MSME Registration
What is MSME Registration?
MSME stands for micro, small, and medium-sized businesses. The MSME sector is the foundation of the economy in a developing nation like India. The nation's economy as a whole expands and thrives as these industries prosper. SSIs or small-scale industries are another name for these businesses.
MSME Registration is free and divided into two primary categories, such as manufacturing firms and service enterprises. Any business that wants to legally launch and run in India must first complete the MSME registration process.
MSME Registration
How can we help you?
Contact us at the Consulting WP office nearest to you or submit a business inquiry online.
Revised Classification
The basis for classification of an enterprise as a micro, small and medium enterprise is-
Classification
Investment in plant and machinery or equipment
Turnover
Micro enterprise
< INR 1 Crore
< INR 5 Crore
Small enterprise
< INR 10 Crore
< INR 50 Crore
Medium enterprise
< INR 50 Crore
< INR 250 Crore
Other points to be kept in mind :-
- Udyam registration is free of cost.
- Aadhaar number is mandatory for obtaining udyam registration.( Mobile number must be linked with aadhar card )
Following Aadhaar number is required based on the type of firm :-
Type of firm
The person whose Aadhaar number is required
Proprietorship firm
Proprietor
Partnership firm
Managing partner
Hindu Undivided Family
Karta
Company or a Co-operative Society or a Trust or a Limited Liability Partnership
Authorized signatory
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