MSME registration

What is MSME?

MSME is Micro, Small and Medium Enterprise. MSME is enacted by The Government of India under (MSMED) Act, 2006. They are small size entities defined in terms of their investment. The Micro, Small & Medium Enterprises (MSME) are classified in two Classes:

Under the central Government program ‘Atmanirbhar Bharat Abhiyan’, the Government has introduced revisions in the definition of Micro, Small and Medium Enterprises (MSME). The modifications became effective from 1st July, 2020. Earlier, the criteria for manufacturing units and service units were different. Now Manufacturing and Service enterprises are defined under the same terms as under. They are defined in terms of their investment and turnover.

Micro Unit: An MSMEs will now be called Micro unit, if it has investments upto Rs 1 crore and turnover of less than Rs 5 crore.

Small Unit: An MSME to be defined as a Small unit, if it’s investment is from Rs 5 crore to Rs 10 crore with a turnover of less than 50 crore.

Medium Unit: An MSME to be classified as a Medium unit, if it’s of investments up to Rs 20 crore and a turnover of less than Rs 100 crore.

What benefits you can get from MSME Registration?

MSME registration will give you bundle of benefits

You will get a rebate of Rs. 4500 per Trademark application for registration.
You can get easy loan from bank & other financial institutions.
State & Central government rebates and tax concessions can availed by you.
You can take the benefits of marketing assistance and export promotion schemes.

Who can apply for MSME Registration?

Following Firm / Company can apply for MSME Registration

Proprietorship Firm
Partnership Firm
Limited Liability Partnership Firm (LLP)
Pvt. Ltd. Company
Limited Company
HUF
Trust
Any other type of entities doing business for e.g. Society / Self Help Group/ Co-operative

Following is the criteria for MSME Registration

Enterprise Category (Manufacturing & Service Sector)	Investment in Plant & Machinery or Equipment (Amount in Rupees)	Turnover (Amount in Rupees)
Micro Enterprises	Upto 1 Crore	Upto 5 Crores
Small Enterprises	Above 1 Crore – upto 10 Crores	Above 5 Crores – upto 50 Crores
Medium Enterprises	Above 10 Crores – upto 50 Crores	Above 50 Crores – upto 250 Crores

How can you obtain MSME Certificate?

MSME Certificate is generated on the basis of Aadhar Number.
It is required to link your mobile number with Aadhar Number to generate MSME Certificate.
If your mobile number is not linked with Aadhar, submit any approved Government ID Proof e.g. Pan Card, Passport.
We offer value-added support to our clients to get MSME certificate. We do not charge any fees for this service.
You are required to submit the Information Form with ALL DETAILS to process for MSME Certificate. The Form to be emailed to new@ipronline.com

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