What is MSME Registration?

Recently Government of India has introduced various schemes, subsidies, and incentives to promote MSME (Micro, Small and Medium Enterprises) through MSMED act. Not only the government but banks are also providing loans to these MSMEs at very concessional rates to set their first brick of the business. However, to get these benefits from the central and the state government or the banking sector, you would have to apply for MSME Registration. The Government of India has made it compulsory to have an Aadhar Number for Registration under the MSME act. For MSME, an application will be filed online using the official website of Udyog Aadhar Registration at Udyog Aadhar Website and this can be verified using the Aadhar OTP.

It's is playing a very crucial role across the nation for small and medium enterprises. It has been observed from various surveys that the economic growth of the country not only depends upon large scale enterprises but also on small sector enterprises operating in India. It is the backbone of such country whose economy is depends upon agriculture. India has huge stock of natural resources therefore the growth of small scale industries is certain. In the year 2015, government changed MSME registration into Udyog Aadhar Registration.

What are the Documents Required for MSME Registration?

The next step is to collect document for registration.

Hence, the following are the required documents for registration-

• PAN Card of the proprietor/ all the partners/all the directors
• Aadhar Card of the proprietor/all the partners/all the directors
• Proof of ownership of premises such as allotment letter/possession letter/lease agreement/property tax receipt.
• If rented premises then rent agreement and NOC from the landlord along with the utility bill
• Copy of sale bill for each end product
• Copy of purchase bill of each raw material purchased
• Copy of Partnership Deed in case of partnership firm
• Copy of Memorandum and Articles of association and certificate of incorporation in case of Private Limited Company Registration along with the Board's Resolution authorizing the director to sign the application
• Copy of Industrial License as obtained under Industrial Development and Regulation Act,1951
• An affidavit on Rs. 10/-non judicial stamp paper duly attested by Notary Public affixed providing the status of machinery installed, power requirement etc.
• Purchase bill of machinery installed
• Bills in relation to purchasing and installation of plant and machinery
• Bank Account Statementss