The document outlines the MSME (Micro, Small & Medium Enterprises) registration process in India, detailing its significance to the business sector and eligibility criteria as per the MSME Act of 2006. It describes the online registration procedure and highlights several benefits, including easier access to credit, government policies for support, and a special grievance monitoring system. Additionally, it mentions various initiatives aimed at boosting MSME growth and offers contact information for assistance.

1. MSME REGISTRATION | ONLINE
PROCESS, ELIGIBILITY & BENEFITS
Micro, Small & Medium enterprise i.e. MSME registration holds a much crucial position in
the business sector of India. MSME sector is under the topmost priority segment of the
government and they are bringing in favourable laws to boost this sector. To give you more
insights about the MSME registration process and benefits attached with it, we would give a
step by step brief introduction of MSME registration in India.
What is MSME registration?
According to the guidelines mentioned under the micro, small & medium enterprises act,
2006 viz. also known as MSME act, 2006 are classified in two broad categories:
1. Manufacturing enterprise; which are engaged in production of goods comes directly
under the purview of Schedule (I) of Industries act, 1951 OR enterprises which requires
installation of plant and machinery in the formation of final product.
2. Service enterprise; which are engaged in rendering services to individuals/corporates or
a group of persons that requires installation of various equipment for the same.
Who is eligible for MSME registration in India?
Any manufacturing or service provider, which fulfills the above mentioned conditions, must
apply for MSME registration before actually start trading. The updated & new guideline will
come into force from 1st
July, 2020 to get a MSME registration in India.

2. What is the process of MSME registration/Udyam registration in India?
- Login to Udyam registration portal [https://udyamregistration.gov.in/]
- Choose the appropriate category under which your business lies
 For new entrepreneurs
Aadhaar card details & subsequent verification

3. GST Identification number (GSTIN)/ Permanent account number (PAN)
Application form for Udyam registration needs to be filled carefully.
Mobile no/Email ID, Social category, Gender, Name of enterprise, complete permanent
address, Bank details, Commencement of business etc.
These are some of the details which need to be filled in very cautiously while applying for
MSME registration online.
 For already registered enterprises

4. Existing enterprises registered under EM-Part II must re-register on or after 01st
July, 2020
- Several other documents are also required to be attached with the MSME registration
application.
- Click the checkbox of “Agree to terms & conditions” after carefully going through all the
conditions.
- “Submit” & verify the application by an OTP
- Once all your documents are processed and checked for authorization, MSME certificate will be
issued & will be sent to you via Email.
Some of the benefits associated with MSME registration in India
1. Ease in getting credit
Since the government policies are directed towards uplifting the MSME sector in India
therefore, it becomes quite easy for a potential MSME registration to get credit facility from
a public sector bank (PSB)/Private sector bank. However, this will lead to the exponential
growth in the Indian economy.
2. Government policy
Scheme of Fund for Re-generation of Traditional Industries SFURTI
Credit Guarantee Trust for Micro & Small Enterprises CGTMSE
Prime Ministers Employment generation programme PMEGP
Micro unit development & refinance agency ltd. MUDRA
National Manufacturing policy NMP
Interest Subsidy scheme
Atmanirbhar Abhiyan
These policies forms a major part of the governments initiative to boost the MSME
registration in the economy.
3. Fast track approval of MSME registration
Considering the exponential growth associated with MSME sector and its importance in the
growth of Indian economy, the government has made the process of MSME registration

5. simple, easy & convenient. Find online CA services for faster and easier MSME registration
in India.
4. Special grievance monitoring system
Government has come up with a special “champions” portal that will look after the
grievances related with MSME registration in India. Champions control room working in
collaboration with the ministry & various other institutes, will be a single window system for
facilitating all the grievance of MSME registration, application and other ministerial
approval.
5. Other benefits
Min. alternate tax, Incubation research centres to boost growth of potential MSME’s, Zero
defect Zero effect scheme for export oriented MSME’s; are some of the benefits which help
an MSME to reach the highest point in the Indian business environment.
Source: https://blog.caonweb.com/udyam-registration-in-india/
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