This registration is not yet made mandatory by the Government but it is beneficial to get one’s business registered under this because it provides a lot of benefits in terms of taxation, setting up the business, credit facilities, loans etc.

The MSME became operational on October 02, 2006. It was established to promote, facilitate and develop the competitiveness of the micro, small and medium enterprises.

What are Micro, Small and Medium Enterprise?

The existing MSME classification was based on the criteria of investment in plant and machinery or equipment. So, to enjoy the MSME benefits, the MSMEs have to limit their investment to a lower limit, as mentioned below:

These lower limits are killing the urge to grow as they are unable to scale their businesses further. Also, there has been a long-pending demand for the revision of MSME classification so that they can further expand their operations while continuing to avail the MSME benefits.

Registration Process

1. To do the registration the small and medium scale industry owner has to fill a single form which he can do online as well as offline.
2. If a person wants to do registration for more than one industry then also he/she can do individual registration.
3. To do the registration he/she has to fill a single form which is available at the website which is listed below.
4. The document required for the registration is Personal Aadhar number, Industry name, Address, bank account details and some common information.
5. In this, the person can provide self-certified certificates.
6. Once the detail-filled and upload you would be getting the registration number.

Benefits of MSME Registration

1. Due to the MSME registration, the bank loans become cheaper as the interest rate is very low around ~ 1 to 1.5%. Much lower than interest on regular loans.
2. There are various tax rebates offered to MSME.
3. It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
4. There are many government tenders which are only open to the MSME Industries.
5. They get easy access to credit.
6. Once registered the cost getting a patent done, or the cost of setting up the industry reduces as many rebates and concessions are available.
7. Business registered under MSME are given higher preference for government license and certification.
8. There is a One Time Settlement Fee for non-paid amounts of MSME.

Document & Details Required for MSME Registration

Kindly send these details & documents to get your MSME Certificate:-

• Personal Aadhar card Number 
• Firm/company Address. 
• Personal Pan Card number 
• Email-id and Contact Number 
• Name of Top 5 Products / Services in which the company is dealing . 
• Bank account number and IFSC code 
• Firm name . 
• Date of Commencement/Business Starting I) Social Category .(ST,SC,OBC) 

Attachment Needed :- 

1. Front Aadhaar 
2. Back aadhaar 
3. PAN Card 
4. Bank Passbook or Cancel Cheque