Each Micro, Small or Medium must select itself for the issuance of Udyog Aadhar; this registration is substantial for the lifetime and can be acquired by those units or ventures which have already started activities and not for the enterprise which is planned to be started.
To promote the development of Micro Small and Medium Enterprises, the government of India gives different concessions and extends financial assistance exclusively to the units or enterprises which qualify to be a micro, small or medium enterprises. The Micro Small and Medium Enterprises Development Act 2006 makes it required for MSME to register themselves with government and to acquire Udyog Aadhar for availing benefits provided under MSMED Act. The wording like MSME, SSI or Udyog Aadhar is one and same thing. As such, there is just a single registration which a micro, small or medium enterprises has to obtain and that is UDYOG AADHAR. MSME is the foundation of the advanced Indian economy and is considered as the development engine for equitable and manageable financial improvement of the nation. Under MSME all kinds of enterprises can acquire registration; as manufacturers, the service providers are additionally qualified for MSME benefits. Consequently, they are additionally required to get UDYOG AADHAR Registration.
An enterprise which is engaged in manufacturing can be named as a Micro Enterprises in case the total investment in its plant and hardware is not as much as Rs. 25 Lakhs. However on the off chance that the enterprise deals in service sector then the investment must be under 10 Lakh, during the budgetary year.
An enterprise which is occupied with manufacturing can be categorized as a Small Enterprises in case the complete investment in its plant and machinery is more than Rs. 25 Lakhs yet does not range above Rs. 5 Crores. In cases where enterprises deals in service sector then the said investment must be above 10 Lakh and must not exceed Rs.2 Crores.
An enterprise which is occupied with manufacturing can be categorized as a Medium Enterprises in case that the total investment in its plant and machinery is more than Rs. 5 Crores, however, does not exceed Rs. 10 Crores. In cases where enterprises deals in service sector then the said investment must be above 2 crores and must not exceed Rs.5 Crores.
Documents Required For MSME Registration:- (All copies of documents should be self-attested by the customer)
Udyog Aadhar is a free facility by a government, and there is no fee charged by the government.
PAN Number in case of company, LLP or cooperative society, it is optional in all other cases.
Aadhar number and pan of the applicant, an OTP shall go to his mobile and email id for confirmation.
Address Proof of Establishment, either in the form of a sale deed or valid rent agreement
Bank Account Information (bank statement and cancelled cheque).
NIC Code of the products and services in which the enterprises are dealing at the time of registration.
Fill up the application form
Make online payment
Executive will process application
You will receive OTP on mobile or email
Executive will call for OTP
Provide OTP to executive
Receive certificate by mail.