The Udyam Registration process is a crucial step for Micro, Small, and Medium Enterprises (MSMEs) in India. This guide aims to provide detailed insights into the Udyam Registration process, its benefits, and the necessary documents required for registration.
Table of Contents
Udyam Registration: An Overview
Udyam Registration is an online registration system for MSMEs in India. Launched by the Ministry of Micro, Small and Medium Enterprises (MSME), it replaces the earlier Udyog Aadhaar registration system. The Udyam Registration portal is the only government portal for MSME registration.
Udyam Registration Benefits
Udyam Registration is a significant process for MSMEs as it offers numerous benefits. Some of these include easy access to credit, preference in procuring government tenders, market development assistance, and eligibility for various government schemes targeted towards MSMEs.
Udyam Registration Process
The Udyam Registration process is completely online, paperless, and based on self-declaration. No documents or proofs are required to be uploaded for registering an MSME. The registration process involves the following steps:
- Accessing the Udyam Registration Portal: Visit the official Udyam Registration portal.
- Filling the Application Form: The application form requires details such as the applicant’s name, email ID, mobile number, business address, Aadhaar number, PAN number, bank account details, and details about the enterprise.
- Submitting the Form: Once all necessary details have been filled in, submit the form. After submission, an OTP will be sent to the registered mobile number for verification.
- Receiving the Udyam Registration Certificate: Upon successful verification, the Udyam Registration certificate is issued online.
It’s crucial to note that the Udyam Registration process is free of cost. No fees or charges are to be paid to anyone.
Udyam Registration: Classification
An enterprise is classified as micro, small, or medium based on investment in plant and machinery or equipment and turnover. The criteria are as follows:
- Micro Enterprise: Investment does not exceed one crore rupees and turnover does not exceed five crore rupees.
- Small Enterprise: Investment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees.
- Medium Enterprise: Investment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
Udyam Registration: Classification Factsheet
The Udyam Registration portal provides a comprehensive factsheet detailing the total number of registrations, classifications, and employment generated by MSMEs.
Udyam Registration: Important Points
There are several essential points that applicants must keep in mind during the Udyam Registration process:
- An enterprise for the purpose of this process will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’.
- A permanent registration number will be given after registration.
- After completion of the process of registration, a certificate will be issued online.
- There will be no need for renewal of Registration.
- Our single window systems at Champions Control Rooms and at DICs will help you in the process.
- Registration Process is totally free. No Costs or Fees are to be paid to anyone.
Udyam Registration: Must Follow
MSME Registration is free, paperless and based on self- declaration:
- MSME registration process is fully online, paperless and based on self-declaration.
- No documents or proof are required to be uploaded for registering an MSME.
- Only Adhaar Number will be enough for registration.
- PAN & GST linked details on investment and turnover of enterprises will be taken automatically from Government databases.
- Our online system will be fully integrated with Income Tax and GSTIN systems.
Udyam Registration: For Existing Enterprises
For enterprises already registered under EM–Part-II or UAM, they need to re-register on the Udyam Registration portal on or after the 1st day of July, 2020. Existing enterprises registered prior to 30th June, 2020, will continue to be valid only for a period up to the 31st day of December, 2021.
Udyam Registration: Registration Process Details
The registration process is straightforward and user-friendly. It requires basic details such as Aadhaar number, PAN number, and bank account details. There is no fee for Udyam Registration, and the Aadhaar number is mandatory for registration.
Udyam Registration: Contact Details
For any inquiries or assistance, the Ministry of MSME can be contacted via the email address champions@gov.in.
In conclusion, the Udyam Registration process is a significant step for MSMEs in India. It provides numerous benefits and aids in the growth and development of MSMEs. Therefore, it is recommended for all MSMEs to undergo the Udyam Registration process to avail these benefits.
Disclaimer: This guide is meant to provide general information. For specific details and clarifications, please refer to the official Udyam Registration portal or consult with a professional.
