MSME Registration

MSME stands for micro, small and medium enterprises and any enterprise that falls under any of these three categories. MSME enterprises are the backbone of any economy and are an engine of economic growth, promoting equitable development for all. Therefore, to support and promote MSMEs, the Government of India through various subsidies, schemes and incentives promote MSMEs through the MSMED Act. To avail the benefits under the MSMED Act from Central or State Government and the Banking Sector, MSME Registration is required.

eFiling India offers an easy online process to register for MSME at Rs.499/- all inclusive fee

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Procedure To Obtain MSME Registration Certificate Online

Drafting Documents

Application Filing

Application Processing

Completion of Registration

Documents Required for MSME Registration

Proprietor
Partnership Firm
Company
Proprietor

Proprietor Aadhaar
Mobile Number
Company Name

Partnership Firm

Partnership deed
Pan Card of Partnership firm
Firm Registration Proof
Aadhaar Proof of All partners
Company Name

Company

Copy of MOA of the Company
Board Resolution on the Letter head
List of Directors on the Letter head
Aadhaar Proof of all Directors.
Compaany Name

What Is In Our Package?

Certificate of MSME ( Same Day)

Benefits of MSME / SSI Registration

Cheaper Bank Loans

The rate of interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.

Easy Access To Credit

PM Modi has introduced the Mudhra Loan scheme, which provides loans to MSME / SSI without collaterals.

Quicker Approvals From State and Central Government Bodies

Business registered under MSME are given higher preference in terms of government license and certification.

Tax Rebates

MSME / SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.

Cheaper Infrastructure

Charges are lower for MSME registered company for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs.

Access To Tenders

There are multiple government tenders which are open only to MSMEs to promote small business participation in the India.

[su_heading]HIGHLIGHTS[/su_heading]

[su_spoiler title=”How do you get MSME Registration?” style=”fancy” anchor=”How do you get MSME Registration?”]Although, there is no compulsion to get MSME registration but is always advised to do so as it provides lots of benefits to the enterprises registered under MSME Act. It will save you from a lot of inconveniences later on. After assigning you the Provisional MSME Certificate and you can begin with your production and even apply for a Permanent Certificate which will add more advantages for you. Always apply for provisional registration at an initial stage of the business.[/su_spoiler]

[su_spoiler title=”Is SSI/MSME Registration voluntary or mandatory?” style=”fancy” anchor=”Is SSI/MSME Registration voluntary or mandatory?”]As said above, SSI/MSME registration is totally voluntary. Businessmen and entrepreneurs usually get this done to utilise the advantages offered under it. The registration process is quite easy and simple. You can easily avail it (provided you have a manufacturing plant or a commercial space where you render services), many businesses opt for it over other registrations.[/su_spoiler]

[su_spoiler title=”Why should I apply before commencing operations?” style=”fancy” anchor=”Why should I apply before commencing operations?”]It is advisable to get a Provisional SSI Registration Certificate (PRC) before starting your operation in your enterprise. The PRC will work smoothly for you and will help you out with particular NOCs and clearances from regulatory bodies.[/su_spoiler]

[su_spoiler title=”For how long is an MSME Provisional Registration Certi􀃚cate (PRC) valid?” style=”fancy” anchor=”For how long is an MSME Provisional Registration Certi􀃚cate (PRC) valid?”]The validation of a PRC is for 5 years and if the unit is still not under operational then you may still re-apply for it. As soon as you start with your operations, you can easily apply for the Permanent License.[/su_spoiler]

[su_spoiler title=”How does SSI/MSME help me get a loan from a bank?” style=”fancy” anchor=”How does SSI/MSME help me get a loan from a bank?”]MSMEs are recognised by all the institutions and banks. Special schemes are drafted to recognise them as well. Banks prefer MSMEs instead of normal enterprises to lend loans. The possibility of getting a sanctioned loan is much higher in a case of MSME. Bank loan interest rates will also be lower. There may also be preferential treatment in case of delay in repayment.[/su_spoiler]

[su_spoiler title=”What bene􀃚ts are given to MSME by state and central government?” style=”fancy” anchor=”What bene􀃚ts are given to MSME by state and central government?”]Many state government prefers enterprises which are registered under MSMED Act. Subsidy such as on power, taxes, and much more is offered by state governments. In most of the states, sales tax exemption is provided purchase preferences is given on goods produced. The enterprise may also relish excise exemption scheme and exemption from certain direct taxes in the initial years of your business.[/su_spoiler]

[su_spoiler title=”How is the value of plant and machinery computed for SSI registration?” style=”fancy” anchor=”How is the value of plant and machinery computed for SSI registration?”]While computing the value of Plant and Machinery, only original value is asked to be taken into account as per the MSME notification.[/su_spoiler]

[su_spoiler title=”What is the support available for collateral free borrowing?” style=”fancy” anchor=”What is the support available for collateral free borrowing?”]Certain trust such as Credit Guarantee Fund Trust has been set up by Ministry of MSME, Government of India and SIDBI, so that there won’t be any breakage in the flow of credit to the MSE sector without any interference from the third party. The scheme is solidified on the basis that the lender should give importance to project viability and secure the credit facility purely on the primary security of the assets financed.

Cluster based approach to lending is intended to provide a full-service approach to cater to the diverse needs of the MSE sector which may be achieved through extending banking services to recognised MSE clusters.

The banks have, therefore, been advised to treat it as a thrust area and increasingly adopt the same for SME financing. Banks are always asked to take appropriate steps so that the flow of credit is smoothly done to the identified clusters of micro and small entrepreneurs from the Minorities Communities residing in the minority concentrated districts of the country.

The CGTMSE would provide cover for credit facility up to Rs. 100 lakh which have been extended by lending institutions without any collateral security. A nominal annual fee is charged by the CGTMSE to avail of the guarantee cover.

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[su_spoiler title=”What is credit rating and why is it mandatory?” style=”fancy” anchor=”What is credit rating and why is it mandatory?”]Credit rating is an estimate to figure out the capability of an enterprise to meet all the financial needs based on the previous year dealings. Although credit rating is not compulsive but it is in the interest of the MSE borrowers to get their credit rating done as it would help in credit pricing of the loans taken by them from banks.
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[su_spoiler title=”In which cities does eFilingIndia provide MSME registration?” style=”fancy” anchor=”In which cities does eFilingIndia provide MSME registration?”]eFilingIndia provides MSME application services across India in all cities. We have done MSME registration in Mumbai, Delhi, Gurgaon, Noida, Bangalore, Chennai, Hyderabad, Ahmedabad, Kolkata, Surat, Pune, Jaipur, Lucknow, Kanpur, Nagpur and other Indian cities.[/su_spoiler]

[su_spoiler title=”When I will get my SSI Liscense?” style=”fancy” anchor=”When I will get my SSI Liscense?”]If you are currently running small-scale industries(SSI) in India then you need to get the registration of SSI to avoid future conflicts. There is no such term as SSI License. Once you will be done with your SSI Registration, then you will get an SSI certificate which would be valid for any small scale industry runner.[/su_spoiler]

MSME/SSI REGISTRATION PROCESS

[su_row][su_column size=”1/3″][su_box title=”Complete our MSME Form” style=”soft” box_color=”#a6b3a0″]You need to fill our simple online MSME application form & submit documents.[/su_box][/su_column] [su_column size=”1/3″][su_box title=”Preparation of Documents and Filing” style=”soft” box_color=”#a6b3a0″]According to the details provided to us, we will draft your documentation accordingly and file your application.[/su_box][/su_column] [su_column size=”1/3″][su_box title=”MSME Registration Certificate” style=”soft” box_color=”#a6b3a0″]Once the SSI/MSME application is approved and your MSME certificate/SSI certificate is issued, we shall send it to you via email and courier.[/su_box][/su_column][/su_row]