Who Can Apply For MSME Registration in India


Who Can Apply For MSME Registration in India

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The entrepreneurial culture in India has seen a great boom over the past few years. This has paved the way for businesses of all sizes to grow and thrive. To support the growth of this sector, the government has introduced various schemes and offers that help MSMEs in their journey towards success and prosperity. One such initiative is MSME registration, which helps enterprises avail multiple benefits such as loans at lower interest rates, access to credit facilities, government service privileges and tax rebates.

So, who can apply for MSME Registration or Udyog Aadhaar? Any business entity that meets the defined turnover and investment limits can get registered under the MSME Act. This includes limited liability partnerships (LLP), public and private limited companies, Hindu Undivided Family, Partnership firms, Co-operative Societies, Association of Persons and other entities. However, the business should possess a valid Aadhaar number to be eligible for MSME registration.

Upon successful registration, the enterprise is allotted an entrepreneurs memorandum (EM) number which it needs to print on letterheads, invoices and other official documents. The EM number is also required to be used as an entry in all government tenders.

The perks of MSME registration can go a long way in the success of your business. With minimal eligibility criteria and easy documentation, you can avail hassle-free funds at an attractive interest rate.

 

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