UDYOG AADHAR : How To Register For MSME In India ?

What is MSME (Micro, Small and Medium Enterprises)?

The Ministry of Micro, Small and Medium Enterprises is the executive body for the formulation and preliminary management of rules, regulations and laws relating to different scales of enterprises across India. Nitin Gadkari is the minister of micro, small and medium enterprises.

The Micro, Small and Medium Enterprises Entity wants to register their Enterprises they have to follow certain Procedure and some required documents.

Types Of MSME

It is applicable for both Manufacturing Industry and Services Providers.

• Micro Enterprises - A business operating on a very small scale especially in developing countries that is supported by microcredit and its Investment is less than Rs. 1Cr. and Turnover also less than Rs.5 Cr.                                                               
• Small  Enterprises - It generally consists of privately owned corporations, partnerships and sole proprietors with fewer employees. Investment less than Rs.10Cr. and Turnover less than Rs. 50Cr are considered revenue than a regular-sized business.                                                                                                  
• Medium Enterprises - Medium enterprise businesses whose personnel number fall below certain limits.Investment less than Rs.20Cr and Turnover less than Rs. 100Cr.

The government of India has an official website "Udyog Aadhaar " for MSME Registration. There were lots of benefit for enterprises registration like a higher preference for a government license, easy access credit, various tax rebate offered, MAT ( Minimum Alternate Tax ) can be forward up to 15 yrs instead of 10 yrs and due to scheme bank loan also become cheaper around 1 to 1.5℅.

So, chart represents the revised criteria on which basis we can categories The Micro, Small and Medium Enterprises . It was recently revised by the Government of India rather than the existing one.

Required Documents For Registration As MSME Enterprises

The owner has to submit these document 

• Business Address Proof 
• Copies of Sale Bill and Purchased Bill
• Partnership Deed, MOA (Memorandum of Association) and AOA (Article of Association)
• Copies of License and Bills of Machinery Purchased.

Step-by-Step Procedure For MSME Registration

These are certain procedures to followed by an Entity to Register his Enterprise

• The single form has to be filled by Micro, Small, and Medium level Owner, it is available Online or Offline also.
• Required the following documents to attach: Aadhar Card, Enterprise Address, Industry Name, Bank Details, etc.
• A person can also attach Self-Certified Certificates.
• After filling all details you get a Registration Number. 
• There are no fees required for registering their Enterprise. 

All these following procedures are done by a Micro, Small, and Medium Scale Owner to Register his Enterprise.

Udyog Aadhar Official Portal 

This website is owned and operated by a Private Consultancy Organization and is not associated with The Minister of Micro,   Small, and Medium Enterprise. Websites are for both manufacturing and Service Industry Registration.

You can visit official website for registration MSME Enterprises 

MSME Loan Scheme

MSME loan is to provide at  15% interest rate onwards and loan tenure is up to 3 years. If I talk about the eligibility criteria the Enterprise Turnover should be less than Rs. 90000 for 3 years. The loan is to be provided by the Government of India from Rs.50000 to up to Rs.2Cr. 

To start own Enterprises by getting a loan from MSME Scheme. Entity has to meet up Criteria as per MSME Scheme. Manufacturing and Service Enterprises both are entitled to register their Enterprises in "Udyog Aadhar" Official Website. Aatm Nirbhar Bharat slogan raised to start their enterprises on micro, small and medium scale enterprises.