MSME Registration

The Micro Small & Medium Enterprises Development Act 2006 makes it mandatory for MSME to register themselves with government and to obtain Udyam for availing benefits provided under MSME Development Act. The terminology like MSME, SSI or Udyam is one and same thing.

Documentation of MSME Registration
S.No List of Document
1. Udyam is a free facility by government, and there is no fee charged by government.
2. PAN Number in case of company, LLP or cooperative society, it is optional in all other cases.
3. Aadhar number and pan of the applicant, an OTP shall go to his mobile and email id for confirmation.
4. Address Proof of Establishment, either in the form of a sale deed or valid rent agreement.
5. Bank Account Information (bank statement and cancelled cheque).
6. NIC Code of the products and services in which the enterprises are dealing at the time of registration.

Benefits of Registration as MSME or Udyam
> Easy Availability of Loan
> Govt Procurement Priority
> Low-Interest Overdraft
> Concessional Electricity
> Speedy Recovery of Dues (IMPORTANT)
> Rebate in Taxes
> 50% Discount on IP Protection
> MSME Conciliation Centre