There is no difference between MSME, SSI & Udyog Aadhar. There are all one and the same.

 

What are MSME Enterprises?

MSME Enterprises in Manufacturing Sectors:

Three Categories divided on the basis of amount invested in Plant & Machinery:

  • Micro enterprises– Investment in Plant & Machinery less than ₹ 25 lakhs
  • Small enterprises– Investment in Plant & Machinery between ₹ 25 lakhs and ₹ 5 crores
  • Medium enterprises– Investment in Plant & Machinery between ₹ 5 crores and ₹ 10 crores

 

MSME enterprises in the service sector:-
Three Categories divided on the basis of amount invested in equipment-

  • Micro enterprises– Investment in Equipment less than ₹ 10 lakhs
  • Small enterprises– Investment in Equipment between ₹ 10 lakhs and ₹ 2 crores
  • Medium enterprises– Investment in Equipment between ₹ 2 crores and ₹ 5 crores

Benefits of MSME

  • Lower Interest Rate :- By MSME registration, Interest rate on the bank loans become cheaper as compare to normal interest rate on regular loans.
  • Tax Rebates:- Various tax rebates is available to MSME.
  • Credit of MAT:- Credit for minimum alternate tax (MAT) can be carried forward for up to 15 years instead of 10 years
  • Government Schemes:- Many government tenders which are only open to the MSME Industries.
  • Easy access to opening Bank Current Account & Credit.
  • Preference in Govt. Scheme:- Government license and certification is available on preference to Business registered under MSME.
  • One Time Settlement Fee for non-paid amounts of MSME.
  • Special 50% discount on government fees for Trademark & Patent

Documents Required for MSME Registration

For Proprietorship Firm:-
  • Proprietor,s PAN Card
  • Proprietor,s Aadhar Card
  • Address Proof
  • Nature of Business
  • Investment Amount in Plant & Machinery/Equipment
  • Number of Persons employed
  • Bank Account Detail
  • Date of Commencement of business
  • Mobile No. & Mail ID
For Private Ltd Company:-
  • Company PAN Card
  • One Director Aadhar Card, Mobile No, Mail ID
  • MOA and Incorporation Certificate
  • Company Address proof
  • Investment Amount in Plant & Machinery/Equipment
  • Number of Persons employed
  • Bank Account Detail
For Partnership Firm & LLP
  • Firm PAN Card
  • One Partner Aadhar Card, Mobile No, Mail ID
  • LLP Agreement / Partnership Deed
  • Firm Address proof
  • Investment Amount in Plant & Machinery/Equipment
  • Number of Persons employed
  • Bank Account Detail