How to Get MSME Certificate | Udyam Registration | MSME Certificate Online

As per data generated by the MSME ministry, India has a total of 6.3 crores registered MSMEs as of November 26, 2021. Moreover, the Udyam Registration portal registered 5,767,734 MSMEs, replacing the Udyog Aadhaar Memorandum (UAM).

MSME registration online is essential considering that it offers several benefits such as access to loans at lower rates, tax benefits, benefits of government schemes, low cost of trademark and patent registration, and more. Yet, how to get MSME certificate is the most asked question because it includes an understanding of various aspects.

Although it is to be noted that, MSME registration is a voluntary process, however, as per the advice of the professional and as business demands, an MSME must be registered. One of the most important reasons to register a company under MSME is to access the loan, that too at lower interest rates.

Moreover, under budget 2022, there are a few changes have been made for the formalization of the economy and to provide better entrepreneurial opportunities. Well, if you want to know more about it, just keep on reading.

However, a registered MSME or MSME registration online offers more benefits, which we will discuss in more detail in the next section. 

What Are The Benefits Availed by A Registered MSME | Benefit of MSME Registration?

• Seamless access to loans with lower interest rates.
• Allow you to avail of government scheme benefits.
• In the initial stages of the business, an MSME certificate provides tax benefits.
• Provides industrial stage promotion rate subsidiary.
• Lower the cost of trademark and patent registration.
• Provides benefits in case of sales tax and subsidy.

The mentioned benefits of MSME registration certificate or MSME Certificate online are compelling, considering that we have a total of 6.3 crores. The latest update under budget 2022 -

Udyam Portal will be interlinked with e-shram, NCS, and ASEEM portals with the motive to perform with live, organic databases, engaged in providing G2C, B2B, and B2C services.

This update of the MSME portal is precisely related to credit facilitation, skilling, and recruitment - which will help the economy formalization and enhance entrepreneurial opportunities. Hence, this update will contribute to employment generation and economic growth.

As we know the benefits of MSME registration, let’s understand the categories of MSMEs before knowing how to apply MSME certificate or MSME registration online.

What Are the Categories of MSME?

MSME has two categories of enterprises manufacturing and service enterprises, let’s have a look at these in detail.

1. Manufacturing Enterprises

As per the name of the category, it includes the enterprises which are engaged in the manufacturing of products mentioned in Schedule I of the Industrial Act, of 1951. 

2. Service Enterprises

These are the enterprises that are engaged in providing services. 

These two categories of enterprises fall under MSME, though, with the differentiation in the category of the MSME, it is also necessary to understand the documentation required to complete the MSME Registration process or MSME certificate online. Documentation plays an important role in meeting the requirements of corporate compliance since it does not include factory inspection, product testing, etc like BIS certification. 

Since we have a brief knowledge of categories of MSMEs, let’s move on to, what is Udyam registration, in the next section of the blog.

What is Udyam Registration? | Udyam Registration Process | MSME Registration Online

Udyam registration is typically a means of MSME registration, as it government only provides a “Single Window System,” for MSME registration online or other registration-related concerns. The Udyam registration portal is a completely online process and MSME registration can be attained based on a self-declaration without any need for documentation.

For you better understanding of the Udyam registration, in the next section, we will have a quick look at its process.

Udyam Registration For New Users

• Visit the official Udyam registration portal.
• Provide the required information such as Aadhar number, GSTIN number, PAN, and other information.
• Affix necessary documents for cross-verification, if required.
• Once the application filing is completed, verification needs to be done.
• An MSME certificate will be issued if your documents meet the established standards.

Udyam Registration For Existing Users

• If you are an existing user, Udyam registration will be done under EM–Part-II or UAM.
• Provide the required information such as Aadhar number, GSTIN number, PAN, and other information.
• Affix necessary documents for cross-verification, if required.
• Once the application filing is completed, verification needs to be done.
• An MSME certificate will be issued if your documents meet the established standards.

These six simple steps make MSME registration seamless.

However, it can not be ignored that for the registration of an MSME, it is important to have a CA/ CS and other professionals to guide you through the registration process.

Considering the problems one might face during MSME registration, JR Compliance has come up with an integrated approach for hassle-free registration.

Now we have discussed - how to get an MSME certificate or how to register in MSME, let’s see how JR Compliance - a leading compliance service provider makes MSME registration seamless.

How We Make MSME Certification Seamless?

• Our MSME consultants online will educate our clients regarding every aspect of MSME registration.
• To ensure appropriate accuracy, our MSME consultants online will complete the documentation promptly.
• Our MSME consultants online will provide you with complete assistance from the first to the last step of registration.
• Our MSME consultants online guarantee to invest our time and resources in taking appropriate initiatives and steps to meet the established requirements.
• In case of any discrepancies, our MSME consultants online will directly coordinate with officials, to keep you updated regarding your application status.
• Our consultants will provide 24*7 support to resolve any query you may have concerning the MSME registration certificate.

Conclusion

JR Compliance is the finest choice to meet your corporate compliance needs because we possess the experience of completing over 10,000+ company registrations. Along with that, we have a strong background in providing hassle-free services globally. Thus, if a foreigner is looking to establish a company in India - they are welcome to reach us.

We are the top-notch choice to comply with your compliance experience of completing the registration of over 10,000+ companies, including Pvt ltd limited company Registration, and more.

Get in touch with our experts to know how to get an MSME certificate or MSME registration certificate. Moreover, you can also reach us if you want to obtain a BIS certification, EPR approval, etc.