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MSME Registration
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What is MSME Registration?
MSME stands for Micro, Small and Medium Enterprises. MSME Registration Certificate is provided to Micro, Small and Medium Enterprises in India. Although the registration is not mandatory, businesses opt for MSME Registration because of the host of benefits it offers which includes:
- Bank Loans at subsidised interest rates
- MSME Registration helps in getting tenders of government
- Protection against delayed payments from the buyers
- Various tax exemptions and subsidies from the government
These Micro, Small and Medium Enterprises contribute to the socio-economic development of the company. These enterprises are registered under the Micro, Small and Medium Enterprises Development Act (MSMED) Act, 2006. The MSMED Act was enacted for facilitating the promotion and development and enhancing the competitiveness of Micro, Small and Medium enterprises
Eligibility for MSME Registration
Documents Required for MSME Registration
For Individual Applicant
- PAN Card
- Aadhaar Card
- Proof of location of the business (Electricity Bill, Rent Agreement, if rented premise)
For Body Corporate
- Certificate of Incorporation
- MOA and AOA
- Office Address Proof (Electricity Bill, Rent Agreement, if rented premise)
- Bank Account Details
How to obtain MSME Registration in India
- Submission of required documents
- Verification of documents
- Filing the application with the Ministry of MSME
- MSME Registration Certificate
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MSME Registration
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