What is MSME?
An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: --
- A micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
- A small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
- A medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
An enterprise for the purpose of this process will be known as Udyam and its Registration Process will be known as 'Udyam Registration'. A permanent registration number will be given after registration.After completion of the process of registration, a certificate will be issued online.This certificate will have a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed.There will be no need for renewal of Registration.
Benefits of Registered MSME-
- Easy access to Bank Loans (Collateral Free).
- Overdraft Interest Rate Exemption to some extent.
- Subsidy on Patent Registration.
- Protection Against Payments.
- Electricity at Concessional Rate.
- ISO Certification Charges Reimbursement.
- Industrial Promotion Subsidy Eligibility.
Documents Required for Udyam Registration-
- Aadhar Card
- PAN card
- GSTIN
- Toal Amount of Investment in Plant Machinary
- Previous Year Turnover
