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Udyog Aadhaar (SSI / MSME) Registration

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Udyam (SSI / MSME) Registration - An Overview

Small scale businesses play a vital role in improving the economy of any country. To encourage new and existing business, the government of India has launched many schemes to help small and medium scale businesses to sustain and grow. To avail all these beneficial schemes, you need to get your MSME registration done. MSME registration is also known as Udyog Aadhaar or SSI registration.

Benefits of MSME Registration

The following are the major benefits given to registered MSMEs under the Micro, Small & Medium Enterprises Development (MSMED) Act:

  • You can get collateral-free loans from banks under the credit guarantee fund scheme for micro and small enterprises (CGS)
  • Some items have been earmarked to be manufactured only by small scale enterprises
  • The interest rate charged by banks for MSME registered enterprises is lower than the normal interest rate

Provisional MSME Registration

This is given for entities which are yet to begin functioning. With provisional registration the MSME can:

  • Obtain facilities for accommodation, land, etc.
  • Obtain important approvals and NOCs
  • Obtain clearances from regulatory bodies such as pollution control board and labour regulations
  • Obtain term loans and working capital from financial institutions and banks under priority sector lending.
  • A PRC (provisional registration certificate) is allotted to new enterprises without any field enquiry and is valid for 5 years.

Permanent MSME Registration

The following conditions have to be met for getting a permanent registration:

  • The unit has obtained statutory and administrative clearances as required
  • The unit does not violate any regulation or restriction
  • The value of plant and machinery in the unit does not exceed the prescribed limits
  • There should be proof the enterprise is not owned, a subsidiary of or controlled by another industry.

Documents Required for udyam (SSI / MSME) Certificate

  • Applicant’s Aadhaar card
  • Applicant’s PAN
  • Company PAN (not applicable in case of a proprietorship firm)

FAQs on Get MSME Registration Now & Enjoy the Benefits

A digital signature certificate is valid for 1 to 2 years from the time of issuance. Every signature has the start date and end date. If your DSC expires you can apply again for a digital signature online.
You can get your DSC from Digitronic. We are authorised providers for DSC, and we are partnered with some of the prominent, licensed CAs to get your DSC at the best rate without any hassles and in the most secure way. We require only your basic documents and verify your details against the PAN card registered on the income tax portal.
According to the information technology (IT) Act 2000, any person or entity which has been granted the license to issue a digital signature certificate is recognised as a digital certifying authority or CA. Before issuing a license to a prospective CA, the controller of certifying authorities, ministry of IT, will first audit the establishment and then ensure compliance requirements are satisfactory, and finally grant the license.
The licensed authorities identified by the ministry of electronics and information technology are safe scrypt, DRB, (n) code solutions, e-mudhra, NSDL, capricorn identity services, CSC e-governance services India limited, Indian airforce, Vsign, CDAC, and DRB.

Company formation and registration has been made easier with Digitronic. You can easily consult a company secretary through us for all of your compliance needs, including foreign income, FDI, PF, and pensions.

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