."
  • NIC Code
  • Employment information- total number of employees working in the applicant’s organization
  • Investment details in plant and machinery

The Process of MSME/SSI Registration

  • Fill the MSME Form

    First, all the applicants have to fill all the required details in the application form and submit the form to the concerned department. This step can be commenced either online or offline.

  • Prepare all documents

    Gather all the documents required as per the MSME Registration Application form. Generally, this process takes about one to two working days to reach the next step.

  • Filing the MSME Application

    In the next step, you have to upload all the required documents and submit the application to the MSME Registrar. The regulatory authorities process and verify the authenticity of all the documents in another two working days.

  • Application approval and Certificate issuance

    Upon successful verification of all the documents, your company will get registered under the MSME.

Who has the power to issue MSME registration certificate?

MSME registration is done online, and every state owns a separate department for it. District Industries Centre (DIC) is responsible for MSME registration. DIC department has the authority to issue MSME Registration Certificate with the MSME Number.

To get your MSME registration done contact your nearby DIC department.

Why trust Corpbiz for MSME registration?

  • We have a team of qualified and experienced personnel
  • Client satisfaction is our major goal
  • No hidden charges
  • Best services at affordable price
  • End to end assistance

Frequently Asked Questions

MSME stands for Micro, Small & Medium Enterprises defined under the Micro, Small & Medium Enterprises Development Act {MSMED Act}, 2006 depending on the investment made in plant & machinery and equipment of the organization.

MSME Form- 1 is used to file half yearly returns by the Micro, Small and Medium Enterprises (MSME) in the context of their outstanding payments to SME, amount of debt due, reasons for the delay, etc.

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