MSME Certification refers to the registration provided by the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India. This certification gives official recognition to businesses as Micro, Small, or Medium Enterprises, allowing them to access various benefits such as loans at lower interest rates, subsidies, and easier access to government tenders.
- Key Points:
Eligibility (As per MSME Classification):
Micro Enterprise:
Investment ≤ ₹1 crore and Turnover ≤ ₹5 crore
Small Enterprise:
Investment ≤ ₹10 crore and Turnover ≤ ₹50 crore
Medium Enterprise:
Investment ≤ ₹50 crore and Turnover ≤ ₹250 crore
- How to Register (Udyam Registration):
Visit the official portal: https://udyamregistration.gov.in
Aadhar number of the proprietor/partner/director is required.
PAN and GSTIN are also required (mandatory for companies and LLPs).
No registration fee.
- Benefits of MSME Certification:
Collateral-free loans from banks
Subsidies on patent registration and industrial promotion
Concession on electricity bills
Protection against delayed payments
Preference in government tenders
Eligibility for various schemes (like Credit Linked Capital Subsidy Scheme, etc.)
- Difference between msme registration & nsic registration:
The MSME (Micro, Small, and Medium Enterprises) and NSIC (National Small Industries Corporation) are both related to the promotion and support of small businesses in India, but they serve different purposes and operate independently under the Ministry of MSME.
- Here’s a clear comparison:
| Feature | MSME (Udyam Registration) | NSIC (National Small Industries Corporation) |
| What it is | A government registration to recognize a business as Micro, Small, or Medium | A government corporation that supports small businesses |
| Purpose | Provides classification for eligibility under government schemes and benefits | Offers business support services like marketing, finance, and technology |
| Registration | Done via Udyam Portal | Requires a separate registration (Single Point Registration Scheme – SPRS) |
| Eligibility | Based on investment and turnover criteria (Micro, Small, Medium) | Only for Micro & Small Enterprises registered under MSME |
| Key Benefits | Government scheme eligibility, tax benefits, tender preference | Access to government tenders without EMD, marketing support, raw material assistance |
| Registration Fee | Free | Nominal fee based on turnover |
| Authority | Ministry of MSME | PSU under Ministry of MSME |
- Summary:
MSME/Udyam registration is your identity as a small business.
NSIC registration helps you access markets and schemes more effectively, especially for government tenders.
