MSME REGISTRATION GUIDEBOOK

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 What is MSME Registration?
Small Scale Industries (SSI) or Micro, Small and Medium Enterprises (MSME) can register
themselves under the MSMED Act. It isn't necessary, but very beneficial to do so, as it only
exists to offer benefits to those registered under it. These benefits include priority sector
lending, excise and direct tax exemptions, capital investment subsidies and power tariff
subsidies.

To qualify as an MSME, manufacturing enterprises need to have an investment of less than

Rs. 10 crores in plant and machinery, while service enterprises must have no more than Rs.
5 crores invested in plant and machinery. If at any time, you cross this investment limit, you
need to cancel your registration under the MSMED Act.

How long will the process take to complete?

The process will usually take up to 3-5 business days from the date of submission of all
the necessary documents and information.

MSME Registration
 What are the documents required?

You can now easily upload all the required documents in your Vakilsearch dashboard
using your registered email id. http://helpdesk.vakilsearch.com/password_resets/new

After logging in you can see all the required set of documents for MSME registration and
the necessary samples are available for your reference.

Note: The documents mentioned in the dashboard is not the final, and in case if the MSME
registrar requests for a new set of document, that has to be submitted accordingly.

What’s next?
Upon submitting the basic set of documents, an online application will be filed.

Uploading the necessary documents in the online portal (MSME portal).

Upon Approval, MSME registration Certificate will be issued.

Documents Required For

MSME Registration
 For how long is a Provisional Registration Certificate (PRC) valid?
The PRC expires at the end of five years, at which point you may re-apply if the unit is not
yet operational, or if the unit exceeds investment limits set by the MSMED Act. Once you
commence operations, you can apply for the Permanent License.

What factors are not counted as an investment?

For a registration, total plant and machinery cost should be up to Rs. 25 crores for
manufacturing units and Rs. 10 crores for service units. While calculating this number, the
value of land and building will not be counted toward the total investment. Also, the
original cost of the equipment and plant and machinery is taken into account.
Depreciation cannot be factored in.
How does SSI/MSME help me get a loan from a bank?
All banks and other financial institutions recognise MSMEs and have created special
schemes for them. This usually includes priority sector lending, which means that the
likelihood of your business being sanctioned a loan is high. Bank loan interest rates will
also be lower. There may also be preferential treatment in case of delay in repayment.

What benefits are given by state and central government?

Most states offer those units registered under the MSMED Act a subsidy on power, taxes,
and entry to state-run industrial estates. Depending on your business, you may also enjoy
an excise exemption scheme and exemption from certain direct taxes in the initial years of
your business.

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