Eligibility:-   All manufacturing, service industries, wholesale, and retail trade that fulfil the revised MSME Classification criteria of annual turnover and investment can apply for MSME registration. The following entities are eligible for MSME registration:   Individuals, Start-ups, 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 Note :- GST registration is not compulsory for enterprises that do not require a GST registration.   However, enterprises that mandatorily need to obtain GST registration under the GST law, must enter their GSTIN for obtaining the MSME Registration or Udyam 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 and   For those having registration as UAM and for those already having registration as UAM through assisted filing   MSME Registration Benefits:-   Protected from delayed payments by buyers. Acquiring government tenders easily. Barcode Registration Subsidy. Eligible for priority sector lending from banks. Electricity Bills concession. Get rebates and concessions to reduce the cost of getting a patent. Get collateral-free loans from Government Schemes and also get lower interest rates on bank loans. Access to international trades. Reimbursement of ISO Certification. Marketing & Promotion assistance from the Government. Technology upgradation support to MSME.