MSME sector were broadened significantly under the MSMED Act, 2006, which recognized the concept of “enterprise” and to include both manufacturing and services sectors, besides defining the medium enterprises under MSME Sector. Thus, the entire non-agricultural sector of economy was brought under the coverage of MSME Sector subject to the revised criteria prescribed for defining Micro, Small and Medium Enterprises separately for manufacturing and services sectors.
In accordance with the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified in two Classes:
(a) Manufacturing Enterprises: The enterprises engaged in the manufacture or production of goods pertaining to any industry specified in the first schedule to the industries (Development and regulation) Act, 1951) or employing plant and machinery in the process of value addition to the final product having a distinct name or character or use. The Manufacturing Enterprise is defined in terms of investment in Plant & Machinery
(b) Service Enterprises: The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.
Udyog Aadhar or MSME Registration can be taken by any type of business entity in India. a Sole Proprietorship , Partnership Firm, LLP, Company, Hindu Undivided Family, Association of Persons, Co-operative societiey and Self Help Group.
Eligibility Criteria based on Maximum ceiling limit of Investment made for Plant & Machinery ( in case of Manufacturing Industry) and Equipment ( for Service Industry) and MSME Clasification is based on Investment amount.
Only those entities that can be classified as a micro, small or medium enterprise under the following criteria as per the MSMED Act, 2006 is eligible to take Udyog Aadhaar number .
Though your entity is fall under micro, small or medium as per the Act, it is not madatory to take registration. You take the Registration voluntarily any time provided you have the Aadhar Number, PAN and Bank Account at the time of registration.
Govt. Scheme
MSME registered Business can avail benefits of all the government schemes such as an easy loan process under various scheme for MSME, loans with subsidised rates of interest etc. |
CGTMSE Scheme
The Micro and Small Enterprises are also eligible for collateral-free loans up to Rs. 1 crore under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE Scheme). This is a collateral free loan and the Central Government takes guarantee of the borrower and To improve the timely funds’ availability to the MSME Sector, the Government of India has classified loans to Micro and Small Enterprises under priority sector lending. |
Govt. Fee Concession
50% Govt fee concession in filing of Trademark and Patent registration. |
Bank Account Opening
Facilitate hassle-free opening of current bank accounts in the name of the business. |
Support Assistance in Foreign Expo
Receive financial support for participating in foreign expos to showcase their products. |
Other Benefits
Micro and Small enterprises also enjoy Other Subsidies from State Governments such as extended credit facilities, Industrial extension support, and services, Assistance in marketing, Assistance for construction of industries in underdeveloped areas, Technical consultancy, assistance in the capital, Excise exemption and Exemption under direct tax laws etc. |
Udyog Aadhar ( MSME)
Rs. 2360
Udyog Aadhar ( MSME)
Rs. 2360
New Udyog Aadhar Registration with One Trademark
Rs. 8040
TO AVOID ANY ERROR OR MISTAKE, IT SUGGESTED TO TAKE THE SERVICE OF CONSULTANT. WE HELP YOU TO GET THIS DONE SMOOTHLY.