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MSME Registration in India

MSME Registration in India

Micro, Small and Medium Enterprises are better known by the acronym MSME(MSME Registration in India). MSMEs are the backbone of the Indian economy. Silently operating in different areas across the country, more than 6 crore MSMEs have a crucial role to play in building a stronger and self-reliant India. These small economic engines have a huge impact on the country’s GDP.

Limits:

Classification Micro Small Medium
Manufacturing Enterprise & Enterprise rendering Services Investment in Plant and Machinery or Equipment:
Not more than Rs. 1 Crore
Investment in Plant and Machinery or Equipment:
Not more than Rs. 10 Crore
Investment in Plant and Machinery or Equipment:
Not more than Rs. 50 Crore
  And Annual Turnover
Not more than Rs. 5 Crore
And Annual Turnover
Not more than Rs. 50 Crore
And Annual Turnover
Not more than Rs. 250 Crore

Who can Apply?

Following Entities can obtain MSME Registration in India:

  • Proprietorships
  • One Person Company
  • Limited Company
  • Hindu Undivided families
  • Limited Liability Partnership
  • Producer Company
  • Partnership Firm
  • Private Limited Company
  • Association of Persons
  • Co-operative Societies

Documents Required for Registration of MSME:

  • Aadhar Card
  • PAN Card
  • GSTIN (If registered)
  • Copy of Bank Account statement

Compliances Related to MSME:

MSME Form 1 (For *Specified Companies)

Period of Return Date of Filing
April to September 31st October
October to March 30th April

Benefits of MSME Registration in India:

  • Collateral Free Loans from Banks
  • 1% Exemption on Interest Rate on Overdrafts
  • Concession in Electricity Bills
  • 50 % Subsidy for Trademark Registration
  • Reimbursement of ISO Certification
  • Protection against Delayed payments and interest on delayed payments
  • Eligible for Industrial Promotion Subsidy
  • Special Consideration on International Trade Fairs

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