MSME Regitration

MSME Registration?

The Indian government offers MSME registration to Micro, Small, and Medium Enterprises (MSMEs) in order to assist them in receiving benefits that will help establish and grow their businesses. Obtaining the MSME registration is not obligatory; however, it can be advantageous as it provides a range of benefits related to setting up the business, taxation, credit facilities, loans, and more. The MSME registration process is entirely online and can be completed via the Udyam registration portal

MSME Eligibility

Entities such as proprietorships, partnership firms, companies, trusts, or societies with an investment below Rs. 50 crore and annual turnover below Rs. 250 crore are eligible to apply for MSME registration. An individual, however is not eligible to apply for MSME registration

Documents required for MSME Registration

1. Aadhar number 
2. PAN number
3. Address of the business
4. Bank account number
5. The basic business activity 
6. NIC 2 digit code 
7. Investment details (Plant/equipment details)
8. Turnover details (as per new MSME definition)
9. Partnership deed
10. Sales and purchase bill copies 
11. Copies of licenses and bills of purchased machinery