MSME
Empowering Small Businesses, Enabling Growth – Register Your MSME with Udyam Today!
MSME registration refers to the process of registering a Micro, Small, or Medium Enterprise (MSME) under the MSME Development Act, 2006, in India. It offers various benefits and recognition for small businesses, such as access to government schemes, subsidies, and easier access to financing.
Differences from Previous Classification
| Category | Previous Investment Limit (₹) | Previous Turnover Limit (₹) | New Investment Limit (₹) | New Turnover Limit (₹) |
|---|---|---|---|---|
| Micro Enterprises | ₹1 Crore | ₹5 Crore | ₹2.5 Crore | ₹10 Crore |
| Small Enterprises | ₹10 Crore | ₹50 Crore | ₹25 Crore | ₹100 Crore |
| Medium Enterprises | ₹50 Crore | ₹250 Crore | ₹125 Crore | ₹500 Crore |
Documents Required for MSME Registration
• Aadhaar Card: For individual proprietors.
• PAN Card: For the enterprise.
• Business Address Proof: Lease agreement, electricity bill, or property documents.
• Bank Account Details: Including bank name, account number, and IFSC code.
• Partnership Deed/Incorporation Certificate: For partnerships or companies
• Employee Details: If applicable.
Steps for MSME Registration
1. Visit the Udyam Registration Portal: Go to https://udyamregistration.gov.in.
2. Select "For New Registration": Initiate the registration process.
3. Enter Aadhaar Number: Provide the Aadhaar number of the proprietor or authorized signatory.
4. Provide PAN Details: Enter the Permanent Account Number of the enterprise.
5. Fill in Business Information: Enter details such as business name, address, and type.
6. Upload Required Documents: Submit scanned copies of necessary documents.
7. Submit Application: Review and submit the application.
8. Receive Udyam Registration Number: Upon successful submission, a Udyam Registration Number will be issued.
New MSME Classification (Effective from April 1, 2025)
| Category | Investment Limit (₹) | Turnover Limit (₹) |
|---|---|---|
| Micro Enterprises | Up to ₹2.5 Crore | Up to ₹10 Crore |
| Small Enterprises | Up to ₹25 Crore | Up to ₹100 Crore |
| Medium Enterprises | Up to ₹125 Crore | Up to ₹500 Crore |
Self-Declaration
• MSME registration doesn’t require you to upload documents such as financial statements or balance sheets. The registration process is mainly based on self-declaration.
• The enterprise will be classified based on investment in plant and machinery/equipment and annual turnover.
Get Udyam Registration Certificate
• After successful submission and verification, the Udyam Registration Certificate will be issued to the registered enterprise. This certificate is valid for lifetime without any need for renewal.
Benefits of MSME Registration
• Government Subsidies: Access to various government schemes and financial assistance programs. • Priority Sector Lending: Easier access to loans with lower interest rates from financial institutions. • Tax Benefits: Exemption from certain taxes and access to tax rebates. • Protection Against Delayed Payments: Legal protection in case of delayed payments from buyers. • Faster Approvals: Easier access to clearances and licenses. • Subsidy on Patent Registration: Reimbursement of patent fees for MSME.
Updating and Renewal
• MSME registration doesn’t expire, but if there are any changes in the business, you should update your details on the Udyam portal.
Why Udyam Registration is Essential:
Udyam Registration opens doors to a world of government benefits, funding opportunities, and legal protections that can propel your business forward. Whether you're a new startup or a growing SME, registering with Udyam ensures you have the right resources to scale successfully.
Frequently Asked Questions (FAQs)
Q1: Is MSME registration mandatory?
No, MSME registration is not mandatory but is highly recommended to avail various benefits and schemes.
Q2: Is there any fee for MSME registration?
No, MSME registration through the Udyam portal is free of cost.
Q3: Do I need to renew MSME registration?
No, MSME registration is valid for a lifetime and does not require renewal.
Q4: Can I update my MSME registration details?
Yes, you can update your details on the Udyam portal if there are any changes in your business information.
