Udyam Registration (MSME)

Get Udyam License in just ₹ 1000/- (All inclusive)

 

For manufacturers and service providers

 

Various Government Relaxations

 

Simple & Secure Online Process

 

Dedicated Professional

 

Hassle Free Process

 

Get MSME in 2-3 days

 

Introduction

According to Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified into two categories:

Manufacturing Enterprises: Manufacturing Enterprises are those enterprises which engaged in the manufacture or production of goods. The Manufacturing Enterprise is defined in terms of investment in Plant & Machinery.

Service Enterprises: The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.

Legal Window will provide you all the necessary services under one roof and provide all registration you require and also guide for other compliances. You may get in touch with our team on 072407-51000 or email admin@legalwindow.in for MSME registration.

Advantages of Udyam Registration (MSME)

Timely payments
 of Dues

MSME Enterprises can avail the benefit under this scheme when the buyer does not make the payment as per the agreement or in case of no specific agreement in 45 days, then the buyer is liable to make the payment with 3 times of interest as prescribed by RBI.

Subsidy on IP
Registration

A hefty 50% subsidy is given to the Enterprise that has the certificate of registration granted by MSME. This subsidy can be availed for trademark/patent registration by giving application to respective ministry.


Borrowings are 
Collateral free

Credit Guarantee Fund Scheme for MSME are both term loans and working capital facility up to Rs.100 lakh per borrowing unit, which is provided without any collateral security or third party guarantee.


Capital and other grants for infrastructure development

Since MSMEs is a sector generating employment and giving entrepreneurial ventures a boost, the government also identifies training sectors for MSME and gives capital grants for improvisation of the infrastructure and support for entrepreneurial development.

Eligibility criteria

ClassificationInvestment in plant and machinery and equipmentTurnover
Micro enterpriseNot more than INR 1 CroreNot more than INR 5 Crore
Small enterpriseNot more than INR 10 CroreNot more than INR 50 Crore
Medium enterpriseNot more than INR 50 CroreNot more than INR 250 Crore

Documents Required

Adhaar Card of Individual/Authorized Signatory

PAN Card of Entity

GSTN, if any.

Cancelled Cheque

Process of Udyam Registration (MSME)

Step 1

Fill the simple questionnaire provided by our team.

Step 2

Provide all documents as mention above with the questionnaire.

Step 3

We will further apply for Udyam registration of your Entity

Step 4

Once your business gets registered under MSME Act 2006 we will provide you the Registration certificate by email.

MSME schemes launched by the Government

Bank Loan at Cheap rates: MSME can avail loans from banks at minimal rates.

ISO Expenses Reimbursement: MSME also gets reimbursement of 75% of the certification expenses on ISO Quality Management Systems (QMS)/ISO 9001 and /or Environment Management Systems (EMS)/ ISO14001and / or Food Safety Systems (HACCP) Certification upto a maximim limit of Rs. 75000.

Performance & Credit Rating Scheme: Under this scheme the strength and weaknesses of the enterprises of their existing operations are given by trusted third parties, so that they can avail loans at cheaper rates. The rating fee is also subsidized for the first year upto 75% or 40,000 whichever is less.

Concession in Electricity Bills: MSME can avail this benefit by making an application to Electricity Board.

FAQs on Udyam Registration

Is registration under MSME is compulsory?

No, MSME registration is not a compulsory registration it is totally voluntary. Generally the Businessmen and entrepreneurs who want to utilize the benefits offered under MSME can take the registration.

For how long is an MSME Registration Certificate valid?

The validation for MSME Registration Certificate is lifetime, although if there is any change in investment the categories will change.

How does SSI/MSME help me get a loan from a bank?

MSMEs are recognized by all the institutions and banks. Government offer many Special schemes to the industry registered under MSME. Banks prefer to give loan to those Industries which are registered in MSME Act instead of giving loan to normal enterprises.

Which bank is best for MSME loan?

MSME loan can be provided by a bank or a Non-Banking Financial Company (NBFC) it could be a normal term loan or a line of credit. Banks like Bank of Baroda, IDBI and NBFCs like Bajaj Finserv, Tata Capital, where you get loan for your MSME Industry.

Is MSME registration and Udyam Registration is same?

Yes, MSME registration and Udyam Registration are one and the same.

Who all can apply for Udyam Registration?

Almost every type of business entity can obtain Udyam Registration, whether it is Hindu Undivided Family, Proprietorship, one-person company, Partnership Firm, Production Company, limited company, private limited company, limited liability partnership, co-operative societies or any association of persons or any other undertaking.

Can I open current account using Udyam Registration?

Yes, the Udyam Registration can be used to get current Bank Account opened. Udyam Registration is treated as a Business registration certificate for Micro, Small and Medium Enterprises. The Small and Medium firm who have Udyam Registration can apply for current Bank account along with any other registration certificate.

What is the benefit of Udyam Registration?

After getting registered with MSME, your business will be eligible for availing government scheme benefits under MSMED Act 2006 which includes loans without guarantee, low-interest rates on loan, and easy loan, subsidies and different training programs.

Can we make any updation in details of MSME Certificate?

Yes, there is an option available to modify the details mentioned in MSME Certificate.

I have lost my earlier MSME Certificate, How can I restore it back?

Yes, the MSME Certificate can be restored. You can contact Legal Window team for restoration of the Certificate.

Can a trader register for MSME?

No, traders are not eligible to get registration under MSME.

MSME covers manufacturing and services industries only.