What’s MSME/Udyam Registration?

MSME Registration (Udyam Aadhar) with Legal Dalal

Register now as a micro, small, and medium enterprise under the MSME Development Act, 2006. protect and develop your business with Udyam registration.

  • Get MSME Udyam registration effortlessly with legal dalal.
  • Let our legal experts assist you with an easy registration process.

What does an MSME Registration denote?

MSME are business entities that get registered under the provisions of the MSME Development Act, 2006. A business can voluntarily register under any of the three categories: Micro, Small, or Medium scale enterprises. With MSME registration, your business entity becomes eligible for various state and central government incentives and support schemes. Any manufacturing or service entity that falls in the specified criteria for MSME has the option to register for the same. Without an MSME Registration, you cannot avail of any of the schemes launched by the Indian Government for the support and development of MSMEs in India.

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    Eligibility criteria for MSME registration

    Certain types of business activities like fishing, forestry, and wholesale or retail trade cannot get an MSME registration.
    You can register your business as an MSME under the following categories:

    Register as a Micro-Enterprise

    You can register your business as a micro-enterprise if your annual turnover is ≤ 5 crores and investment in plant and machinery is ≤ 1 crore.

    Register as a Small Enterprise

    You can register your business as a small enterprise if your annual turnover is ≤ 50 crores and investment in plant and machinery is ≤ 10 crores.

    Register as a Medium Enterprise

    You can register your business as a medium enterprise if your annual turnover is ≤ 250 crores and investment in plant and machinery is ≤ 50 crores.

    List of required documents for MSME/Udyam registration

    To get your MSME Registration, you will need to submit the following documents:

    • PAN Card copy
    • Aadhar Card
    • Income Tax and GST details

    Remarkable Advantages of Having an MSME Registration

    Lucrative Government Incentives

    The Government has always shown an inclination towards MSMEs with various favourable policy measures, such as specific incentive schemes and hassle-free approvals and registrations. All these schemes can be availed only if you have an MSME registration.

    Access to better overdraft facilities

    An MSME Registration can help you to avail various specialized financial services deployed by several banks to MSME ventures, such as super-convenient overdraft schemes at negligible interest.

    More chances of winning any government tender

    The probability of garnering government project tenders increases when you hold the status of an MSME venture.

    Subsidies

    Registering your business as an MSME makes you eligible for various subsidies on different registration fees and relevant procurements for your Business.

    Reduced interest rates on Loans

    Loans are provided to MSMEs at lower interest rates to boost the growth and rapid development of their businesses.

    Pradhan Mantri Mudra Loan Scheme

    Once you register your business under MSMED, you will be eligible to avail of the Pradhan Mantri Mudra Yojana (PMYY), which offers easy loan amounts to MSMEs up to 10 lakh INR

    Ease of availing loans

    Many financial institutions prefer lending money to MSMEs. Registering as an MSME can increase your chances of getting loans on suitable interest rates.

    Relaxations in electricity expenses

    At many locations in India, the state government and electricity boards levy lower electricity supply charges to businesses registered under MSMED Act.

    Tax reliefs

    Lower tax rates, 100 per cent tax exemptions, and tax holiday schemes are among the various tax reliefs provided to emerging MSME businesses from time to time.

    Safeguards against risks associated with delayed payments

    The Government has designed an additional layer of support for MSMEs to protect them from risks related to delays in payments to suppliers and lenders.

    Discount on Patent and Trademark Fees

    Businesses registered under the MSMED Act are eligible for a total of 50% discount while registering for Trademark and patent.

    Process of MSME Registration

    MSME Registration with Legal Dalal is easy and effortless. Your online MSME Registration will be finished in five simple steps:
    Get free consultation from our certified customer care representative

     Fill a simple application form

     Make easy online payment

    Upload your documents on our portal

    Receive your MSME Registration on your registered email address

    WHY CHOOSE US ?

    Get instant MSME (Udyam) Registration & Renewal services with expert assistance. Our legal experts are ready to assist your business towards benefits and protection.

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    Our team is available for services or consultation six days a week during our working hours.

    FAQs

    In India, all the medium and small-sized businesses are supposed to be registered under the MSMED Act, 2006. This process is known as MSME Registration, and it is a mandatory registration
    MSME stands for Micro, Small and Medium Enterprises.
    Yes, registration of micro, small and medium enterprises under the MSMED Act is compulsory to avail government schemes for support of businesses.
    MSME Registration is now converted into Udyog Aadhar, under which every business is given a unique 12-digit Aadhar number which ensures easy processing of credits, advances as well as schemes from the Government.
    MSME Registration is necessary to legalize your business. It will help you to grow and develop your business rapidly with the help of government support.
    Yes, GST registration is necessary for all the companies registered under MSMED Act.
    You can easily get your business registered under the MSMED Act Online with the help of Legal Dalal's professionals.
    Various benefits of MSME Registration include: - Tax Exemption and Tax Holidays during the initial years - Easy Payment Clearance - Discounts on registration of Trademark - Discount on Patent fees - Loan Availability on low-interest rates - Availability of various Government schemes for MSMEs - Easy application for government tenders

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