- No Objection Certificate (NOC) Format for Private Company Registration
- MSME Certificate - How to Download MSME Registration Certificate?
- Difference between LLP and Company - Which is Better for Taxation
- How to Check Name Availability for Registration in India Online?
- Registration and Incorporation of a Company Explained
- How to Check Name Availability for Pvt Ltd Company Registration?
- What is a Company Certificate of Registration & How to Download It?
- Section 8 Microfinance Company Registration - Process & Fees
- What is a Company Registration Number (CRN )?
- Pvt Ltd Company Registration Fees in India
How to Download MSME Registration Certificate?
MSMEs, representing Micro, Small, and Medium Enterprises, are the backbone of India's economic development. These are also known as Small Scale Industries (SSIs). By providing job opportunities, promoting creativity, and fostering entrepreneurship, they empower numerous individuals throughout the nation to pursue and achieve their aspirations to the utmost degree. Small-scale industries or SSIs can benefit from various schemes and incentives offered by the government if they register as MSMEs under the MSME Act.
In this article, we will guide you about MSME and all the steps to download the MSME registration certificate.
What is Udyam or MSME Certificate?
If you run a micro, small, or medium enterprise in India, you can register with the government and get a certificate called the MSME Certificate or Udyam Certificate.
The MSME Certificate shows that you are a recognized small-scale business in India and can access all the government benefits for this sector.
MSME registration is optional, but it is advisable to do it for various reasons like in terms of business finance, loans, credit eligibility, and taxation.
The government has disbursed a total of Rs.9.5 trillion in loans to MSMEs in FY21, which is a 40% increase from FY20. Additionally, various government schemes and policies are in place to support the growth and development of MSMEs in India.
Eligibility Criteria for MSME Registration
MSME, an acronym for Micro, Small and Medium Enterprises, categorizes businesses based on investment and turnover. This revised system for classifying MSMEs, based on both investment in plant and machinery/equipment and annual turnover, took effect on July 1st, 2020. It applies equally to both manufacturing and service enterprises.
Below table details the criteria for classifying businesses as Micro, Small, or Medium based on their investment in plant and machinery and annual turnover:
Category | Investment | Turnover |
---|---|---|
Micro | Up to 1 crore rupees | Up to 5 crore rupees |
Small | Up to 10 crore rupees | Up to 50 crore rupees |
Medium | Up to 50 crore rupees | Up to 250 crore rupees |
Documents Required for MSME Registration
The documents required for MSME (Micro, Small, and Medium Enterprises) registration may vary slightly depending on the specific requirements of the country or region. However, here are some common documents typically needed for MSME registration in many countries:
- Aadhar Card of the authorized signatory or PAN card.
- Proof of Business Address (e.g., Electricity Bill, Telephone Bill, etc.).
- Copies of Sale Bill and Purchase Bill.
- Partnership Deed/ Memorandum of Association (MOA) and Articles of Association (AOA) for companies.
- Copy of Licenses and Bills of Machinery Purchased (if applicable).
- Copy of GST Registration Certificate (if applicable).
- Details of the Plant and Machinery used in the manufacturing process.
- Income Tax Returns filed for the previous financial year.
- Bank Account Statement of the company or proprietor.
What are the Benefits of the MSME Registration Certificate?
- Access to bank loans without collateral security
- Participation in central government development programs
- Industry-specific subsidies and government incentives
- Exclusive production of certain goods by MSMEs
- Reduced bank interest rates
- Tax benefits and exemptions
- Compensation for delayed payments
- Priority in government contract bidding
- Exemption from stamp duty
- Discounts on electricity bills and trademark fees
- Refund of ISO Certification costs
- Opportunity for foreign trade expos
- Technology upgradation support
- Capital subsidy for infrastructure improvement
- Credit Guarantee Scheme
- Protection against delayed payments
- Public Procurement Policy
- Subsidy on patent registration
How to Download MSME Certificate Online?
The MSME certificate, also known as Udyam or Udyog Aadhaar Certificate, is valid for a lifetime. To download your MSME certificate from the Udyam Registration website, simply follow these easy steps. To avail yourself of the benefits announced by the government for MSMEs, you must register your business on the ‘Udyog Aadhar Memorandum (UAM) portal’. Fortunately, the Udyog Aadhaar Registration process is simple and completely free of cost for all.
- Go to the Udyam link https://udyamregistration.gov.in/
-
On the top right corner of the home page, you will see a Print/Verify drop-down menu.
- From the drop-down menu, choose the option Print Udyam Certificate.
- This will take you to the Udyami Login page.
- Fill in the details on the login page, such as your 16-digit Udyam Registration Number (URN) (format: UDYAM-XX-00-0000000) and the mobile number you used for the MSME registration application.
-
Below these fields, choose one of the OTP options.
- OTP on Mobile
- OTP on Email
- Choose the option that suits you better and click Validate & Generate OTP.
- In the next step, enter the OTP and click Validate OTP & Print.
- You can now see your Udyog Aadhaar Certificate data on the home screen.
- To get a printed certificate copy, choose either Print or Print with Annexure from the top center of the page.
- If you select only the Print option, you will get only the MSME certificate.
- If you select Print with Annexure, you will also get the Udyam Aadhaar Memorandum (UAM) application along with the certificate.
Key Considerations for Downloading Your MSME Certificate
Here are some points you must consider before downloading your MSME certificate -
- Verify whether you are eligible for MSME registration or not based on your turnover limits and investment criteria.
- Gather the documents required for MSME registration like an Aadhaar card and PAN card.
- Select a governmental agency or portal for MSME registration.
- Fill out the MSME registration form with all the required details.
- Pay the registration fees, if applicable.
- After submission, wait for the registration certificate to be processed and approved.
- Once approved, download the MSME registration certificate from the portal.
MSME registration certificate is an essential document that can let you avail of the benefits of MSME registration. You can easily download the MSME registration certificate online through the Udyam portal.
FAQ on Downloading MSME Certificate
Q- Is there a fee to download the MSME certificate from the Udyam Registration website?
No, the Udyog Aadhaar Registration process and downloading the MSME certificate from the Udyam Registration website are completely free of cost.
Q- What if I forget my Udyam Registration Number (URN)?
Your URN is essential for accessing the Udyog Aadhaar Certificate. If you forget it, you might have to retrieve it from your registration documents or the email/SMS you received upon registration.
Q- What is the difference between choosing 'Print' and 'Print with Annexure' when downloading the certificate?
Choosing 'Print' will provide you with only the MSME certificate. On the other hand, selecting 'Print with Annexure' will also include the Udyam Aadhaar Memorandum (UAM) application along with the certificate.
Q- Is Udyam registration mandatory for MSME?
Yes, all MSMEs in India must obtain Udyam Registration. The government has made it mandatory for businesses to acquire the Udyam Registration Certificate to access various benefits and schemes available for the MSME sector.
Q- Can we have two MSME certificates?
No, you cannot have two MSME certificates for the same business entity. The Udyam Registration Certificate is a unique identification number assigned to each MSME, and only one certificate is issued per business.
Q- Are the Udyam certificate and MSME the same?
Yes, the Udyam Registration Certificate and the MSME Certificate are essentially the same. Udyam Registration is the new process introduced by the Government of India for registering MSMEs and obtaining the MSME certificate.