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MSME Modification

Apply for MSME Modification

    What is MSME?

    The Ministry of Micro, Small and Medium Enterprises, a branch of the Government of India, is the apex executive body for the formulation and administration of rules, regulations and laws relating to micro, small and medium enterprises in India

    Video

    MSME Certificate

    MSME certificates act as evidence of MSME registration. For registering more than one enterprise, applicants must go through separate MSME registration online. The fees will be charged accordingly. Each enterprise will be allotted with an individual MSME certificate.

    Eligibility for MSME Registration

    The distinction between the manufacturing and services enterprises has been removed by making the investment amount and annual turnover similar for enterprises engaged in both the sectors.

    MSME – Merged Criteria: Investment and Annual Turnover
    Sector/Enterprise TypeMicro EnterpriseSmall EnterpriseMedium Enterprise
    Manufacturing & Services Sector, BothInvestment less than Rs. 1 crore

    Turnover less than Rs. 5 crore

    Investment less than Rs. 10 crore

    Turnover up to Rs. 50 crore

    Investment less than Rs. 50 crore

    Turnover up to Rs. 250 crore

    Documents Checklist

    To avail, the MSME registration benefits the following documents are required:

    Some additional documents required for the registration are as follows.

    Business address proof

    Company registration proof

    License and purchase bills for machinery

    Steps

    One can opt for MSME registration online and offline as well. The registration process for both the manufacturing sectors and service sectors can be done on a single platform. Following is the process of MSME registration.

    1

    Form Fill Up

    • Fill up the basic form and Get ready for Expert Assistance.

    2

    Document Preparation

    • Expert assisted Document Preparation • The process can take up to 2 working days.

    3

    Submitting the application

    • Submit the application form along with the required documents.
    • After submitting the application, verification takes place.
    • The verification can take up to 2 working days.

    4

    Approval and registration

    • The registration will be done if the application has been approved.
    • The MSME certificate will be delivered to you.
    The MSME registration application form contains the following components.
    • Aadhaar details, PAN details, social category and gender of the entrepreneur.
    • Name and type of enterprise.
    • Address and contact details.

    Benefits of MSME

    The reason behind MSME registration being appealing is the wide-ranged benefits. Here are the MSME registration benefits.

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    MSME Schemes

    The reason behind MSME registration being appealing is the wide-ranged benefits. Here are the MSME registration benefits.

    1.1 Prime Minister Employment Generation Programme(PMEGP)
    1.2. Credit Guarantee Trust Fund for Micro & Small Enterprises (CGTMSE)
    1.3. Interest Subsidy Eligibility Certificate (ISEC)
    2.1. Science and Technology Scheme
    2.2. Market Promotion & Development Scheme (MPDA)
    2.3. Revamped Scheme Of Fund for Regeneration Of Traditional Industries (SFURTI)
    2.4. Coir Vikas Yojana (CVY)
    2.4.1. Coir Industry Technology Upgradation Scheme (CITUS)
    2.4.2. Science and Technology (S&T) for Coir
    2.4.3. Skill Upgradation & Mahila Coir Yojana (MCY)
    2.4.4. Export Market Promotion (EMP)
    2.4.5. Domestic Market Promotion Scheme (DMP)
    2.4.6. Trade and Industry Related Functional Support Services (TIRFSS)
    2.4.7. Welfare Measures (Pradhan Mantri Suraksha Bima Yojana (PMSBY))
    3.1. Financial Support to MSMEs in ZED Certification Scheme
    3.2. A Scheme for Promoting Innovation, Rural Industry & Entrepreneurship (ASPIRE)
    3.3. National Manufacturing Competitiveness Programme (NMCP)
    3.3.1. Credit Linked Capital Subsidy for Technology Upgradation
    3.3.3. Marketing Support/Assistance to MSMEs (Bar Code)
    3.3.4. Lean Manufacturing Competitiveness for MSMEs
    3.3.5. Design Clinic for Design Expertise to MSMEs
    3.3.6. Technology and Quality Upgradation Support to MSMEs
    3.3.7. Entrepreneurial and Managerial Development of SMEs through Incubators
    3.3.8. Enabling Manufacturing Sector to be Competitive through QMS&QTT
    3.3.9. Building Awareness on Intellectual Property Rights (IPR)
    4.1. International Cooperation
    4.2. Marketing Assistance Scheme
    4.3. Procurement and Marketing Support Scheme (P&MS)
    5.1. Entrepreneurship Skill Development Programme (ESDP)
    5.2. Assistance to Training Institutions (ATI)
    6.1. Micro & Small Enterprises Cluster Development (MSE-CDP)
    7.1. Revised guidelines (bilingual) of scheme SS&PR with effect from 15-10-2018.
    8.1. National SC-ST-HUB

    Frequently Asked Questions (FAQs)

    • Preparation & submission of application
    • All Government dues
    • Udyog Aadhaar Registration
    • MSME Certificate
    No, registration is not compulsory for MSME. However, with the MSME registration comes with many advantages such as cheaper loans, lower projection costs and preference for Government tenders. Hence, it is advisable.
    MSME certificate is valid as long as the enterprise is functioning. However, a provisional MSME certificate is valid for 5 years.
    MSME registration is for enterprises and businesses, not for individuals. However, a one-person enterprise or company is eligible for the MSME registration. The process and fees of the one-person enterprise will be the same as the regular MSME process and fees.
    Once the MSME registration is complete, you will receive a copy of MSME certificate on your registered email address.
    MSME Certificate is issued after 1-2 working days of form submission.
    Yes, they can get collateral free loans if they opt for unsecured business loans and if they maintain good CIBIL score with decent financial and loan repayment history. Rest if depends on the eligibility criteria to be cleared by applicant defined by the respective bank.
    MSME Contact us or Helpline numbers are as follows:
    For MSME: 011-23063288 / 011-23063643
    For Udyam Registration: 011-23061500 or 011-23061546
    Yes MSME borrowers get collateral free loans from financial institutions
    Government has initiated paperless work, so no physical copy is issued. However, the authority emails the certificate instead.
    MSME registration certificate is proof of being registered as an MSME. The certificate is disbursed when an MSME application gets confirmed.
    MSME refers to the Micro, Small and Medium Enterprises and Udyog Aadhaar is the 12 digit number MSME can avail by going through the Udyog Aadhaar registration process. This 12 numeric Aadhaar figure is required for the MSME registration.
    The purpose of the MSME is to help the micro, small and medium enterprises of India in growing further. These enterprises generate the majority of employment, industries and export in the country. Thus, by encouraging the MSME to grow will result in the socio-economic development of the country.
    MSME Registration and MSME Certificate Fee is free of cost.
    There are several reasons of rejection of MSME application like low CIBIL score, unpaid debts, loan defaults, low cash flow, lack of business plan, incomplete documentation, false information, etc.
    Udyam Registration is MSME registration to start business under Ministry of Micro, Small and Medium Enterprises (MoMSME) approved by Government of India. Whereas MSME/Udyog Aadhaar is a 12-digit Unique Identification Number (UIN) provided by the MoMSME for Small and Medium Enterprises (SMEs).
    For MSME registration, Aadhaar card is mandatory.
    No, credit score is not required for MSMEs.
    This link provides all details regarding Government Schemes
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