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msme registration services in india

The Ministry of MSME, through the MSME Act, has laid down a framework to promote micro, small and medium enterprises and provide required support for their sustenance and growth. In order to do so, it has created a National Industrial Classification for all economic activities carried out by businesses across India.

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msme registration services in india

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  1. Msme Registration Services In India https://www.udyogaadhar.co.in/

  2. Business Activities Not Allowed To Obtain Registration As Msmes In India

  3. The Ministry of MSME, through the MSME Act, has laid down a framework to promote micro, small and medium enterprises and provide required support for their sustenance and growth. In order to do so, it has created a National Industrial Classification for all economic activities carried out by businesses across India. This National Industrial Classification which is commonly known as NIC Code was created in partnership with the Central Statistical Organization which operated under the Ministry of Statistics and Programme Implementation. The current version of the National Industrial Classification being used was developed in 2008, whereas this task initially commenced in 1960 various versions have been used till date. The latest version currently used was adopted in 2008.

  4. The structure of the NIC Code is primarily divided into 3 groups: • Primary Production • This consists of Agriculture and Mining related activities. • Secondary Production • This consists of Manufacturing and Construction related activities. • Services • This consists of all services such as commerce, administration, transport, telecommunication, etc. • In the previous or older system of Udyog Aadhar Registration there were various activities under the NIC code which were included and excluded from the scope of the Scheme to provide benefits or assistance to MSMEs. As per the Office Memorandum numbered UAM/MC/01/2017-SME activities stated below would be excluded from the scope of the Micro, Small, and Medium Enterprise Development Act, 2006. The activities were:

  5. The Ministry of MSME, vide Office Memorandum F.No. 5/2(1)/2020/E has stated the following: • 1)Activities under NIC Code 92 which include activities of Gambling and betting activities will also not be covered the new scheme. • 2)Even though the activities covered under NIC Code 45 are barred from registration as MSMEs, keeping in view the current • circumstances the following activities having the respective 5-digit NIC code under section 45 will be allowed to obtain registration as MSMEs: • •NIC Code 45200 – Includes activities of Maintenance and repair of motor vehicles • •NIC Code 45403 – Includes activities of Maintenance and repair of motor cycles, mopeds, scooters, and three wheelers • 3)Activities covered under the NIC Code 01 will not be allowed except the following activities which are included in the sub-classes of NIC code 01 and have these respective 5 digit NIC codes:

  6. The news was circulated recently that all activities of Retail and Wholesale trade have also been allowed registration as MSME but no such circular or office memorandum from the Ministry of MSME has been issued yet. As retailers and wholesalers across the country express their unhappiness about keeping them out of the new system. Due to this the Ministry of MSME, keeping in mind the current pandemic situation has lend a hand of support by allowing Retailers and Wholesalers to avail Guaranteed Emergency credit which is normally made available to only registered MSMEs. If the government will allow Retailers or Wholesalers to obtain registration is something to watch out for in the coming budgets.

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