The Ministry of MSME too is working firmly to encourage MSM Enterprises engaged in the manufacturing and production, and processing or preservation of goods to realize entrepreneurs that starting up doesn’t cost an arm and a leg anymore.
Understanding MSME as per the Law: The Government of India has devised the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. In legal terms, the definition of micro, small and medium enterprises can be best understood as
MSME is divided into three different parts, the name itself derives its differentiation.
- Micro Enterprise
Any business entity who invests below 25 lakhs comes under Micro Enterprise.
- Small Enterprise
Any business entity which invests above 25 lakhs and below 5 crores
- Medium Enterprise
Any business entity which invests between 5 crores to 10 crores.
Here in this article let us understand the process of MSME Registration Online in india
- To do the registration the small and medium scale industry owner has to fill a single form which he can do online as well as offline.
- If a person wants to do registration for more than one industry then also he/she can do individual registration.
- To do the registration he/she has to fill a single form which is available at the website which is listed below.
- The document required for the registration is Personal Aadhar number, Industry name, Address, bank account details, and some common information.
- In this, the person can provide self-certified certificates.
- There are no registration fees required for this process.
- Once the detail-filled and upload you would be getting the registration number.
MSME is beneficiary source for our nation, MSME registration is necessary for every small and medium business in India. By MSME registration you can avail various government benefits and government schemes.
It is possible to register MSME by visiting Online MSME registration portal in India.
Along with that, you can manage your accounts and banking related in queries with the help of EZOTO Software – By Downloading this invoice generator you would be able to manage invoice, accounting, credit, inventory, customers, etc and fulfill all your accounting needs.