Micro, small and medium enterprise registration  in india currently provide 6.11 percent of manufacturing gross domestic product and 33.4 percent of manufacturing output respectively. They also employ 120 million people in india accounting for around 45 percent of the country total export.

In india becoming a part of the msme sector necessitate msme registration. Regardless of whether a firm is in the manufacturing and service sector, it must complete msme registration portal as outlined by the micro, small and medium enterprise registration act.

Micro, small and medium enterprise registration gives a number of advantage to enterprise in terms of taxation and financing resource to help them grow. Let us delve a little more into msme registration in india.

What is the procedure for registering a small business?

To complete their micro, small and medium enterprise registration  enterprise must go to the udyam registration site. There are two major category for their registration.

Entrepreneur who have not yet registered as an micro, small and medium enterprise should do so as soon as possible.

For individual who have already completed micro, small and medium enterprise registration as an entrepreneur memorandum part two and  udyog aadhaar memorandum registration is required.

Entrepreneur may now register for a new micro, small and medium enterprise.

Simply go to the udyam registration portal to register an micro, small and medium enterprise. With and without a permanent account number card and an aadhar card number this can be done.

The procedure for obtaining a permanent account number card for an micro, small and medium enterprise are as follows.

On the portal go to the for new entrepreneur who have not yet registered as micro, small and medium enterprise tab.

Fill in your name and aadhar number as suggested on the micro, small and medium enterprise registration page.

Create and verify an one time password.

If you already have a permanent account number card the site will pull information from the government database but you will need to complete the income tax return form.

After authenticating your permanent account number fill out the information for your factory and industry.

After you have entered all of your information you will need to submit it to get a final one time password.

After this stage your micro, small and medium enterprise registration will be complete and you will be given a reference number. It may take a few hour for the micro, small and medium enterprise registration to be verified after which you will receive the udyam registration certificate.

Suggested read udyog aadhaar print download.

The majority of the procedure for micro, small and medium enterprise registration without a permanent account number card are the same as those described above however you must select no as an answer to the question do you have a permanent account number?

The remaining data industry and personal  must be filled in to complete the procedure.

To avoid udyam registration suspension remember to update your permanent account number and goods service tax identification number on the portal.

For individual who already hold an entrepreneur memorandum part two and udyog aadhaar memorandum micro, small and medium enterprise registration.

If you already have an entrepreneur memorandum part two and udyog aadhaar memorandum  registration go to the udyam registration portal and click the for those who have an entrepreneur memorandum part two and udyog aadhaar memorandum registration button.

Then in the following step input your udyog aadhar number and generate one time password. The micro, small and medium enterprise registration procedure will be completed at this point.

What are the advantage of registering your business as a small one?

Individual that register as micro, small and medium enterprise have an easier time getting bank loan at lower interest rate than conventional loan.

Under the micro, small and medium enterprise act enterprise that have received an micro, small and medium enterprise certificate are entitled to tax exemption.

Micro, small and medium enterprise that are registered are given priority when applying for government license and certification.

An enterprise can obtain simple access to loan and financing by completing the micro, small and medium enterprise registration process.

A registered micro, small and medium enterprise also receive reimbursement for the cost of international standard organization certification.

It also allows the permitted minimum alternate tax credit to be carried forward for a period of fifteen year.

Because of various reduction and rebate, the overall cost of obtaining a product patent as well as establishing an enterprise falls after micro, small and medium enterprise registration.

It facilitate the acquisition of government tender. This is due to the udyam registration portal connection with the government electronic marketplace which allow for quick access to electronic tender.

What document are needed to register an micro, small and medium enterprise?

Several paper are necessary for micro, small and medium enterprise registration and must be submitted by the business organization. These are some of them.

Proof of business address.

Bill of sale and purchase copies.

Memorandum of association as well as partnership deed.

Bill and permit for machinery purchased for usage.

Also read udyog aadhaar print.

How can i find out if my micro, small and medium enterprise registration is active?

Using the reference number and name you may check the micro, small and medium enterprise registration status. The following are the action to take.

Visit the msme registration official website.

As indicated in the captcha  picture enter the 12 digit udyog aadhaar memorandum number followed by the verification code.

To verify the status of your micro, small and medium enterprise registration click the verify button.

How can i print and download my micro, small and medium enterprise registration certificate.

The following are the procedure to print your udyog aadhaar online.

Go to the udyam registration portal.

Enter your 12 digit udyog aadhaar memorandum number as well as your registered mobile phone number.

To print and download your micro, small and medium enterprise registration certificate click submit.

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