MSME Registration

The MSME sector has consistently registered a higher growth rate compared to the overall industrial sector and is emerging as a dynamic and vibrant sector of the economy.
We offer quick services for getting your business registered as an MSME.

MSME services

Our MSME Registration packages start from ₹499/- all-inclusive

What is MSME?

Government announced an INR 20 lac crore package!! What is in it for me?

Don’t worry! We are here to help! We have listed the various benefits available to MSMEs like you and the related assistance we can provide!

Table Of Contents

Overview

MSME stands for Medium, Small and Micro Enterprises which is governed by the MSME Act. MSMEs are considered as the backbone of our economy because when this sector grows, the whole economy of the country grows and flourishes. The government, therefore, has taken various steps to resolve the financing and cash flow situation faced by the MSME sector. MSME sector has created approximately 11 crore jobs across the country and contributes 29% to the Indian GDP which is even expected to grow more in the future given the government’s “Make in India” initiative.

The MSME sector was established to promote, develop and facilitate the competitiveness of smaller businesses in the economy. A business, whether in the manufacturing line or the service line, can register under the MSME act. It is not mandatory to take registration under MSME but it is advantageous for a business to get itself registered under MSME, because it provides various benefits in terms of setting up of business, credit facilities, loans, taxation etc. 

Who can register under MSME?

Any manufacturing enterprise or service rendering enterprises can register themselves as a micro, small and medium enterprise if they satisfy the composite threshold limit mentioned below :-

ClassificationMicroSmallMedium

Investment*
and
Turnover

less than 1 crore
and
less than 5 crore

less than 10 crore
and
less than 50 crore

less than 50 crore
and
less than 250 crore

*Investment – The original value (Purchase Price) of Plant and Machinery or Equipment is to be considered while calculating the amount of Investment.

Advantages of MSME

Services offered by ICI

Documents Required

Please provide us the following information and we can get back to you with a range of benefits available:

Process Flow

ICI Infographic MSME

FAQs

a. Who can apply for MSME registration?

Both existing as well as new businesses who satisfy the above threshold condition can apply for MSME registration.

b. What is the validity of the Registration?

As long as the business is ethical, functioning and financially healthy, there is no expiry date for the registration.

c. I am a trader of iron and steel. Can I register under MSME?

No, a trader is not covered in the definition of MSME because trading companies act as middlemen between manufacturer and customer, and there is hardly any innovation and capital investment.

d. I have multiple branches/ manufacturing units across India. Do I need to get separate MSME registration for each location?

No, a single MSME registration is valid for all branches/ units of the same business. However, one must furnish the details of multiple branches/ units.

e. What are the businesses which have been specifically excluded from the coverage of MSME?

» Forest and Logging

» Fishing and Aquaculture

» Wholesale, Retail Trade, and repair of motor vehicle and motorcycles

» Wholesale Trade except for motor vehicles and motorcycles

» Retail Trade except for motor vehicles and motorcycles

» Activities of households as employees for domestic personnel

» Undifferentiated goods and services-producing activities of private households for their own

» Activities of extraterritorial organizations and bodies

f. What is TReDS?

TReDS stands for Trade Receivables electronic Discount System. It is an online mechanism through which trade receivables of MSMEs can be financed by various financiers and also enables discounting of Invoices raised against large corporates, thereby reducing the pressure on working capital needs.

g. What are E-Markets?

E-Markets are virtual trade fairs and exhibitions to revive businesses, promote exports and recognition.
For any query Write to us at info@indiacompanyincorporation.com or call us @+91 9643 203 209.

h. Still Confused?

Speak to our experts who shall solve all your doubts.
Call us at  +91 7738 066 334  or Mail us at info@indiacompanyincorporation.com

Company formation in India is easy.
We can help to build your business at every stage.

Let’s get you started