Know how to do MSME registration 2021

Depending upon a candidate’s business yearly turnover, he/she can apply for MSME registration by checking and looking at loan arrangements from different monetary organizations and filling and presenting loan application forms online. Candidates can apply for MSME registration by visiting the bank’s official site and applying online, liberated from cost. How about we further examine MSME registration with steps and cycles required; alongside related data.  

New Process for MSME Registration Online   

Following are the steps to follow for the MSME Registration Process:   

• Step 1: Fill in MSME registration form online with all necessary details by visiting the official site by clicking here  

• Step 2: After presenting the application form alongside documents, the candidate will get a registration number  

• Step 3: Next loan is paying the registration charge online 

• Step 4: After the installment is effective, the position will register the candidate’s business as MSME within 1-2 working days  

• Step 5: MSME registration certificate will be conveyed by email to the candidate’s registered email address.  

The process for MSME registration is fast and hassle-free for organizations to get registered as MSMEs under the Ministry of MSME.  

Eligibility for MSME Registration   

The differentiation between the manufacturing and services enterprises has been taken out by making the investment amount and yearly turnover similar enterprises engaged in both sectors.  

Documents Needed for MSME Registration Online   

• Duly filled application form with identity-sized photos  

• KYC documents of candidate: identity proof, elector ID card, Aadhaar card, driving license, utility bills (water and power bills)  

• Business PAN card  

• Business Establishment Certificate  

• Income Proof  

• Bank details 

• Last 6 months bank statements 

• Rent or Lease agreement  

• NOC from the landowner  

Some other documents needed by the bank or NBFC  

Advantages of MSME Registration   

• Helps in benefiting loans at low-interest rate s  

• Helps in getting government tenders  

• Turns out to be not difficult to get licenses, approvals, and registrations  

• Compensation of ISO certificate expenditure  

• Registered MSMEs gets tariff subsidies and tax and capital sponsorships  

Components of MSME Application Form   

• Aadhar number  

• Name of Entrepreneur according to Aadhar card  

• Social classification (General, OBC, SC/ST)  

• Sexual orientation  

• Physically Handicapped  

• Name of Enterprise  

• Kind of Organization (Proprietorship, Partnership Firm, Private or Public Limited Company, Limited Liability Partnership, Co-employable Society, Hindu Undivided Family, Self-Help Group, Society or Trust)  

• Pan Card  

• Location/Address of Plant  

• Nation, State, District, City, Tehsil, PIN Code  

• Office Address  

• Mobile Number, Email ID  

• Date of Commencement of Business  

• Account number and IFSC code  

• Business activity of an enterprises   

• NIC 2 Digit Code – pick an essential action  

• Additional detail of the enterprise  

• Number of employees  

• Investment sum in Plant and Machinery  

How to Check MSME Registration Status by Name and Reference Number?  

Follow the below given steps to check the status through name and registration number:  

• Step 1: To check MSME application status, candidates can visit the MSME registration official site  
• Step 2: Applicants need to enter their 12 digit UAM number followed by a confirmation code as shown in the Captcha  
• Step 3: Click on ‘Confirm’ to check the situation with MSME registration on the web  

Steps to Print/Download Udyog Aadhaar/MSME Registration Certificate Online:  

Below are the steps to download the registration declaration on the web:  

• Step 1: To print Udyog Aadhaar/MSME registration certificate, a candidate can click here https://udyamregistration.gov.in/UA/PrintAcknowledgement_Pub.aspx to fill in the necessary details  

• Step 2: Applicant is needed to enter his/her 12 digit UAM No. for example DL05A1234567  

• Step 3: Applicant additionally needs to enter his/her mobile number, according to Udyog Aadhaar Certificate  

• Step 4: After presenting these details, candidates can download or print their Udyog Aadhaar/MSME registration certificate  

FAQs on MSME Registration  

Q: Who can apply for MSME registration? 

Ans. MSME registration can be acquired by the following businesses:  

Individuals, MSME loan for new business, MSMEs, entrepreneurs, and business visionaries 

• Private and Public Limited Companies
• Sole Proprietorships
• Partnership Firms
• Limited Liability Partnerships (LLPs)
• Self Help Groups (SHGs)
• Cooperative Societies
• Trusts, and many other entities

Q: How might I get a copy of my MSME certificate? 

Ans. When the MSME registration is finished, you will get a copy of the MSME certificate at your registered email address.  

Q: What is MSME Certificate Update Fee? 

Ans. MSME Registration and to acquire MSME Certificate Fee is Free of Cost.   

Q: When MSME Certificate will be given? 

Ans. MSME Certificate is given following 1-2 working days from the date of form submission.   

Q: What are the MSME helpline numbers? 

Ans. MSME Contact us or Helpline numbers are as per the following:   

• For MSME: 011-23063288/011-23063643  

• For Udyam Registration: 011-23061500 or 011-23061546  

Q: Is Aadhaar number compulsory for online MSME registration?  

Ans: Yes, For MSME registration Aadhaar card is compulsory.  

Q: Can MSME borrowers get insurance-free loans from financial institutions?  

Ans: Yes, MSME borrowers get security-free loans from financial institutions.  

Q: Is a Loan score or CIBIL score important for MSME borrowers?  

Ans: No, a CIBIL score isn’t always needed for MSMEs.  

Q: Do I get a printed version or a physical copy of the MSME certificate?  

Ans: Government has started paperless work, so no physical copy is given. However, the authority email the certificate instead. 

Conclusion: 

Lastly, MSME registration can make availing of a business loan easier. One can also apply for an MSME loan for a new businessin order to expand or grow your business or to overcome the financial crisis. To get a business loan comes to Afinoz. 

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