Micro, Small and Medium sized enterprises in both the manufacturing and service sector can obtain MSME Registration under the MSMED Act. Though the MSME registration is not statutory, it is beneficial for business at it provides a range of benefits such as eligibility for lower rates of interest, excise exemption scheme, tax subsidies, power tariff subsidies, capital investment subsidies and other support. For getting registration number under MSME UA following documents and information are required :
- Address Proof
- Investment in Machinery/Equipment
- Aadhar Card of proprietor, partner or director (any one)
- Specify if proprietor, parter or director belongs to SC/ST/OBC
- Business of organisation
- No of employees
- Bank account no and IFSC code.
Charges – Rs 1,000/-
Time required – 1 day
In manufacturing sector, enterprises usually invest in plant and machinery and in service sector, enterprises invest in equipment.
Service Sector Enterprises
Manufacturing Sector Enterprises