MSME Registration

Ministry of Micro, Small & Medium Enterprises (MSME) can obtain MSME registration in India. Such MSME enterprises are Proprietorships, Hindu Undivided Family, Partnership Firm, One Person Company, Limited Liability Partnership (LLP), Pvt Limited Company, Limited Company, Producer Company, any association of persons, co-operative societies or any other undertaking. MSME registration is free of cost under the ministry of Micro, Small and Medium Enterprises. MSME registration helps in providing benefits such as free loans for banks, subsidy from industrial promotion, subsidy provided on patent registration and reimbursement on payment of ISO certification. In order to apply for MSME registration, Applicant Aadhaar no., Applicant personal details, organizational details with KYC document and bank details associated with the company. In order to promote and support the micro small and medium companies, Government of India with the help of numerous subsidies, schemes and incentives promote MSMEs as mentioned in the MSMED Act. The registration is provided for infinite time until the MSME is operational in India. The ministry looks over the issues which faced by the MSME such as inadequate and untimely credit facility, no cost-effective credit, nonexistence of modern technology, absence of research and innovations, insufficient development of training skill, complicated labour laws.