MSME Registration
MSME refers to Micro, Small and Medium Enterprises. They are one of the vital components of India’s economy, While MSME Registration is not a mandatory process, it is still recommended to get it done as it provides a range of benefits including tax benefits, subsidies, and more.
MSME Registration is a fully online process and the entire registration process is simple and straightforward. You can easily get the registration done in a paperless manner at Udhyam Registration website, which is a government portal.
Steps for MSME Registration
You can either choose to register for MSME by yourself through Udhyam Registration website or take assistance. Here are the steps to follow if you are planning to register yourself. The entire process is free.
1. Visit Udhyam Registration website. Be sure to check the website address and ensure that it’s the correct one.
2. Select one of the two categories:
i). New Entrepreneurs who are not Registered yet as MSME or those with EM-III
ii). Businesses having UAM registrations
- For those registering for the first time, fill the required details and upload the required documents. Submit the form and validate with OTP.
- For those who already have UAM registrations, validate your Aadhar Number with OTP.
- Once the validation is done, your registration is successful. Upon successful completion of the registration, you will receive an e-certificate and permanent identity number issued by Udhyam Registration.
Benefits of MSME Registration
1. Tax benefits
Businesses with MSME registration enjoy various tax subsidies & rebates from the government.
2. Cheaper loans
The rate of interest on loans is cheaper for MSMEs than other business loans. MSMEs also get collateral free loans under PM’s Mudhra Loan scheme.
3. Faster approvals
MSME’s are also preferred by state and central governments while for government license and certification.
4. Access to tenders
MSME Registrations enables businesses to have access to tenders specifically passed for MSMEs.
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