MSME Registration in Chennai
We FIRMDESK offer MSME registration for businesses in Chennai and across Tamil Nadu and India. MSME (Micro, Small, and Medium Enterprises) Registration in India is a government initiative to promote and support small businesses by offering them various benefits, subsidies, and incentives. The registration process is online and available through the Udyam Registration Portal.
What is MSME Registration?
MSME registration is a voluntary process through which businesses in India can be recognized as micro, small, or medium enterprises based on their investment in plant/machinery/equipment and annual turnover. Once registered, businesses can avail of benefits under the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006.
Classification of MSMEs
As per the revised definition (July 2020):
| Category | Investment in Plant & Machinery or Equipment | Annual Turnover |
|---|---|---|
| Micro | Up to ₹1 crore | Up to ₹5 crore |
| Small | Up to ₹10 crore | Up to ₹50 crore |
| Medium | Up to ₹50 crore | Up to ₹250 crore |
Benefits of MSME Registration
Financial Benefits:
Collateral-free loans under government schemes like CGTMSE (Credit Guarantee Fund Scheme).
Subsidized interest rates on loans.
Access to credit with lower interest rates.
Tax and Subsidy Benefits:
Excise exemptions.
Subsidy on patent registration and industrial promotion.
Tax exemptions under specific schemes.
Government Schemes:
Access to schemes like PMEGP (Prime Minister’s Employment Generation Program), CLCSS (Credit Linked Capital Subsidy Scheme), and more.
Preference in government procurement (purchase) policies.
Ease of Business:
Quick resolution of disputes through MSME Facilitation Councils.
Protection against delayed payments from buyers.
Export Benefits:
Concessions and subsidies for exporting goods and services.
Eligibility for export promotion subsidies.
Technology and Infrastructure Support:
Assistance in technology upgrades.
Support for setting up quality testing labs.
Eligibility for MSME Registration
Any business engaged in manufacturing, processing, or services can apply.
Sole proprietorships, partnerships, LLPs, companies, and HUFs are all eligible.
Documents Required for MSME Registration
Aadhaar Number of the applicant (mandatory).
PAN Number of the business or individual (mandatory from April 2021).
GSTIN (if applicable).
Business details, including name, type, and address.
Bank account details of the business.
Documents Required for MSME Registration
Aadhaar Number of the applicant (mandatory).
PAN Number of the business or individual (mandatory from April 2021).
GSTIN (if applicable).
Business details, including name, type, and address.
Bank account details of the business.
Steps for MSME Registration
Visit the Udyam Registration Portal: Udyam Portal.
Choose Registration Type:
New registration for first-time applicants.
Existing businesses (already registered under UAM) can migrate to Udyam.
Fill in Business Details:
Enter Aadhaar, PAN, and other details of the business.
Verify PAN and GSTIN: Automatic verification is done by the portal.
Submit the Application: Once verified, the certificate is generated online.
Validity
MSME registration is valid for a lifetime and does not require renewal.
MSME Registration Cost
Our Highlights
- Handled by experts
- Fast and Effective Service
- Affordable Pricing
- Frank process
- 24/7 Customer Support