Registration and Process for MSME

MSME Registration:

Over the last few decades, Micro Small and Medium Enterprises (MSME) sector has emerged as a highly exciting and active sector of the India Economy. The Government of India’s prime motive is “enterprise creation” in the Indian Economy and wants to produce a wide range of products to meet the requirement of the local market and the global market. MSME creates employment and self-employment which strengthens the Indian Economy.

REQUIREMENTS FOR MSME/UDYAM REGISTRATION

Following documents are required for MSMI

1. Aadhar Card
2. PAN Number and GST Number enterprise
3. Plant location and office address
4. Bank Account details of the enterprise
5. Turnover of the enterprise over the last 2 years
6. Written Down Value of investment made in the business
7. Type of Income-tax return filed in the previous year
8. Date of incorporations/ commencement of business
9. Nature of business activity being carried out
10. No. of persons employed by the enterprise along with their gender

PROCESS OF MSMI/SSI REGISTRATION

Documentation – Firstly, prepare/collect all the documents which are required for the MSMI/SSI Registration; all documents are mentioned above.

Submits Application – After collecting all documents, submit an online application with the required documents to the MSME/Udyam office.

Scrutiny – The Udyam officials will verify the documents will check whether application information is correct or not.

Grant of registration certificate – Once application will be approved registration is done. Udyam will grant MSME registration Certificate.

Note: The process of MSMI/SSI Registration vary from State to State.

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