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MSME Registration

(Udyog Aadhaar)

We will help you get your MSME Registered in just 3 days! *Conditions Apply

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Register Your MSME / Udyam / Udyog Aadhaar With Finodha

Registering a MSME is quick, easy, and affordable can be done online with Finodha in simple steps:

We collect all the basic details

Step 1

We ask you to submit the supporting documents

Step 2

We get you your MSME registration certificate

Step 3

Plans

Plans & Pricing

New MSME Registration

₹393

MSME Registration Applied in just 3 Days

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Easy & Hassle Free Online Process

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Dedicated Expert & Account Manager

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Advisory Session From Experts

Migration from UAM to MSME

₹492

MSME Registration Applied in just 3 Days

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Easy & Hassle Free Online Process

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Dedicated Expert & Account Manager

Z

Advisory Session From Experts

Modification in MSME registration

₹393

MSME Registration Applied in just 3 Days

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Easy & Hassle Free Online Process

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Dedicated Expert & Account Manager

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Advisory Session From Experts

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All Features

MSME (Udyam / SSI) Registration - An Overview

Small-scale businesses play a vital role in improving the economy of any country. To encourage new and existing businesses, the government of India has launched many schemes to help small and medium-scale businesses to sustain and grow. To avail of all of these beneficial schemes, you need to get your MSME registration done. MSME registration is also known as Udyog Aadhaar or SSI registration.

Benefits of MSME Registration

The following are the major benefits given to registered MSMEs under the Micro, Small & Medium Enterprises Development (MSMED) Act:

  • You can get collateral-free loans from banks under the credit guarantee fund scheme for micro and small enterprises (CGS)
  • Some items have been earmarked to be manufactured only by small-scale enterprises
  • Once you get the MSME certificate for your microenterprise, it gets much easier to get licenses, registrations, and approvals for the same. Being able to show your MSME certificate while making these applications will speed up the process
  • You get special consideration for participating in international trade fairs, exhibitions, and buyer-seller meets. You can also hold international seminars and conferences which are in the interest of the MSME sector
  • When you have MSME registration, you get many things done at a subsidised price: barcode registration, NSIC performance and credit ratings, industrial promotion subsidy (IPS) subsidy, ISO certification, electricity bill, and patent registration
  • The interest rate charged by banks for MSME registered enterprises is lower than the normal interest rate
  • To promote technological growth among the micro industries CLCSS scheme was introduced that provides a 15% capital subsidy up to 15 lakhs for the purchase of plant and machinery
  • While applying for a government tender, the ministry of micro, small and medium enterprises gives the following benefits to a microenterprise:
    • Tender sets can be issued free of cost
    • They are exempted from paying the earnest money
    • Security deposit is waived up to a certain monetary limit.

There are many other benefits under the Act and benefits are introduced through annual budgets as well.

Types of MSME Registrations

Provisional MSME Registration

This is given for entities which are yet to begin functioning. With provisional registration the MSME can:

  • Obtain facilities for accommodation, land, etc.
  • Obtain important approvals and NOCs
  • Obtain clearances from regulatory bodies such as the pollution control board and labour regulations
  • Obtain term loans and working capital from financial institutions and banks under priority sector lending.

A PRC (provisional registration certificate) is allotted to new enterprises without any field enquiry and is valid for 5 years.

Permanent MSME Registration

It is given to industrial units that are already functioning. All the benefits available to MSMEs can be availed by them.

The following conditions have to be met for getting a permanent registration:

  • The unit has obtained statutory and administrative clearances as required
  • The unit does not violate any regulation or restriction
  • The value of plant and machinery in the unit does not exceed the prescribed limits
  • There should be proof the enterprise is not owned, a subsidiary of or controlled by another industry.
Documents Required for MSME (Udyam / SSI) Certificate
  • Applicant’s Aadhaar card
  • Applicant’s PAN
  • Bank Details
  • Company PAN (not applicable in the case of a proprietorship firm)
Udyam MSME Registration Eligibility

The entities that fall under the following three categories can apply for MSME registration.

Micro Enterprises

Where the investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.

Small Enterprises

Where the investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.

Medium Enterprises

Where the investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.

Why Finodha?

The MSME Registration process is completely online, so you don’t even have to leave your home to get your entity registered. At Finodha, we complete the registration process within 3 Working days.

Here is why you should choose Finodha for your MSME registration:

Here is why you should choose Finodha’s for your MSME registration:

  • Simple and speedy process
  • Experts will take care of MSME filings
  • You get support throughout the process
  • All your queries will be answered.

With this, you will be well on your way to getting MSME Registration. It is recommended that you consult with the experts and make the finest decision for smoother growth.

FAQs on getting MSME Registration Now & Enjoy the Benefits

Who is eligible for MSME?

To be eligible for registration under MSME, the business should fall under the investment or turnover limits that the government has established. The type of organisation doesn’t matter and you can be an LLP, one-person company, Hindu joint family, etc.

Is it mandatory to register under MSME?

No, registration under MSME is not mandatory. However, it is advised that you get registered because it comes with various benefits that you won’t get otherwise.

What is the validity period of the MSME certificate?

MSME certificates are valid as long as the enterprises are up and functioning. On the other hand, if you are getting a provisional certificate, it is valid only for 5 years.

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

All financial institutions, including the major banks, recognise MSMEs/SSIs and have devised special schemes for them. MSMEs and SSIs are earmarked for priority sector lending and can get loans at lower interest at select banks.

What if I don’t start my business within 5 years of getting provisional registration?

If you haven’t commenced your business within 5 years of getting provisional registration, you have to re-apply for provisional registration. On the other hand, if you commence your business within those 5 years, you can apply for permanent registration.

Is an Aadhaar card mandatory for MSME registration?

Yes, an Aadhaar card is mandatory for MSME registration.

Within how many days I can get the MSME certificate?

You can get your MSME certificate within 5-7 days. Check the above for the timeline.

Is the process completely online?

Yes, the process is 100% online. We will provide you with a dashboard in which you can comfortably do everything.

What is the difference between Udyog Aadhar and MSME?

Udyog Aadhar, SSI and MSME registration are all the same. They are now uniformly called MSME registration.

Can we edit Udyog Aadhar?

Yes, it is possible to edit Udyog Aadhaar. You can do so through the udyam website.

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