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MSME / SSI Registration India Packages

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MSME Registration India

MSME / SSI registration is a certification that is recognized by the government of India that offers various advantages and support to the MSME industry. The purpose of MSME registration is to support the growth of SMEs by offering specific benefits and opportunities to SMEs.

In India, MSME registration provides various advantages to SMEs, such as:

  • Access to government schemes & incentives
  • Priority in government procurement
  • Credit facilities & Subsidies
  • Various other support measures

Who are eligible for MSME registration

The eligibility criteria for registering under the MSME/SSI (Micro, Small, and Medium Enterprises/Small Scale Industries) sector are based on the investment made in plant and machinery or equipment. The classification is determined by the MSME Development (MSMED) Act, 2006. The following are the eligibility criteria for MSME/SSI registration:

Micro Enterprises

a.Manufacturing Enterprises: Investment in plant and machinery should be less than or equal to Rs. 25 lakh.
b. Service Enterprises: Investment in equipment should be less than or equal to Rs. 10 lakh.

Small Enterprises

a. Manufacturing Enterprises: Investment in plant and machinery should be more than Rs. 25 lakh but less than or equal to Rs. 5 crore.
b. Service Enterprises: Investment in equipment should be more than Rs. 10 lakh but less than or equal to Rs. 2 crore.

Medium Enterprises

a. Manufacturing Enterprises: Investment in plant and machinery should be more than Rs. 5 crore but less than or equal to Rs. 10 crore.
b. Service Enterprises: Investment in equipment should be more than Rs. 2 crore but less than or equal to Rs. 5 crore.

It is important to note that these investment limits may be revised by the government from time to time. The classification as Micro, Small, or Medium Enterprise is based on the investment in plant and machinery or equipment and does not depend on factors like turnover or number of employees.

Detailed Procedure

The detailed procedure for registering as an MSME/SSI (Micro, Small, and Medium Enterprises/Small Scale Industries) in India is as follows:
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Visit the Udyam Registration Portal
Access the official government portal for MSME registration called the Udyam Registration portal at https://udyamregistration.gov.in/.
Create an Account
Click on the "For New Entrepreneurs who are not Registered yet as MSME" button. Create an account by providing your valid Aadhaar number and personal details.
Fill in the Online Form
Fill in the online registration form with the necessary information, including the name of the enterprise, type of organization, location, bank details, and other relevant details.
Enter Business Activities
Specify the major business activities or products/services offered by your enterprise. Select the appropriate National Industrial Classification (NIC) code that best represents your business activities.
Verification and Submission
Verify the details provided in the registration form and submit the application. Ensure that the information entered is accurate and up-to-date.
Generation of Udyam Registration Number
After successful submission, the Udyam Registration Number will be generated and displayed on the screen. This number serves as a unique identification for your MSME/SSI registration.
Download the Registration Certificate
Download the registration certificate containing your Udyam Registration Number. This certificate is a proof of your MSME/SSI registration and can be used for availing various benefits and schemes.

Documents Checklist

While registering for MSME/SSI (Micro, Small, and Medium Enterprises/Small Scale Industries) in India, you may need to gather the following documents:

Aadhaar Card

  • A copy of the Aadhaar card of the applicant (individual) or authorized signatory (partnership firm, LLP, or company).

Business Address Proof

  • Documents such as rent agreement, lease deed, property tax receipt, or utility bills (electricity bill, water bill, etc.) that serve as proof of the business address.

Identity Proof

  • A copy of the PAN (Permanent Account Number) card of the applicant or authorized signatory.

Bank Account Details

  • Bank account statement or a canceled cheque containing the name of the account holder, account number, and IFSC code.

Ownership Proof

  • In case of a proprietary firm, ownership proof such as a sale deed, possession letter, or property documents.

Partnership Deed

  • If the business is a partnership firm, a copy of the partnership deed.

Certificate of Incorporation

  • If the business is a company or LLP (Limited Liability Partnership), a copy of the Certificate of Incorporation.

Memorandum and Articles of Association

  • For companies, a copy of the Memorandum and Articles of Association.

Copy of GST Registration Certificate

  • If applicable, a copy of the Goods and Services Tax (GST) registration certificate.

Merits of MSME registration

Access to government schemes and incentives

SSI/MSME is eligible to participate in government schemes and incentives designed to support and encourage the growth of SMEs.

Preferred access to government procurement

SSI / MSME registered businesses often get preferential access to government procurement processes.

Credit facilities and loan support

SSI/ MSME registration allows businesses to access credit facilities and loans at more favorable terms. The government has implemented specific schemes to improve access to credit facilities and loan support.

Legal protection

Registered SMEs have the legal protection to seek interest from buyers in the event of delayed payments.

Market support and infrastructure development

The government supports SSI /MSME registered enterprises through marketing support and exhibition participation, as well as export promotion.

FAQ's

Certainly! Here are some frequently asked questions (FAQs) related to registering SSI/MSME in India:
The eligibility criteria for SSI/MSME registration in India are based on the investment made in plant and machinery or equipment. The specific investment limits for micro, small, and medium enterprises are defined by the MSMED Act, 2006.
Registering as an SSI/MSME in India offers several benefits such as access to government schemes, incentives, priority in government procurement, credit facilities, loan support, protection of interest, market support, infrastructure development, and more.
You can register as an SSI/MSME in India through the Udyam Registration portal (https://udyamregistration.gov.in/). Fill in the online registration form with the required details, submit the application, and obtain the Udyam Registration Number and certificate.
No, the registration process for SSI/MSME is free of cost.
Yes, existing businesses can also register as SSI/MSME in India.
The required documents for SSI/MSME registration in India typically include Aadhaar card, business address proof, identity proof, bank account details, ownership proof, partnership deed (if applicable), and other relevant documents.
SSI/MSME registration is not mandatory for small businesses in India. It is optional, but registering provides businesses with access to various benefits and support offered under the MSME sector.
Yes, SSI/MSME registration is valid for a lifetime. Once registered, the Udyam Registration Number and certificate are valid unless the enterprise exceeds the specified investment limits for the respective category.
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