How Does Online Udyog Aadhaar Registration Work?

Under the Udyog Aadhaar, only one page needs to be filled for registration with Aadhaar Card acting as the sole legal document.

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₹1499

Service

MSME Registration

Actual Price

₹2499

Discount

₹1000

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Why Udyog Aadhaar registration?

  • Reservation benefits.
  • Industrial promotion subsidy.
  • Easy and cheaper bank loans.
  • Concession in the electricity bills.
  • Refrain from asking for security deposits.
  • Reimbursement under the bar code registration.
  • Reduction in the rate of the interest by major banks.
  • Increased chances of winning government tenders.
  • Stamp duty and registration charges are waived off.
  • Reduction in fee for filing patents and trademark registration to get protection under the rights of intellectual properties.

What is SSI/MSME Registration?

  • Small scale industries play a vital role in the socio-economic development of India. To promote and encourage these small-scale industries, the government of the country created the MSMED Act.
  • The Act was created to maintain a list of all the industries registered as MSME or SSI. The record aided in providing support and incentives to these firms. Furthermore, SSI helped in employment of people at little capital investments.
  • All these entities should possess certificate of MSME registration, which should be registered with the Central Government’s MSME department under the Act of MSME Development- 2006

Type of MSME Registrations

Provisional MSME Registration

  • Obtaining facilities for accommodation, land, etc.
  • Obtaining important approvals and NOCs
  • Obtaining clearances from regulatory bodies
    such as Pollution Control Board and Labour Regulations
  • Permanent MSME Registration
  • The second type of MSME registration is permanent. It is given to industrial units that are already functioning.
  • Though the Act is not mandatory, it is immensely beneficial for firms to have the support of government.

Guidelines for online SSI / MSME Registration

Apply For Provisional Registration

A PRC ( Provisional Registration Certificate) is allotted to new enterprises without any field enquiry. It is purely an application-based form. Therefore, it has to applied in the precise prescribed form before operations begin in the unit. Once the application is submitted, the provisional registration will be provided without a physical inspection of the unit. The procedure is quick so that newly established firms can avail multiple benefits, quick loans and other necessary approvals.

Starting The Business

The provisional certificate is valid for a period of five years and the enterprise has to become operational within it. If the business fails to commence work under five years, a new application must be submitted.

Applying For Permanent SSI Registration

If the entrepreneur successfully begins operations within five years, they can apply for a permanent certification. The registration is done at the Ministry of MSMEs. The permanent SSI registration is granted only if specific conditions are met and mandatory documents are submitted.

  • 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, subsidiary of or controlled by another industry.

At GETMEONLINE, we are committed to helping you overcome every any obstacle that may arise in MSME registration for your enterprise.

List of documents required for SSI / MSME Registration

  • Business address proof
  • Copies of sale bill and purchase bill.
  • Partnership Deed/ MoA and AoA.
  • Copy of licenses and bills of machinery purchased.
  • For firms that are listed in Schedule -III of the Industrial Licensing Exemption Notification, no Industrial license is needed. Every other enterprise must obtain it for the PRC (Provisional Registration Certificate) application.
  • For the registration and document process, all statutory and administrative clearances need to be obtained such an NoC from pollution board to prove that no restrictions are being violated.

Opening of the Current Account

Current account or Demand Deposit Account is used by businesses for a higher number of transactions, including deposits, withdrawals, and contra transactions. It helps in the smooth functioning of a business.

Benefits

In the banking sector, if you need to avail the benefits of the MSMED Act of 2006, you will have to opt for MSME registration.

When you register your firm with Udyog Aadhaar , the business can leverage many schemes initiated by State and Central Government.

In addition to this, for availing the MSMED Act 2006 benefits in the banking sector, MSME registration becomes mandatory.