Depending on an applicant’s business annual turnover, he/she can apply for an MSME loan by checking and comparing loan deals from various financial institutions and filling and submitting a loan application forms online. Applicants can apply for MSME registration by visiting the bank’s official website and applying online, free of cost. Let’s further discuss MSME registration with steps and processes involved; along with related information.
New Process for MSME Registration Online
Below mentioned are the steps to follow for the Registration Process for MSME:
Step 1: Fill in MSME registration form online with all required details by visiting the official website by clicking here
Step 2: After submitting the application form along with documents, the applicant shall receive a registration number
Step 3: Next step is paying the registration fee online
Step 4: After payment is successful, the authority will register the applicant’s business as MSME within 1-2 working days
Step 5: MSME registration certificate shall be delivered by email to the applicant’s registered email address.
The process for MSME registration is quick and hassle-free for businesses to get registered as MSMEs under the Ministry of MSME.
Eligibility for MSME Registration
The distinction between the manufacturing and services enterprises has been removed by making the investment amount and annual turnover similar for enterprises engaged in both sectors.
|MSME – Merged Criteria: Investment and Annual Turnover|
|Sector/Enterprise Type||Micro Enterprise||Small Enterprise||Medium Enterprise|
|Manufacturing & Services Sector, Both||Investment less than Rs. 1 crore|
Turnover less than Rs. 5 crore
|Investment less than Rs. 10 crore|
Turnover up to Rs. 50 crore
|Investment less than Rs. 50 crore|
Turnover up to Rs. 250 crore
Best SME/MSME Loan offers are just a click away Apply Now
Documents required for MSME Registration Online
- Duly filled application form with passport-sized photographs
- KYC documents of applicant: passport, voter ID card, Aadhaar card, driving license, utility bills (water & electricity bills)
- Business PAN card
- Business Establishment Certificate
- Income Proof
- Bank details
- Last 6 months’ bank statement
- Rent or Lease agreement
- NOC from the landlord
- Any other document required by the bank or NBFC
Benefits of MSME Registration
- Helps in availing loans at low-interest rates
- Helps in getting government tenders
- Becomes easy to get licenses, approvals, and registrations
- Compensation of ISO certificate expenditure
- Registered MSMEs gets tariff subsidies and tax and capital subsidies
- Under bank loan, 15% import subsidy on fully automatic machinery
- Gets exemption under Direct Tax Laws
Components of MSME Application Form
- Aadhar number
- Name of Entrepreneur as per Aadhar card
- Social category (General, OBC, SC/ST)
- Physically Handicapped
- Name of Enterprise
- Type of Organization (Proprietorship, Partnership Firm, Private or Public Limited Company, Limited Liability Partnership, Co-operative Society, Hindu Undivided Family, Self-Help Group, Society or Trust)
- PAN Card
- Location/Address of Plant
- Country, State, District, City, Tehsil, PIN Code
- Office Address
- Mobile Number, Email ID
- Date of Commencement of Business
- Bank account number and IFSC code
- Business activity of an enterprise
- NIC 2 Digit Code – choose a primary activity
- Additional detail of the enterprise
- Number of employees
- Investment amount in Plant & Machinery
Best Working Capital Loan offers from leading banks Apply Now
How to Check MSME Registration status by name and reference number?
Follow the below steps to check the status via name and registration number:
Step 1: To check MSME application status, applicants can visit the MSME registration official portal or click here
Step 2: Applicants need to enter their 12 digit UAM number followed by verification code as displayed in the captcha image
Step 3: Click on ‘Verify’ to check the status of MSME registration online
Steps to Print / Download Udyog Aadhaar / MSME Registration Certificate Online:
Below mentioned are the steps to download the registration certificate online:
Step 1: To print Udyog Aadhaar / MSME registration certificate, an applicant can click here https://udyamregistration.gov.in/UA/PrintAcknowledgement_Pub.aspx to fill in the required details
Step 2: Applicant is required to enter his/her 12 digit UAM No. i.e. DL05A1234567
Step 3: Applicant also needs to enter his/her mobile number, as per Udyog Aadhaar Certificate
Step 4: After submitting these details, applicants can download or print their Udyog Aadhaar / MSME registration certificate
Note: Update or correction in MSME certificate is free of cost, same like registration is free
Get Your Free Credit Report with Monthly Updates Check Now
FAQs on MSME Registration
Q: Who can apply for MSME registration?
Ans: MSME registration can be obtained by the following entities:
- Individuals, Startups, MSMEs, business owners & entrepreneurs
- Private and Public Limited Companies
- Sole Proprietorships
- Partnership Firms
- Limited Liability Partnerships (LLPs)
- Self Help Groups (SHGs)
- Cooperative Societies
- Trusts, and many other entities
Q. How can I get a copy of my MSME certificate?
Ans. Once the MSME registration is complete, you will receive a copy of the MSME certificate at your registered email address.
Q. What is MSME Certificate Update Fee?
Ans. MSME Registration and MSME Certificate Fee is free of cost.
Q. When MSME Certificate will be issued?
Ans. MSME Certificate is issued after 1-2 working days from the date of form submission.
Q. What are the chances of rejection of an Online MSME Application?
Ans. There are several reasons for rejection of MSME application like low credit score, unpaid debts, loan defaults, low cash flow, lack of a business plan, incomplete documentation, false information, etc.
Q. Can the MSME borrowers get collateral-free loans from banks?
Ans. Yes, they can get collateral-free loans if they opt for unsecured business loans and if they maintain a good CIBIL score with decent financial and loan repayment history. Rest if depends on the eligibility criteria to be cleared by the applicant defined by the respective bank.
Q. What is the difference between Udyam Registration and MSME/Udyog Aadhar?
Ans. Udyam Registration is MSME registration to start a business under the Ministry of Micro, Small and Medium Enterprises (MoMSMEs) approved by the Government of India. Whereas MSME/Udyog Aadhaar is a 12-digit Unique Identification Number (UIN) provided by the MoMSME for Small and Medium Enterprises (SMEs).
Q. What is the MSME helpline?
Ans. MSME Contact us or Helpline numbers are as follows:
For MSME: 011-23063288 / 011-23063643
For Udyam Registration: 011-23061500 or 011-23061546
Q: Is Aadhaar number mandatory for online MSME registration?
Ans: For MSME registration, Aadhaar card is mandatory.
Q: Can MSME borrowers get collateral-free loans from financial institutions?
Ans: Yes MSME borrowers get collateral-free loans from financial institutions
Q: Is a credit score necessary for the MSE borrowers?
Ans: No, a credit score is not required for MSMEs.
Ques: Do I get a hard copy or physical copy of the MSME certificate?
Ans: Government has initiated paperless work, so no physical copy is issued. However, the authority emails the certificate instead.