Get Udyam License in just ₹ 1000/- (All inclusive)
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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.
Sprinthub Solutions has team of experts providing you the best assistance, timely delivery and guaranteeing the highest customer satisfaction with respect to ISO Certification. You may get in touch with our team on 096436-69475 or email admin@sprinthub.infor MSME registration.
Advantages of Udyam Registration (MSME)
Timely payments of Dues
Borrowings are Collateral free
Subsidy on IP Registration
Capital and other grants for infrastructure development
Eligibility criteria
Documents Required
Adhaar Card of Individual/Authorized Signatory
GSTN , if any.
PAN Card of Entity
Cancelled Cheque
Process of Udyam Registration (MSME)
Step 1
Step 3
Step 2
Step 4
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
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.
The validation for MSME Registration Certificate is lifetime, although if there is any change in investment the categories will change.
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.
Yes, MSME registration Udyam Registration are one and the same.
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.
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.
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.
Yes, there is an option available to modify the details mentioned in MSME Certificate.
Yes, the MSME Certificate can be restored. You can contact Sprinthub Solutions team for restoration of the Certificate.
No, traders are not eligible to get registration under MSME.