MSME Registration in Trichy: Procedure and Documentation
The foundation of the economy is the MSME sector. An alternative name for them is Small Scale Industries (SSIs). The Indian government offers Micro, Small, and Medium Enterprises (MSME) registration to industries that fall under this category. The government offers MSMEs a number of perks for their formation and expansion, and MSME / SSI / Udyam Aadhar registration in Trichy facilitates these benefits.
What is an MSME Classification?
At the time when the government launched the MSME registration in Trichy 2006 under the MSME Code, the framework surrounding MSME classification was based on the total investment in plant and machinery. In support of the revised classification of MSME Act, the annual investment and annual turn over criterion was incorporated by the government. Furthermore, the distinction in the definition of MSMEs concerning the manufacturing sector and the services sector was also removed.
The following is the current revised MSME classification, where the investment and annual turnover are to be considered for deciding if an entity qualifies for MSME / SSI / Udyam Aadhar registration in Trichy:
Revised MSME Classification
| Criteria | Micro | Small | Medium |
| Investment & Annual Turnover | Rs.1 crore & Rs.5 crore | Rs.10 crore & Rs.50 crore | Rs.50 crore & Rs.250 crore |
What is MSME / Udyam Registration in Trichy?
Udyam registration in Trichy is another name for MSME registration. Applications for MSME / SSI / Udyam Aadhar registration in Trichy can be made through the Udyam portal, the government portal, by firms that meet the MSME classification requirements. The Udyam registration online portal is where you may access the MSME registration, which is fully online. While obtaining this registration is not required for MSMEs, it is advantageous to do so as it offers numerous advantages in relation to taxation, business setup, credit facilities, loans, and other areas.
MSME Registration in Trichy Eligibility
Applications for MSME registration are open to all manufacturing, service, wholesale, and retail businesses that meet the updated annual revenue and investment requirements for MSME categorization. Therefore, the yearly turnover and investment of an entity determine its eligibility for MSME / SSI / Udyam Aadhar registration in Trichy through MSME online. The following organizations can register as MSME’s:
- Individuals, startups, business owners, and entrepreneurs
- Private and public limited companies
- Sole proprietorship
- Partnership firm
- Limited Liability Partnerships (LLPs)
- Self Help Groups (SHGs)
- Co-operative societies
- Trusts
Documents Required for Udyam Aadhar Registration in Trichy
The MSME / SSI / Udyam Aadhar registration in Trichy requires the following documents :
- Aadhaar card
- PAN card
There are no registration fees for MSME’s, and no documentation evidence is needed. The Udyam Registration Portal is integrated with the Income Tax and GSTIN systems, so it will automatically retrieve PAN and GST-related information about an enterprise’s investment and turnover from government databases, allowing businesses to easily access MSME benefits.
Businesses that are exempt from the GST registration requirement are not required to register. Nevertheless, in order to obtain an MSME / SSI / Udyam Aadhar registration in Trichy, businesses that are required by law to obtain GST registration must enter their GSTIN.
How to Apply for MSME Registration / Udyam Registration in Trichy?
The MSME / SSI / Udyam Aadhar registration in Trichy process is fully online. The government website, udyamregistration.gov.in is where MSME online registration is completed. There is no fee associated with MSME registration. MSME registration online can be done under the following two categories in the portal :
- For New Entrepreneurs who are not Registered yet as MSME or those with EM-II (Entrepreneurs Memorandum)
- For those having registration as UAM (Udyog Aadhaar Memorandum) and For those already having registration as UAM through Assisted filing
For new entrepreneurs who are not yet registered as MSME or with EM-II
Step 1: The button reading ‘For New Entrepreneurs MSME Not Registered Or With EM-II Only’ is to be clicked by first time entrepreneurs as well as by those registering business as EM-II only. This button can be found on the homepage of the Udyam Registration online Portal.
Step 2: Then, on the next screen after entering the name and Aadhaar number of the entrepreneur, click on the ‘Validate and Generate OTP Button’. This button next takes you to the PAN Verification page upon submission and successful receiving of the OTP.
Step 3: Once the PAN number and the “Type of organization” is provided by the business owner, he/she must click on the “Validate PAN” button. The system validates the entrepreneur’s PAN number by retrieving details from the Government database about the PAN.
Step 4: Upon Successful PAN verification, the entrepreneurs ought to complete the Udyam Registration form by providing their personal details along with the business information.
Step 5: After selecting the declaration, filling in the investment and turnover details, click on “Submit and Get Final OTP.” The OTP has been dispatched and after entering it and submitting the form, an email with Udyam Registration Certificate will be sent. Also, through the Udyam Registration Portal, the entrepreneurs can check the present status of their MSME / SSI / Udyam Aadhar registration in Trichy.
Registration For Entrepreneurs Already Having UAM
All those who already possess Udyam registration online should click on the button marked “For individuals already registered as UAM” or “For individuals registered as UAM with Assisted filing.” This button is present on the homepage of the concerned government portal. This will lead to a pop-up window asking for the Udyog Aadhaar registration Number. The number has to be entered in the given box and then the option for OTP has to be clicked.
There are two ways to receive the OTP either by email or the mobile device provided the UAM is already completed. Once the OTP Options are chosen, click “Validate and Generate OTP”. The process of Udyam registration online will be completed after the OTP is entered and all registration details are filled out in regard to the MSME registration form.
MSME Registration Fees in Trichy
MSME Registration Certificate
In India, the Ministry of Micro Small and Medium Enterprises provides a Udyam Registration Certificate to the MSME sector, and this certificate is issued online. The term ‘MSME registration certificate’ is used for the Udyam registration document. Upon completing the MSME / SSI / Udyam Aadhar registration in Trichy processes, the entrepreneur is issued an MSME registration certification. The certificate also bears a QR code, which contains information about the organization.
MSME Registration Number
MSME Registration Certificate Download
Below is the process to download the MSME Registration Certificate:
- Visit the Udyam registration portal.
- Click the ‘Print/Verify’ option and select the ‘Print Udyam Certificate’ option.
- Enter the ‘Udyam Registration Number’, ‘Mobile’, choose the OTP option and click on the ‘Validate & Generate OTP’ button.
- Enter the OTP received on the mobile/email and click on the ‘Validate OTP and Login’ button.
- After logging in, take a printout of the Udyam registration certificate.
Advantages of Udyam Aadhar Registration in Trichy
The benefits of MSME registration in Trichy are listed below:
- Due to the MSME Registration in Trichy, availing of bank loans is now less expensive since the charge on this loan ranges—between 1% and 1.5%—than it is for normal loans.
- Furthermore, it also enabled the carry forward periods of minimum alternate tax (MAT) credits up to 15 years from the previous allowance of 10 years only.
- Once registered, the cost of obtaining a patent or establishing the industry decreases because several discounts and reductions are available.
- As the Udyam Registration online Portal is connected with several other State Government portals such as Government e-Marketplace which allows easy access to their marketplace and e-tenders, acquiring government tenders is enhanced by MSME registration.
- In case there are any pending dues towards MSME payments, there is a fee for one time settlement.
- An MSME registration will enable the beneficiary to take advantage of the following government policies and schemes for MSME – the guarantee credit scheme, the credit linked capital subsidy scheme, the public procurement policy, protection against delays in payment, etc.
- MSMEs are eligible for priority sector lending from banks. MSMEs get the benefit of a government security deposit waiver that is helpful while participating in e-tenders.
- Any number of activities, including service or manufacturing or both, may be added or specified in one MSME / SSI / Udyam Aadhar registration in Trichy
- Barcode registration subsidy
- Exemption scheme from direct taxes
- ISO certification fees reimbursement
- Electricity bills concession
- Special consideration in International trade fairs
How to check MSME registration by name?
You cannot check the MSME registration number by name. However, you can retrieve your MSME registration number by following the below process:
- Visit the Udyam Registration Portal.
- Click on the ‘Forgot Udyam/UAM No.’ option under ‘Print/Verify’ option on the homepage.
- Choose the registration option.
- Choose the OTP option.
- Enter the mobile/email address.
- Click on the ‘Validate & Generate OTP’ button.
- Enter the OTP. The MSME registration number will be displayed.
Udyam Registration in Trichy for Existing MSME Businesses / Enterprises
In India, the conventional method of registering MSME (Micro, Small and Medium Enterprises) firms is being phased out in favor of a more updated and effective process. Achieving MSME / SSI / Udyam Aadhar registration in Trichy online requires the Aadhaar Number, the PAN Card, particulars regarding existing MSME register, and certain business specific information. During this transition, existing MSMEs will receive certain benefits such as government tenders under their special categories, bank loans against no securities, rebates on taxes and tariffs, among others, under various MSME schemes. This will help them in keeping within the new ambit of laws. The official site provides help and aids to ensure a smooth process. In order to retain these benefits and in order to align with the new requirements that are aimed at ensuring development and adherence to policy, existing MSMEs must comply with any timelines that are set concerning this transformation.
MSME registration opens doors to exclusive government support, better loan opportunities, tax savings, and more. Stay ahead of the competition by complying with regulations and unlocking these powerful benefits for your business.
MSME Registration IN TRICHY FAQs
The cost of MSME (Micro, Small, and Medium Enterprises) registration in Trichy differs depending on the size of the enterprise and various factors. Auditor Shiva can provide budget-friendly costs and guide you through the registration process efficiently.
Any Micro, Small, and Medium Enterprise (MSME) in India, including manufacturing and service providers, can apply for Udyam.
The term ‘Udyam Aadhaar’ was replaced with Udyam Registration. Any individual who wishes to establish an MSME can apply for Udyam using their Aadhaar number.
Udyam Certificates are used to avail various benefits such as government subsidies, tax rebates, collateral-free loans, and preferences in government tenders.
You can download the certificate from the official Portal using your URN number and registered mobile number or email.
It is the process of registering an MSME. Udyam refers to the registration, while MSME refers to the type of enterprise.
The papers needed for MSME Registration include Aadhaar number, PAN card, bank account details, business address proof, business owner’s name proof, and business owner’s address proof.
MSME Registration is valid for a lifetime, and there is no need for renewal.
Aadhar card of proprietor/director/partner is a mandatory requirement for obtaining the MSME registration. Along with Aadhar we need the Pan and bank account details of the company whose udyog aadhar is to be applied. The Pvt Ltd details can be found here.