MSME Registration stands for Micro, Small, and Medium Enterprises. If you own a manufacturing or service sector business in India, you can register it under Udyam Registration. It is the new and official process introduced by the government for registering MSMEs in India.
MSMEs are classified into 2 categories:
Old Definition |
Enterprise | Investment in plant and machinery or equipment | Turnover |
---|---|---|
Micro Enterprise | Not more than INR 1 Crore | Not more than INR 5 Crore |
Small Enterprise | Not more than INR 10 Crore | Not more than INR 50 Crore |
Medium Enterprise | Not more than INR 50 Crore | Not more than INR 250 Crore |
Revised Definition |
Enterprise | Investment in plant and machinery or equipment | Turnover |
---|---|---|
Micro Enterprise | Up to ₹2.5 crore | Up to ₹10 crore |
Small Enterprise | Up to ₹25 crore | Up to ₹100 crore |
Medium Enterprise | Up to ₹125 crore | Up to ₹500 crore |
MSME Registration Certificate is the official proof that a business is registered under the Micro, Small, and Medium Enterprises (MSME) category. It contains a unique identification number issued through the Udyam Registration Portal. This certificate confirms that the business is officially recognized as an MSME and is eligible for various government benefits and schemes.
As per the government notification dated 26th June 2020, all existing MSMEs registered under MSME or Udyog Aadhaar must migrate to the new Udyam Registration system.
Each existing MSME will be considered valid under the new scheme only till 31st March 2021. To continue receiving MSME benefits, businesses were required to register or convert to Udyam Registration on or before 31st March 2021.
The Udyam Registration Certificate ensures that MSMEs can avail all the benefits and support provided by the government.
Feel free to contact our executive through the inquiry form.
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Lokesh Rawat, From Madhya Pradesh
Recently applied Udyam Certificate