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MSME Registration

MSME stands for Micro, Small and Medium Enterprises and any enterprise that falls under any of these three categories are further categorized into two types of industries- manufacturing industry and service industry. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.

MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support.Legaltree can help your business obtain MSME Registration under the MSMED Act and avail a host of benefits.

What You Need To Know

MSME Registration


MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes.

Micro Enterprises


A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.

Small Enterprise


A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.

Medium Enterprise


A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.

Registration Criteria


To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.

Tax Rebates


MSME registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.

Benefits of MSME Registraion

Easy Bank Loan up to 1 Crore without collateral / mortgage

The Govt. of India and SIDBI has launched a Credit Guarantee Scheme (CGSME) to make available collateral-free credit to SMEs.

1% exemption on interest rate on Bank Over draft (OD)

Enterprises that have MSME Registration can avail benefit of 1% exemption on interest rate on over draft (OD).

Protection against the delay in payment from Buyers

Maximum period for payment for purchases from MSME shall not exceed 45 days, in case of delay, the buyer is liable to pay interest to the SME supplier, at 3 times of the bank rate.

Special 50% discount on Govt. fees for Trademark & Patent

Enterprises that have MSME Certificate can avail 50% subsidy for patent & trademark registration.

Preference in procuring Government tenders

The Government of India gives special preference in buying from Micro and Small businesses through Govt. tenders.

Concession in Electricity bills

Enterprises that have MSME Registration Certificate can avail Concession on electricity bill by making application to electricity department.

Fast resolution of disputes

Enterprises undergoing a dispute with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration.

  1. PAN Card
  2. Aadhar Card
  3. Bank Account Details
  4. Enterprise & Plant Address
  5. Valid Mobile Number & Email ID
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Who It's For

When You Need It

Returns to be Filed

Issuing Authority

 

Small Scale Industry

Micro, small, medium enterprises

For subsidies and tax breaks

No

Ministry of Micro Small and Medium Enterprises

 

Shops & Establishments

All businesses

Within 30 days of operations

No

Municipal Corporation

Professional Tax

All businesses

Within 30 days of operations

No

State Corporation

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FAQ's

MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes, aimed at developing MSMEs.
MSME Registration can be obtained by business in the manufacturing or service sector. To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.
MSME Registration has a range of benefits implemented as subsidies, schemes and incentives. Enterprises registered with the MSMED Act enjoy interest rate concession and their borrowing is classified under Priority Sector Lending. Enterprises registered with the MSME act are also allowed to avail a number of subsidies and schemes floated by the State and Central Government. Some of them include, subsidy for ISO registration, subsidy for obtaining International patents, subsidy for participating in tradeshow, subsidy for implementing barcode on Products, etc.
To obtain MSME registration, proof of address of business, proof of identity of the promoters and constitution of the business [Partnership deed, Incorporation Certificate, etc., is required. Additional documents may be required based on the State in which the MSME Registration is sought.
MSME Registration Certificate can be obtained in 1 working day.
MSME RegistrationCertificate issuedis a Permanent Registration which is valid for lifetime of the entity.
If the business grows and investments more than Rs.10 crores in plant and machinery in case of manufacturing entity and more than Rs.5 crores in plant and machinery in case of service entity, the enterprise should apply for de-registration.
A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.
A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.
A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.