Frequently Asked Questions on MSME Registration
Frequently Asked Questions on MSME Registration
Q. Is MSME updated to Udyog Aadhar?
A. Yes, MSME registration has been replaced with the Udyog Aadhar registration. If any micro, small and medium industries want to start any business; they need to do the registration with MSME/Udyog Aadhar. This registration with MSME/Udyog Aadhar can be done in two ways online and offline. This facility provides the business with a lot of benefits and subsidies.
Q. Is aadhar card compulsory?
A. Yes. For registration under the Udyog Aadhar scheme, aadhar card is compulsory. In case an applicant is other than the proprietor, the Aadhar card of the partner and the director will be required.
Q. Can existing and new businesses both apply?
A. Yes, an existing and new business can apply for MSME/Udyog Aadhar registration. Provided the existing unit is functioning and meets the threshold limits for registration.
Q. What is the validity of the certificate?
A. There is no expiry of the Udyog Aadhar Certificate. As long as the entity is ethical and financially healthy there will be no expiry of the certificate.
Q. Can trading companies register under MSME?
A. No. MSME covers only manufacturing and service industries. Trading companies are not covered by the scheme. MSME is to support startups with subsidies and benefits, trading companies are just like middlemen, a link between manufacturer and customer. Hence not covered under the scheme.
Q. Do I need multiple registrations for manufacturing plants in different cities?
Q. What are the activities specifically excluded from coverage under MSME?
- Forest and Logging
- Fishing and aquaculture
- Wholesale, retail trade and repair of motor vehicle and motorcycles
- Wholesale trade except for motor vehicles and motorcycles.
- Retail Trade Except of Motor Vehicles and motor cycles
- Activities of households as employees for domestic personnel
- Undifferentiated goods and services producing activities of private households for own
- Activities of extraterritorial organisations and bodies
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