What Finology Offers:

We take required documents from you
Scrutinise and prepare the documents
Draft the necessary explanations and file your application

What is MSME Registration?

As Aadhar provides an identity to the Individuals, likewise Udyog Aadhar also serves an identification to your business. To get this unique number you need to get yourself registered as MSME. MSME stands for Micro, Small & Medium-sized Enterprises. In recent times, to promote small businesses, Government of India has taken this initiative which has given a greater boost to the Entrepreneurial Sector. Although getting registered as MSME is not mandatory but it will be beneficial to get your business registered here because it provides a lot of benefits in Taxation, Statutory and Financial matters, etc. No matter what business you are in, you can get your business registered here and claim huge benefits & that too from the Government of India itself. In a developing country like India, MSME industries are the backbone to the economy.

Who can get registered as an MSME?

Following persons can get their registration done here, subject to Limit on their Turnover:

  • Proprietorship Firms.
  • Partnership Firms.
  • LLP’s (Limited liability Partnership).
  • Private Limited Company.
  • Public Limited Company.

Classification of MSME on the basis of their Turnover

Enterprise Type

Turnover (Annually)

Micro

Not exceeding Rs.5 crores.

Small

More than Rs.5 crores but does not exceed Rs. 75 crores.

Medium

More than Rs.75 crores but does not exceeds Rs. 250 crores.

Benefits of Getting registered as an MSME

  • Easy sanction of Bank Loans.
  • Lower Rate of Interest.
  • 50% subsidy on expenditure for Patent & Trademark registration.
  • Up to 75% subsidy on actual expenditures towards product licensing.
  • Exemption in Excise Duty (duty on Manufacturing).
  • Exemption under Direct Tax Laws.
  • MSME registration helps in getting Government Tenders.
  • Compensation of ISO certificate expenditure.
  • Collateral Free Loans i.e., no need to pay securities to get loans.
  • MSME’s get concession in their Electricity bills.
  • Govt. provides certain projects exclusively held by MSME.

Documents required for MSME Registration

  • PAN
  • Bank details
  • Aadhaar
  • Any other documents as may be required

Advantages of Choosing Finology

Quick & Efficient

Utmost attention given to details. Ready to use templates. Saves time. Minimizes costs.

Convenient & Transparent

Access to requisite information at any time of the day. Just a click away.

End-to-End hand-holding

Client communication at the core. Professional and efficient handling of client's information because a happy client is the best referrer.