Udyog Aadhaar (SSI/ MSME) Registration

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    Udyog Aadhar Registration Online

    Udyog Aadhaar (SSI/ MSME) Registration is quick, simple, and would be possible online with Taxxinn in 3 plain sailing steps

    Overview

    Udyog Aadhaar or MSME registration is a certificate given to micro, small, medium-sized organizations in India under the MSMED Act, 2006. In order to make the process more straightforward, a new act was introduced Udyog Aadhaar 2015, Udyog Aadhaar totally replaced MSME and was fully online based. Under the Udyog Aadhaar, just one page should be filled for registration with Aadhaar Card. Earlier Udyog Aadhaar registration was known as MSME registration. Presently, the procedure for getting MSME or Udyog Aadhaar registration is made online by the Government

    MSME represents “Micro, Small, Medium Enterprises”. Any business that comes under any of these three classifications can avail benefits from the government. MSME is the backbone of any economy and they provide the major tax to the government and provide maximum employment with minimum capital. Right now, to help and advance MSME business by the Government of India through various schemes and promote these organizations through the MSMED Act. To enjoy benefits under the MSMED Act from the Central or State Government and the Banking Sector, MSME Registration is required. Under the MSMED Act, each MSME needs to get registered whether the business is service or manufacturing related. MSME Registration is valuable to control tax sponsorships, provide loans and other tax benefits introduced by the government

    The primary goals of the MSME department with respect to giving Udyog Aadhaar are the following:

    • To empower the micro, small and medium enterprises to compete in the world market.
    • To promote the growth of micro, small and medium enterprises to tackle the problems of unemployment and poverty.
    • To provide various government schemes to MSME in one stop.
    • To protect MSME from financial harassment in the hands of big business houses.
     

    Advantages of Udyog Aadhaar (SSI/ MSME) Registration

    Low-Interest rate

    All financial institutions recognize MSMEs and have separate schemes that are more beneficial to MSME. MSME’s get the benefit of cheaper interest rate on business loans

    Relaxation in Trademark Government Fees

    The government has given relaxation in government charges of the trademark registration for those businesses which have Udyog Aadhaar or MSME registration certificate. The entity gets 50% relaxation in the government fee by providing Udyog Aadhaar or MSME registration certificate.

    Credit Support Schemes

    The government of India has many financial schemes that help MSME to run their business.

    Apply Government Tenders Easily

    The government of India has allocated certain quota reserved for the MSME registered entity. This quota makes sure that MSME registered entities get the first preference.

    No delayed payment

    If a buyer buys a product/service from the MSME registered entity he is liable to pay the amount within 45 days from the date of delivery of product or services.

    Easy loan

    Recently, the government made an announcement that if an MSME has a Udyog Aadhaar or MSME registration certificate and a GST registration they will be eligible to get a loan up to 5 crores instantly.

    Documents Required For The MSME

    PAN Card

    Aadhar Card

    Complete Postal Address With District And PIN

    Bank Acccount Details

    MSME Registration Process

    MSME registration procedure is easy but a professional would be needed to complete the same. TaxxInn is experienced in MSME registration with an experience of registering more than 10000 registration throughout India.

    Our TaxxInn experts will reach you out, explain the process step by step and help you out with your queries. Experts will help you in choosing the perfect type of MSME license suitable for your business..

    Experts will let you know about the documents required. You can Email us the scanned copy of the documents.

    We need to file the MSME application with authorities with all the supporting documents.

    Once the application is filed there might be some query raised for the government department which has to be answered.

    Once all the queries raised by the authorities are answered we have to do a regular follow up with the authorities for the approval.

    After several follow ups with the authorities the approval will be provided. Once the approval is provided a digital copy of license will be sent through email.

    Type of Udyog Aadhaar or MSME registration

    Provisional MSME Registration

    The main phase of MSME registration is temporary which is given during the period before the foundation of the entity or the pre-investment time of the firm. Now, the enterprise qualifies for

    • Acquiring offices for accommodation, land, and so on.
    • Acquiring significant approvals and NOCs
    • Acquiring clearances from regulatory bodies

    for example, the Pollution Control Board and Labor Regulations.

    Permanent Udyog Aadhaar or MSME Registration

    The second sort of Udyog Aadhaar or MSME registration is permanent. It is given to business houses that are functioning already. Despite the fact that the Act isn’t compulsory, it is immensely useful for firms to have the support of the government.

    Udyog Aadhaar or MSME Eligibility

    The Udyog Aadhaar or MSME registration eligibility totally depends on the scale of the business entity. Udyog Aadhaar or MSME registration is appropriate for Proprietorship, one-person company(OPC), Partnership Firm, private limited company, limited liability partnership(LLP), co-operative societies or any other undertaking.

    Micro Enterprises

    Micro Enterprises is the smallest business enterprise, for an instant manufacturing enterprise that has invested less than Rs. 25 lakhs in machinery and plant. A service enterprise that has invested less than Rs.10 lakhs. The micro-enterprises is considered as the smallest business enterprise.

    Small Enterprises

    Small enterprises are those for an instant, a manufacturing enterprise that has invested more than Rs. 25 lakhs and less than 5 crores in machinery and plant. A service enterprise that has invested more than Rs.10 lakhs and less than 2 crores.

    Medium Enterprises

    Medium Enterprises are those for an instant, a manufacturing enterprise that has invested more than Rs. 5 crores and less than 10 crores in machinery and plant. A service enterprise that has invested more than Rs.2 crores and less than 5 crores

    About MSME Registration

    MSME Stands for Micro, Small and Medium Enterprises it facilitates development & promotion of enterprises through various benefits & schemes.

    If someone wants to avail benefits from Central or State Government and the Banking Sector then MSME Registration is required

    It is governed by MSMED Act 2006 in India under the Ministry of Micro, Small and Medium Enterprises

    It is an enterprise whose investment in Manufacturing sector in its Plant & Machinery is 25 Lakh and in service sector in its equipment 10 Lakh

    It is an enterprise whose investment in Manufacturing sector in its Plant & Machinery is 5 Crore and in service sector in its equipment 2 Crore

    It is an enterprise whose investment in Manufacturing sector in its Plant & Machinery is 10 Crore and in service sector in its equipment 5 Crore

    FAQs on Udyog Aadhaar or MSME registration

    MSME represents “Micro, Small, Medium Enterprises”. Any business that comes under any of these three classifications can avail benefits from the government

    Earlier Udyog Aadhaar registration was known as MSME registration. In order to make the process more straightforward, a new act was introduced Udyog Aadhaar 2015, Udyog Aadhaar totally replaced MSME and was fully online based.

    • Aadhar Number
    • Owners name
    • Name of the Enterprise
    • Type of organization
    • PAN number

    MSME represents “Micro, Small, Medium Enterprises”

    Every Micro, small and medium business is eligible as MSME.

    Yes, MSME registration is now called Udyog Aadhaar registration.

    Yes, a sole proprietor firm can apply for a Udyog Aadhaar registration.

    Micro Enterprises is the smallest business enterprise, for an instant manufacturing enterprise that has invested less than Rs. 25 lakhs in machinery and plant. A service enterprise that has invested less than Rs.10 lakhs. The micro-enterprises is considered as the smallest business enterprise

    Small enterprises are those for an instant, a manufacturing enterprise that has invested more than Rs. 25 lakhs and less than 5 crores in machinery and plant. A service enterprise that has invested more than Rs.10 lakhs and less than 2 crores.

    Medium Enterprises are those for an instant, a manufacturing enterprise that has invested more than Rs. 5 crores and less than 10 crores in machinery and plant. A service enterprise that has invested more than Rs.2 crores and less than 5 crores.

    There’s no validity for Udyog Aadhaar registration.

     
     

    No, It is not mandatory to have a GST number to get Udyog Aadhaar registration.

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