Q. Who Can Apply For MSME Registration?

By Agam Gupta 11 Feb 2017

Any entrepreneur having valid Aadhaar Number can apply for MSME Registration.

Q. What is the validity of MSME Registration?

By Agam Gupta 11 Feb 2017

MSME Registration is valid for the lifetime period.

Q. What is MSME?

By Agam Gupta 11 Feb 2017

The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below: A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh; A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore.

Q. Is Aadhaar Number Mandatory For Online MSME Registration?

By Agam Gupta 11 Feb 2017

At present Aadhaar Number is mandatory for issuance of MSME Certificate.

Q. How does MSME Registration help in getting loans from the bank?

By Agam Gupta 11 Feb 2017

All banks and other financial institutions recognise MSME and have created special schemes for them.This usually includes priority sector lending, which means that the likelihood of your business being sanctioned a loan is high. Bank loan interest rates will also be lower. There may also be preferential treatment in case of delay in repayment.

Q. How much time does it take to get an MSME Registration?

By Agam Gupta 11 Feb 2017

With Hubco, it will take two working days to get the registration done.