MSME (Micro, Small and Medium Enterprises) are businesses in manufacturing or service sector with limited investment or capital.
Any business entity can register for a MSME Certificate irrespective of being a sole proprietorship, partnership or OPC. The Government of India provides various subsidies, tax benefits, loans, schemes to the MSME holders under the MSMED Act.
MSME Registration promotes entrepreneurship, technological benefits, sales, import/export and business registration in India.
MSME Registration process is simple and either the applicant can file the application or authorize an attorney or agent to file on his part.
There is no cost for MSME Registration in India however; if you authorize an attorney or agent to file on your part then you might need to pay some professional fee.
You can also track the status using the unique number sent after successful submission of the application.
In case there are any errors, incomplete information/documents in the application the status of your application will reflect accordingly.
Initially a provisional certificate is issued for a period of 5 years if the MSME hasn’t set up a business yet. But you will have to re-apply for getting a MSME Certificate if you fail to commence any business during the initial 5 years.