Under the Udyog Aadhaar, only one page needs to be filled for registration with Aadhaar Card
acting as the sole legal document.
We do a thorough check of the files you send in
We will appoint an affiliate to process your application
The certificate will be issued within 15 days of the application
An SSI also called Small Scale Industry Registration is a registration from the Ministry of Micro, Small and Medium Enterprises. When a business registers as SSI it becomes eligible to avail government schemes and subsidies that are exclusive for small businesses.
Vakilsearch offers expert service for MSME registration:
MSME registration can be done by enterprises of sizes:
Under the MSMED Act, these small businesses get varying incentives such as:
Registering for MSME is an entire online process but seeking the help of professionals makes it more easy. Vakilsearch assists you with the online application and gets the required approval from the department.
Small scale industries play a vital role in the socio-economic development of India. To promote and encourage these small-scale industries, the government of the country created the MSMED Act. The Act was created to maintain a list of all the industries registered as MSME or SSI. The record aided in providing support and incentives to these firms. Furthermore, SSI helped in employment of people at little capital investments. All these entities should possess certificate of MSME registration, which should be registered with the Central Government’s MSME department under the Act of MSME Development- 2006
The MSMED Act includes:
To avail the numerous benefits from the Government of India, an SSI registration certificate is needed. It is an optional registration but the companies that get registered are eligible for:
In order to make the process of registering a small or medium level enterprise even more straightforward, a new act called the Udyog Aadhaar was created in 2015. Udyog Aadhaar completely replaces MSME and is conducted entirely online. Under the Udyog Aadhaar, only one page needs to be filled for registration with Aadhaar Card acting as the sole legal document.
Following are the MSME schemes offered by the government Udyog Aadhaar
Udyog Aadhaar Memorandum (UAM) was introduced under the MSMED Act, 2006 to promote the ease of doing business for MSMEs. A simple one-page form is filed and the registration is user-friendly and easy. No documentation is required, except the 12-digit Aadhaar card number. Businesses also have a provision to file more than one Udyog Aadhaar with the same Aadhaar number. UAM can be filed on a self-declaration basis.
ZED scheme encourages manufacturers to manufacture goods for export that are of highest quality. If the standards are met and goods are exported, the exporters will be eligible for rebates and concessions. If they are not exporterd, the goods will be rejected and returned to India.
This scheme is aimed at helping micro, small and medium entreprises produce quality products at competitive prices by adopting the tools. Through the tools, businesses will be able to optimize the resource, improve quality, reduce rejection and rework. Under this scheme, businesses will be sensitized about the tools through activities like workshops, campaigns and seminars.
Under this scheme, the complaints and issues of the businesses will be addressed. The business owners can also track the status of their complaint and open it again it they are dissatisfied with the outcomes.
In the banking sector, if you need to avail the benefits of the MSMED Act of 2006, you will have to opt for MSME registration.
When you register your firm with Udyog Aadhaar , the business can leverage many schemes initiated by State and Central Government. In addition to this, for availing the MSMED Act 2006 benefits in the banking sector, MSME registration becomes mandatory.
Provisional MSME Registration
The first stage of MSME registration is provisional which is given during the period before the establishment of the entity or the pre-investment period of the firm. At this point, the enterprise qualifies for:
The Provisional SSI Registration Certificate (PRC) enables small units to obtain term loans, and working capital from financial institutions and banks under priority sector lending.
Permanent MSME Registration
The second type of MSME registration is permanent. It is given to industrial units that are already functioning. Though the Act is not mandatory, it is immensely beneficial for firms to have the support of government.
Apply For Provisional Registration
A PRC ( Provisional Registration Certificate) is allotted to new enterprises without any field enquiry. It is purely an application-based form. Therefore, it has to applied in the precise prescribed form before operations begin in the unit. Once the application is submitted, the provisional registration will be provided without a physical inspection of the unit. The procedure is quick so that newly established firms can avail multiple benefits, quick loans and other necessary approvals.
Starting The Business
The provisional certificate is valid for a period of five years and the enterprise has to become operational within it. If the business fails to commence work under five years, a new application must be submitted.
Applying For Permanent SSI Registration
If the entrepreneur successfully begins operations within five years, they can apply for a permanent certification. The registration is done at the Ministry of MSMEs. The permanent SSI registration is granted only if specific conditions are met and mandatory documents are submitted.
At Vakilsearch, we are committed to helping you overcome every any obstacle that may arise in MSME registration for your enterprise.
Current account or Demand Deposit Account is used by businesses for a higher number of transactions, including deposits, withdrawals, and contra transactions. It helps in the smooth functioning of a business.
The eligibility for the scheme of MSME or SSI registration is dependent on the scale of business of the enterprise. Udyog Aadhaar registration is applicable for Proprietorship, Hindu Undivided Family(HUF), one-person company(OPC), Partnership Firm, public limited company, private limited company, production company, co-operative societies, limited liability partnership(LLP) or any association of persons or any other undertaking.
A manufacturing enterprise should have investment of less than Rs. 25 lakhs in plant and machinery. A service enterprise should have less than Rs. 10 lakhs invested. These micro enterprises are the smallest entities.
For manufacturing enterprises, the investment has to be between Rs. 25 lakhs and Rs. 5 crores in plant and machinery. For service enterprises, the range is between Rs. 10 lakhs and Rs. 2 crores.
If it is a manufacturing enterprise, the investment in plant and machinery has to be between Rs. 5 crore and Rs. 10 crores. If it is a service enterprise, the range is from Rs. 2 crores to Rs. 5 crores.
In 10 – 20 days time Vakilsearch obtains your MSME registration (without factoring in Government approval time).
2 Working Days
Following are the documents to be submitted with us:
2 Working Days
The submitted documents are filed along with the application. In some states, additional paperwork might be needed such as sale bills of machinery and municipal clearance.
15 Working Days
If production has not begun, a provisional certificate is issued for 5 years. It becomes permanent when the unit is functioning.
Central Government Looks To Add 50 Million Jobs In The MSME Sector
28 Oct 2020
The Union Minister said that the central government is looking towards adding 50 million jobs in the MSME sector, as it accounts for 30% of India’s GDP. The goal is to scale up the MSME sector’s share in exports and raise its share in the country’s GDP from 30% to 50%, thus helping the economy recover from its fall due to the Covid19 pandemic.
MSMEs to have 6 Industrial Parks in UP
03rd August: The U.P government will establish 6 industrial parks for MSMEs. These will be set up in 6 industrialised locations including Kanpur & Varanasi.
Enterprise Registration Simplified for MSMEs from 1st July
Starting from 1st July, enterprises can register themselves based on Aadhaar number alone. This is as per the new norms notified by the Government on 26th June 2020. The enterprises are no longer required to upload certificates and documents for registering online. They can provide these details with a self-declaration. This new process is named as “Udyam Registration” and is made possible after the successful integration of the registration process with those of GST and Income Tax. The details provided in the self-declaration will be duly verified by the authorities based on GSTIN and PAN. Those who do not have Aadhaar can approach the Single Window Systems along with their identity proof for Aadhaar enrollment request, bank passbook copy, voter ID card, driving license, or passport. The Single Window Systems will facilitate registration after receiving the Aadhaar number.
MSMEs Registered With GST Won’t Require UAN For Availing Interest Subvention Scheme
04-Mar-2020: The Union Minister for MSMEs, has said that MSMEs registered with GST won’t require Udyog Aadhaar Number (UAN) for availing the Interest Subvention Scheme. The Scheme aims to provide incentives to MSMEs for coming to the GST platform.
Udyog Aadhaar Registration Is Mandatory For IPR Scheme For MSMEs
22-Feb-2020: The NMCC has started the Intellectual property rights (IPR) Scheme to increase competitiveness among the MSMEs. Udyog Aadhaar Number (UAN) is mandatory for enrollment under the scheme. It will safeguard the ideas and business strategies of the MSMEs.
MSMEs With Udyog Aadhaar Number Can Avail The ZED Scheme
15-Feb-2020: The ZED scheme (Zero Defect and Zero Effect) for MSMEs was started to improve the quality of products. All MSMEs registered with the Udyog Aadhaar are eligible for enrolment under the scheme. It provides concessions on loans, aid for adopting new technologies and so on.