Documents Required To Apply For MSME Registration

Industries are the chief supporters of any country’s economy, especially MSMEs, which are also referred to as Small Scale Industries. In India, MSMEs are provided various benefits to ensure their orderly development. The Indian government has introduced a framework for registering and classifying small industries into three different categories i.e. Micro, Small and Medium. MSMEs can therefore register in their respective categories to avail the benefits granted by the government. This article will give you an in-depth understanding of eligibility criteria, documents required and the registration process for MSMEs.

Benefits of MSME Registration
The registration of an entity as an MSME through the Udhyam portal provides various advantages. Some of the advantages are mentioned below:

Preferencing: MSME can undertake government tenders with ease as the Udyam Portal is integrated with the e-Marketplace, where central as well as state governments are posted.
Tax Benefits: Through this registration businesses can get direct tax exemption during their early year.
Collateral Free Loans: A government authorised collateral free credit is made available to all small & micro businesses, which ensures funds to micro and small enterprises.