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MSME Registration

About MSME Registration

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is given below.

A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh, for micro service less than Rs. 10 lakh

A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore, for small service between Rs. 10 lakh to Rs 2 Crore.

A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore, for medium service between Rs 2 core to Rs. 5 crore.

ADVANTAGE

Though not statutory, it is suitable for all. The benefits that it provides entail:

  1. Lower rates of interest
  2. Excise exemptions
  3. Power tariff subsidies
  4. Tax subsidies
  5. Capital investment subsidies.
  6. Others

Documents Required for MSME Registration

  1. Business address proof
  2. Copies of Sales bill or purchase Bill
  3. Partnership Deed or MoA and AoA
  4. Bills of machinery
  5. Copies of licenses

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