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Read MoreWhat Is MSME Registration?
MSME registration is a government initiative designed to empower businesses classified as Micro, Small, and Medium Enterprises (MSMEs). Although not mandatory, MSME registration can provide numerous benefits, including access to government schemes, tax exemptions, and easier loans. Businesses can easily register online through the Udyam portal.
Updated MSME Definition and Criteria in 2024
| Type of Enterprise | Investment | Turnover |
|---|---|---|
| Micro | Rs 1 crore | Rs 5 crore |
| Small | Rs 10 crore | Rs 50 crore |
| Medium | Rs 50 crore | Rs 250 crore |
MSME Registration Eligibility
Any of the following entities can register for MSME registration :
Individuals, startups, business owners, and entrepreneurs
Private and public limited companies
Sole proprietorships
Partnership firms
Limited Liability Partnerships (LLPs)
Self-Help Groups (SHGs)
Co-operative societies
Trusts
Documents Required for MSME Registration
To begin the MSME registration process, the following documents are necessary :
Aadhaar Number : Identification and address proof
PAN Number : For tax verification
Business Address Proof : To confirm the location of the business
Bank Account Number : To verify financial transactions
Basic Business Activity : Description of the business
NIC 2-Digit Code : Helps categorize your business activity
Investment and Turnover Details : Based on updated MSME definitions
Partnership Deed : For partnership businesses
Sales and Purchase Bill Copies : To validate business transactions
Licenses and Machinery Bills : To ensure regulatory compliance
MSME Registration Fees
The MSME registration process is entirely free of charge.
How to Register an MSME Without an Aadhaar Card?
If you don’t have an Aadhaar card, the MSME registration can still proceed via the District Industries Centre (DIC) or MSME Development Institute. Accepted alternative IDs include :
Aadhaar enrolment or request copy
Voter ID, passport, driving license, PAN card, or bank passbook
MSME Registration Number
The MSME registration number, also known as the Udyam Registration Number, is a unique 19-digit identification number provided to MSMEs upon registration. This number serves as proof of registration and enables businesses to access government schemes.
MSME Registration Check
To verify your MSME registration :
Visit the official Udyam Registration Portal.
Click on the ‘Print/Verify’ tab and select ‘Verify Udyam Registration Number’.
Enter the 19-digit Udyam Registration number (e.g., UDYAM-XX-XX-XXXXXXX).
Enter the captcha code and click ‘Verify’.
