(Udyam Registration) MSME Registration

Get MSME Registration in Jaipur at just ₹ 200/- (All inclusive)

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Introduction

As per the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006, Micro, Small, and Medium Enterprises (MSMEs) are categorized into Manufacturing Enterprises and Service Enterprises. Manufacturing Enterprises engage in the production of goods, while Service Enterprises provide services. Legal Window offers comprehensive services for MSME registration and other necessary compliance requirements. For assistance, contact our team at 8890077750 or email financialchartered.com@gmail.com.

Advantages of Udyam Registration (MSME)

Timely Payments of Dues

MSMEs can benefit when buyers fail to make timely payments, requiring buyers to pay three times the interest as prescribed by RBI if payment is not made within 45 days.

Subsidy on IP Registration

Enterprises with an MSME registration certificate receive a 50% subsidy for trademark/patent registration by applying to the respective ministry..

Collateral-Free Borrowings

Credit Guarantee Fund Scheme for MSME provides term loans and working capital facilities up to Rs. 100 lakh per borrowing unit without collateral security or third-party guarantee.

Capital and Other Grants for Infrastructure Development

The government provides capital grants for infrastructure development and supports entrepreneurial development in recognition of MSMEs' role in employment generation.

Eligibility Criteria

Classification	Investment in Plant and Machinery and Equipment	Turnover
Micro enterprise	Not more than INR 1 Crore	Not more than INR 5 Crore
Small enterprise	Not more than INR 10 Crore	Not more than INR 50 Crore
Medium enterprise	Not more than INR 50 Crore	Not more than INR 250 Crore

Documents Required

PAN Card of Entity

Cancelled Cheque

GSTN, if any

Aadhar Card of Individual/Authorized Signatory

Process of Udyam Registration (MSME)

Fill the Simple Questionnaire

Complete the questionnaire provided by our team.

Provide Documents

Submit all required documents along with the questionnaire

Application Submission

We will apply for Udyam registration for your entity.

Issuance of Certificate

Once registered under the MSME Act 2006, we will provide you with the registration certificate via email.

MSME Schemes Launched by the Government

Bank Loan at Cheap Rates

MSMEs can avail loans from banks at minimal rates.

ISO Expenses Reimbursement

MSMEs receive a 75% reimbursement of certification expenses on ISO Quality Management Systems (QMS)/ISO 9001, and more.

Performance & Credit Rating Scheme

Trusted third parties assess the strengths and weaknesses of enterprises, facilitating access to loans at cheaper rates.

Concession in Electricity Bills

MSMEs can apply to Electricity Boards to avail benefits.

FAQs on Udyam Registration

Is registration under MSME compulsory

No, MSME registration is not compulsory. It is voluntary, and businesses and entrepreneurs who wish to avail benefits under MSME can choose to register.

Can I open a current account using Udyam Registration?

Yes, you can open a current bank account via Udyam Registration. For Micro, Small, and Medium-Sized Businesses, it is regarded as a certificate of business registration.

For how long is an MSME Registration Certificate valid

An MSME Registration Certificate is valid for a lifetime.

What is the benefit of Udyam Registration?

Udyam Registration provides various benefits, including timely payment of dues, subsidies on IP registration, collateral-free borrowings, and grants for infrastructure development.

How does SSI/MSME help me get a loan from a bank?

Banks consider MSME registration as a positive factor when evaluating loan applications, making it easier to obtain loans at favorable terms.

Can we make any updates in details of the MSME Certificate?

Yes, updates to the details of the MSME Certificate can be made through the Udyam Registration portal.

Which bank is best for an MSME loan?

Several banks provide MSME loans. The choice depends on various factors such as interest rates, terms, and the specific needs of the business.

Is MSME registration and Udyam Registration the same?

Yes, Udyam Registration is the new name for MSME registration. It is an upgraded and simplified registration process.

Who all can apply for Udyam Registration?

Micro, Small, and Medium-sized enterprises engaged in manufacturing or service activities can apply for Udyam Registration.

I have lost my earlier MSME Certificate. How can I restore it back?