Regular Update :-You can claim a deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act by investing in: || 1.ELSS Mutual Funds || 2.PPF (Public Provident Fund) || 3. Life Insurance Premiums || 4.Tax-saving Fixed Deposits || 5.Home Loan Principal Repayment || 6.EPF Contributions

MSME/Udyam Registration

MSME/Udyam Registration is the process of registering a business as a Micro, Small, or Medium Enterprise. It provides access to...

A Pvt.Ltd Company Offers Limited Liability and Independent Legal Status.

MSME/Udyam Registration is the process of registering a business as a Micro, Small, or Medium Enterprise. It provides access to government schemes, financial benefits, and easier compliance for business growth.

MSME stands for Micro, Small, and Medium Enterprises, categorized based on investment and turnover. The government has established thresholds to define MSMEs:

 
  • •   Micro Enterprises
    • Investment in Plant and Machinery or Equipment up to ₹1 crore and turnover up to ₹5 crore.
  • •   Small Enterprises
    • Investment in Plant and Machinery or Equipment up to ₹10 crore and turnover up to ₹50 crore.
  • •   Medium Enterprises
    • Investment in Plant and Machinery or Equipment up to ₹50 crore and turnover up to ₹250 crore.
MSME/Udyam registration offers several benefits that can help your business scale and succeed, including:
• Access to Government Schemes: Registered MSMEs can avail subsidies, incentives, and financial support from various government schemes such as PMEGP (Prime Minister Employment Generation Programme) and CLCSS (Credit Linked Capital Subsidy Scheme).
• Access to Loans with Lower Interest Rates: Registered MSMEs can avail of loans from banks at lower interest rates, making it easier to get funds for business growth.
• Subsidies and Support: MSMEs are eligible for various government subsidies, including subsidies on patent registration, industrial promotion, and protection from delayed payments.
• Tax Benefits: MSMEs may be eligible for various tax exemptions and benefits under the Income Tax Act.
• Protection Against Delayed Payments: MSMEs have legal protection under the MSME Development Act, allowing them to file cases against buyers who delay payments.
• Priority in Government Tenders: MSMEs get preference in government tenders, giving them more opportunities to work on government projects.
• Easier Access to International Trade Fairs: MSMEs receive special invitations and financial support to attend international trade fairs, helping them expand their business globally.
• Reduced Fees for Trademark and Patents: MSMEs can avail up to 50% discounts on filing for patents and trademarks.
• ISO Certification Charges Reimbursement: MSMEs can get reimbursement for expenses incurred on ISO certification.
The Indian government offers various schemes for MSMEs, such as:
• Credit Guarantee Fund Scheme: Provides collateral-free loans to MSMEs.
• Zero Defect Zero Effect (ZED): Encourages MSMEs to adopt best practices in manufacturing.
• Technology Upgradation: Helps MSMEs upgrade their technology with financial support.
• Prime Minister Employment Generation Programme (PMEGP): Supports the creation of self-employment projects in rural and urban areas.
• Manufacturing and Service Sector Businesses: Both manufacturing units and service providers can apply.
• Sole Proprietorships, Partnerships, Private Limited Companies, LLPs: All types of business entities, including individuals, are eligible to register as MSMEs.
• Existing Businesses: Businesses that already meet the revised criteria can apply for MSME registration.
• Newly Established Enterprises: Startups and new businesses can apply for MSME registration right from the inception of their operations. MSME registration is not mandatory, but it provides several benefits and is highly recommended for businesses that meet the eligibility criteria.
While the registration process is relatively simple, you will need the following documents:
• Aadhaar Card of the applicant
• PAN Card of the business or individual
• Bank account details including IFSC code
• GSTIN and other tax-related documents (if applicable)
• Details of the business activity (e.g., manufacturing or service)
• Investment and turnover details as per the new MSME classification
MSME/Udyam registration offers numerous benefits, including easier access to loans, government subsidies, and legal protections. The registration process is simple, online, and free, helping businesses gain a competitive advantage and access vital resources for growth and sustainability.
If you need assistance with MSME registration or any other compliance, Prahar Filing & Advisory is here to help! Contact us today for expert guidance.

Request A Callback

    Trusted Legal Expertise,
    Loved by Clients

    Custom advisory for high-impact legal, financial, and corporate decisions

     

    Testimonials

    Trusted By Clients And Industry Experts

    At Prahar Filing & Advisory, our clients’ success stories speak volumes. Discover how businesses across various industries have leveraged our expertise to achieve their goals. Read firsthand accounts of our commitment to excellence and the impact we've made in supporting their growth and compliance needs.

    “Prahar Filing & Advisory has been instrumental in helping us scale compliantly. Their team is proactive, detail-oriented, and always available when we need strategic input. A true partner in our growth.”

    Kislay Sharma

    Director, Dravanta Nexus Private Limited

    “As an IT Company, we needed fast and reliable compliance support. Prahar delivered with precision — from GST registration to advisory. Their tech-savvy approach and clear communication made all the difference.”

    Dhrub Kr Karmkar

    Director, Xspaceweb Private Limited

    “I was new to tax filing and unsure about deductions. Prahar simplified everything, explained the process patiently, and helped me file with confidence. Their service is perfect for working professionals like me.”

    Rahul Kumar

    IT Employee

    “Prahar Filing & Advisory took care of my store’s registration and tax setup without any hassle. Their team is courteous, efficient, and always ready to help. I recommend them to every small business owner.”

    Prabhakar Mandal

    Proprietor, Aradhya Hardware

    “I run a small business and needed help with GST and licensing. Prahar’s team guided me step-by-step and made sure I understood every part of the process. They’re reliable, honest, and truly client-focused.”

    Angad Kumar

    Proprietor, Kunwar Enterprises

    Get a free consultation?