How To Register MSME

With the rise of Indian young who are drawn to startups and the development of MSMEs since 2001, things are becoming more organized and advanced. As a young country, India is rapidly changing. The government is also no longer bashful about establishing favorable policies to help MSMEs exist and grow rapidly.

The Ministry of MSME is also working hard to inspire MSM enterprises involved in manufacturing and production, as well as processing or preservation of commodities, to realize that launching a business no longer costs an arm and a leg!

What is MSME Udyam Registration?

MSME registration is also known as “Udyam Registration.” Entities that meet the MSME criteria can apply for MSME registration through the government’s Udyam portal. The MSME registration is online and can be done through the Udyam registration portal. MSMEs don’t need to obtain this registration, but it is advantageous to do so because it gives numerous benefits in terms of taxation, company setup, credit facilities, loans, and so on.

MSME Registration: Eligibility

MSME registration is open to all manufacturers, service industries, wholesalers, and retailers who meet the updated MSME classification criteria for annual sales and investment. Thus, an entity’s eligibility for MSME registration is determined by its yearly turnover and investment. The entities listed below are eligible for MSME registration:

• Individuals, startups, business owners, and entrepreneurs.
• Private and public limited corporations
• Types of business entities include sole proprietorships, partnership firms, and limited liability partnerships (LLPs).
• Examples of self-help groups include cooperative societies and trusts.

Documents required for MSME registration.

The MSME registration documentation includes the following:

• Aadhaar card
• PAN card

There are no fees for MSME registration, and no documentation is required. Because the Udyam Registration Portal is integrated with Income Tax and GSTIN systems, it will immediately retrieve PAN and GST-linked information on firm investment and turnover from government databases.

GST registration is optional for businesses that do not need it. Enterprises that are required by law to seek GST registration must provide their GSTIN to obtain MSME or Udyam registration.

How to Register MSME on the Udyam Registration Portal?

The full MSME registration process is conducted online. MSME online registration can be completed on the government website – udyamregistration.gov.in. There is no MSME registration fee. MSME registration can be done online in the following two categories in the portal:

For new entrepreneurs without MSME or EM-II registration, as well as those with UAM registration through Assisted Filing.

• For new entrepreneurs who have not yet registered as MSME or those with EM-II

1. New entrepreneurs and those with EM-II registration must click the “For New Entrepreneurs who are not yet Registered as MSME or those with EM-II” button on the Udyam Registration Portal’s home page. 
2. On the next screen, enter the entrepreneur’s Aadhaar number and name and click the “Validate and Generate OTP Button”. The PAN Verification page opens after clicking this button and receiving and entering the OTP.
3. The entrepreneur must enter the “Type of Organisation” and PAN Number before clicking the “Validate PAN” button. The site retrieves PAN information from government databases and validates the entrepreneur’s PAN number.
4. After PAN verification, the Udyam Registration form will open, and entrepreneurs must submit their personal information as well as facts about their business.
5. Enter your investment and turnover information, then select the declaration and click the “Submit and Get Final OTP” button. The OTP is sent, and once entered and the form is submitted, the Udyam Registration Certificate is emailed to the user. The Udyam Registration Portal also allows entrepreneurs to check the status of their MSME registrations.

• Registration For Entrepreneurs Who Already Have UAM

Those who already have UAM registration must click the “For those having registration as UAM” or “For those already having registration as UAM through Assisted filing” button on the government portal’s home page. This will bring up a window where you may enter your Udyog Aadhaar number and select an OTP option.

The alternatives are to receive OTP on mobile as entered in UAM or via email as entered in UAM. After selecting the OTP Options, click “Validate and Generate OTP”. After entering the OTP, fill up the MSME registration form and Udyam registration will be completed.

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