Get your MSME in just 1 day

The government of India has launched a number of initiatives to assist small and medium-sized enterprises in sustaining and growing. To take advantage of all of these initiatives, you must first register as an MSME. MSME registration is sometimes referred to as Udyog Aadhaar registration. Now get your MSME for just 499.

Benefits of MSME

  • Cheaper bank loans (1-1.5% lower)
  • Easy access to credit (Mudhra Loan)
  • Access to tenders
  • Quicker approvals from government bodies\

Why KNAP Advisory

  • Simple and Quick process
  • Get your MSME in 1 day 
  • Affordable pricing

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MSME Registration online (Udyam Aadhaar)

An Overview- Udyam Aadhaar/ MSME Registration Online in India

Prior to comprehending and analysing what MSME Registration entails, it is essential to define MSME. Micro, Small, and Medium-Sized Enterprises (MSME) constitute the economic backbone. MSME is the ultimate executive authority responsible for implementing rules, regulations, and laws affecting Micro, Small, and Medium-Sized Businesses. MSME Registration is offered to both manufacturing and service-sector firms.

Now, when we discuss MSME Registration, we are referring to a straightforward and expedient procedure for registering MSMEs and SMEs. It offers firms with a variety of incentives, including financial aid and increased government subsidies. It contributes to the development of infrastructure and enterprise expansion.

We guarantee complete client satisfaction and prompt service delivery with a team of skilled experts.

What is MSME?

MSME Definition as per MSMED Act, 2006

MSME stands for Micro, Small, and Medium-Sized Businesses. In compliance with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006, the Indian government launched it. This statute defines MSMEs as firms engaged in the processing, productions, and preservation of products and commodities.

MSME Classification
Sr. No. Enterprises Investment in and Turnover Limit
(i) A Micro Enterprises Investment in plant and machinery or equipment; AND does not exceed one crore rupees (Rs. 1 crore)

 
Turnover does not exceed five crore rupees  (Rs. 5 crore)
(ii) A Small Enterprise   Investment in plant and machinery or equipment; AND   does not exceed one crore rupees  (Rs. 10 crore)
Turnover does not exceed five crore rupees   (Rs. 50 crore)
(iii) a Medium Enterprise Investment in plant and machinery or equipment; AND does not exceed one crore rupees   (Rs.50 crore)
Turnover does not exceed five crore rupees  (Rs. 250 crore)

Benefit

Benefit of MSME Registration online Udyam Aadhaar

Without-Collateral Bank Loans:

The Indian government created the Loans Guarantee Fund Scheme (CGS) for Micro and Small Enterprises to give collateral-free credit to the micro and small company sectors.

Payments in Arrears Can Be Cleared Rapidly

Under the MSME registration rights, a customer must pay for the products or services within 15 days of acquisition. If a consumer delays payment for more than 45 days, the company is permitted to impose compound interest at three times the RBI-mandated rate.

Trademark and patent fees are decreased by fifty percent.

Businesses registered under the MSME Act are entitled for a 50% discount on patent registration. This is obtained by submitting an application to the relevant government ministry.

Abatement of Electricity Bills

Small- and medium-sized enterprises can receive a reduction on their power rates. Along with the application and a copy of the registered certificate, a registered MSME must present an electricity bill.

Detailed Udyam AADHAAR /MSME Online Registration Procedure

Udyog Aadhar Registration is a fully free and online process. It is a big boost for SMEs in the nation, and we have explained the registration procedure in full below.

  • The application must be submitted using the Udyam Registration portal.
  • There will be no registration fee for Udyam.
  • Udyam Registration will require an Aadhaar number.
  •  The Aadhaar number for a proprietorship firm shall be that of the owner, controlling partner in the case of a partnership firm, and karta in the case of a Hindu Undivided Family (HUF).
  • In the event of a Company, Limited Liability Partnership, Cooperative Society, Society, or Trust, the organisation or its authorised signatory must supply its GSTIN, PAN, and Aadhaar number in addition to its Aadhaar number.
  • If a firm is registered as an Udyam with a PAN, it must self-declare any information shortcomings for past years when it did not have a PAN.
  •  No firm may submit more than one Udyam Registration; however, any number of manufacturing, service, or both operations may be indicated or added to a single Udyam Registration.
  •  Whoever intentionally misrepresents or seeks to conceal self-declared facts and figures in the Udyam Registration or update procedure shall be punished.
  • All businesses currently registered under EM–Part II or UAM must re-register on the Udyam Registration platform on or after July 1, 2020.
  • All registered businesses prior to June 30, 2020 shall be reclassified in line with this notification.
  •  Existing firms registered before to June 30, 2020 will be valid only until March 31, 2021.Any business registered with another Ministry of Micro, Small, and Medium Enterprises organisation must also register with Udyam Registration.
  • Programme of the Prime Minister for Employment Creation (PMEGP) By establishing new self-employment projects across the country, the PMEGP plan intends to provide job possibilities for MSMEs in both rural and urban locations.
  • Trust Fund for the Credit Guarantee of Micro and Small Businesses (CGTMSE)  The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) was created by the Ministry of MSME and SIDBI to administer the Credit Guarantee Scheme for MSEs. The Government of India and SIDBI contribute to the corpus of the CGTMSE.
  • Credit-Linked Capital Subsidy for Technology Development (CLCSS) To promote technology for micro, small, and medium-sized enterprises through institutional financing for the introduction of well-established and proven technologies in the designated 51 sub-sectors/products. Both new and upgrade projects (with or without expansion) are admissible.

Documents and Information Necessary for Udyam AADHAAR/ MSME Registration

For MSME registration, several documents are required. The following list of papers is provided below:

  • The AADHAAR card of the Applicant (Proprietor/Partner/Director) is required.
  • Name of the Candidate
  • Caste
  • Business Name
  • Type of Organization
  • Location of the Plant
  • Location of the Office
  • Date of Initiation of the Business
  • Bank Details (Account No. and IFSC code)
  • Business Activity Information
  • Number of personnel
  • Investment in Plant, Equipment, and Machinery
  • Proof of Photo ID and Applicants' Age
  • Mobile Number of the Applicant (Linked with AADHAAR)
  • Email Address for OTP Validation

 

HELP & FAQs

What is the complete form of MSME?

MSME stands for Micro, Small, and Medium-Sized Enterprises.

How long does it take to acquire an MSME certification?

With the assistance of KNAP Advisory, you may obtain an MSME certificate within three to four business days.

How much does MSME registration cost?

How much does MSME registration cost?

What documentation is necessary for MSME registration?

Documents necessary for MSME registration are listed above.

What is the meaning of delayed payment protection?

Under the MSME registration rights, a customer is obligated to pay for the purchased goods/services within 15 days. If a customer's payment is late by more than 45 days, the company may levy compound interest at three times the RBI's rate.

Is AADHAAR a requirement for MSME registration?

Yes, AADHAAR number is required for MSME / Udyam AADHAAR enrollment.

Is it required to register numerous MSMEs for a same firm in various cities?

Multiple MSME registrations are not necessary for separate branches of a firm. Nonetheless, the government must be informed of branch information and operational specifics.

What are the benefits of SME status?

There are several government programmes that give benefits to the MSMEs sector. Click here to learn more about schemes: https://www.investindia.gov.in/schemes-msmes-india/pm-employment-generation-programme

Why KNAP Advisory

How does KNAP Advisory help in the MSME Registration Process  in India?

Registration for MSME is now a straightforward online procedure. Registration is conducted entirely online, so there is no need to appear physically. You may register your business as an MSME without leaving your house. We, at KNAP Advisory, provide enterprises with superior documentation services. We finish the entire MSME registration procedure online within three to four business days.

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Legal Info

KNAP Advisory : We Care | We Deliver | We Honor

We have been especially crucial in ensuring startups are compliant with India's complex legal structure. We accept responsibility and obligation on behalf of the business owners and co-founders for adhering to all legal requirements. We strive to deliver a wide range of quick, effective, and compliance-focused services to any company or individual with a startup mentality. We are abide by our motto:- We Care, We Deliver, We Honor.