MSME Registration

What is MSME Registration ?

MSME (Micro, Small, and Medium Enterprises) are crucial contributors to India's economy, comprising businesses with varying scales that play a pivotal role in industrial development.

  • Importance of MSME : Micro, Small, and Medium Enterprises (MSMEs) are vital for socio-economic development in India.
  • Registration Requirement : To access Ministry benefits, businesses must register under the MSMED Act.
  • Economic Contribution : MSMEs contribute significantly, constituting 95% of industrial units and employing 45% of the workforce.
  • Industrial Impact : MSMEs manufacture over 6000 products, serving as a cornerstone in India's industrial landscape.
  • Backbone of Economy : Small-scale industries (SSIs) are the backbone, driving growth and fostering economic prosperity.

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MSME-Types and Classification

Under the Micro, Small, and Medium Enterprises Development Act of 2006, MSMEs are classified into two main types. Manufacturing Enterprises are those engaged in the production of goods, with further classification based on their investment in plant and machinery. On the other hand, Service Enterprises provide services and are classified based on their investment in equipment.

  • Manufacturing Enterprise :
    These entities are engaged in the manufacturing/production of goods within the industry and further categorized based on their investment in plant and machinery or equipment.
  • Service Enterprises :
    Service entities, classified by investment in equipment or assets, offer various services. Different categories streamline their identification and contribute to the business landscape.
  • For MSME Online Registration :
    Apply effortlessly for new or renewed MSME registration on PSD Filings. Streamlined procedures are available online for MSME registration in Tamil Nadu or any state across India.
  • A step-by-step guide to New Registration for MSMEs

    Obtaining an MSME Registration Certificate is a crucial step for businesses looking to leverage the benefits provided by the Ministry of Micro, Small & Medium Enterprises. Here is a step-by-step guide on how to obtain your MSME Registration Certificate. By following these steps, businesses can navigate the MSME registration process efficiently and unlock a range of advantages aimed at fostering the growth and development of the Micro, Small, and Medium Enterprise sector.

    Registration for New Entrepreneurs or Unregistered Entities

    Entrepreneurs holding EM-II or those unregistered can effortlessly initiate the MSME registration process for new businesses on PSD Filings' user-friendly platform.

    Registration for Existing Udyog Aadhar Memorandum (UAM) Holders

    Individuals with Udyog Aadhar Memorandum (UAM) or UAM acquired through Assisted Filing can proceed with the registration

    Application for New Enterprises

    For new enterprises not registered as MSMEs, visit the official website and click on 'For New Enterprises who are not Registered yet as MSME or those with EM-II

    Provide Aadhaar Number and Business Owner Details

    Register new MSMEs easily: Fill the form with Aadhaar number and the business owner/entrepreneur's name on PSD Filings.

    OTP Generation

    Click on 'Validate and Generate OTP' to receive a One-Time Password (OTP) on the mobile number linked to the Aadhaar card.

    PAN Verification

    Enter 'Type of Organization' and PAN details in the PAN verification page. The portal validates PAN details from the Income Tax Portal or government database.

    Udyam Registration Form

    Upon successful PAN verification, an Udyam Registration form will appear. Fill in details like mobile number, email address, plant information, turnover, and the number of employees.

    Final Submission

    Complete details, click 'Submit and Get Final OTP' for MSME New Registration. Receive an automatic confirmation message with a reference number.

    Certificate Issuance

    Upon verification of provided details, the MSME authority will issue a registration certificate for new MSMEs, ensuring a smooth process.

    Advantages of Registering for MSME Online in India

    Registering for MSME online in India offers numerous advantages for businesses. The MSME Registration Certificate provides benefits such as eligibility for government schemes, access to financial support, and preferential treatment in various aspects.

    Lower Interest Rates On Loans

    • MSMEs enjoy significantly lower interest rates on loans, making bank loans more affordable, typically around 1 to 1.5%, after obtaining Udyog Aadhar New Registration in India.

    Access To Government Tenders

    • Registered MSMEs have enhanced opportunities to secure government contracts and tenders, as various opportunities are specifically designated for the MSME sector.

    MAT Credit

    • Registered MSMEs can avail themselves of credit for Minimum Alternate Tax (MAT), which can be carried forward for up to 15 years, providing tax-saving benefits and opportunities for reinvestment.

    Easy Access To Loans And Credit

    • MSMEs benefit from simplified access to loans and credit, ensuring they have the necessary funding for their business operations.

    Concessions And Reimbursements

    • Registered MSMEs can avail themselves of various concessions and reimbursements, reducing the cost of establishing a business unit or obtaining necessary certifications.

    Government Certification And License Process

    • MSMEs registered under Udyog Aadhar receive preferential treatment in government certification and license processes, facilitating smoother navigation of regulatory requirements