Documents Required To Apply For MSME Registration

Introduction
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.

Classification of MSMEs
The MSME classification was recently revised by the Government. The revised classification is based on the investment and turnover of the concurrent entity, which is as follows:

MSME Category Investment in P&M Annual Turnover
Micro Upto Rs. 1 Cr Upto Rs. 5 Cr
Small Upto Rs. 10 Cr Upto Rs. 50 Cr
Medium Upto Rs. 50 Cr Upto Rs. 250 Cr
MSME – Udhyam Registration
Registration of MSMEs is also known as Udhyam Registration and the government portal through which registration is applied is called the Udhyam Portal. All the entities which satisfy the criteria can apply for registration through this portal. The registration process is fully digital. There is no mandatory requirement for MSMEs to obtain this registration. However, registration is advised because it provides various benefits such as tax benefits, credit facilities and many more..

Documents Required
As previously mentioned the registration process is fully digital and therefore there is no requirement for uploading any documents. However, you still need the following information and documents:

Aadhar Card
Proprietorship Firm: Aadhar number of the proprietor
Partnership Firm: Aadhar number of the managing partner
HUF: Aadhar number of the Karta
Company/LLP: Aadhar number of the organisation or authorised signatory
Cooperatives/Societies/Trusts: Aadhar number of the organisation or authorised signatory
PAN Card
GSTIN if applicable
Identity and Address Proof of the Applicant.
Photograph of the Applicant
Following Documents related to the Business entity:
Address Proof of working premise.
In the case of a Self-owned property, a sale deed is required
In the case of rented property, a rent Agreement along with NOC from the owner is required.
Bank-related documents.