About MSME Udyam Registration
Any person or company who wish to take the advantage of numerous benefits derived from the various relief schemes offered by the Ministry of MSME for the protection and growth of micro, small, or medium businesses, will have to enrol under Udyam. After the successful registration, the business will subsequently be issued an Udyam Registration Number and an e-certificate namely, ‘Udyam Registration Certificate’. As per the notification of the ministry of the msme, all the existing Indian companies and enterprises shall file and register as Udyam on or before 31st Mar 2021. The old Udyog Aadhaar Memorandum can be upgraded to Udyam registration by verifying/seeding the PAN. With a new Udyam registration certificate, the government of India validates the existence of the business.
Types of Organisation falling under Udyam:
Microenterprise units: Enterprise with investment up to Rs 1 crore with a turnover of less than 5 crores will now be called small enterprise units.
Small enterprise units: Enterprise with investment up to Rs 10 crore with a turnover of less than 50 crores will now be called small enterprise units.
Medium enterprise units: Enterprises with investments up to Rs 50 crore with a turnover of less than Rs 250 crore will now be called Medium units.
Document Requirement for MSME Udyam Registration?
The following documents are required for Udyam registration:
- Aadhaar card of the proprietor or the authorized signatory of the business
- PAN card of the proprietor or the authorized signatory of the business
- Business name, type, and address proof such as electricity bill, telephone bill, or water bill
- Bank account details including the IFSC code and bank branch address
- Information about the business activities, investment made, and employment generated by the business
Registration Process of private limited company
The process of MSME Udyam registration in India can be completed online through the official government portal. The steps involved in the process are as follows:
- Enter the personal details, including name, gender, category, and PAN number.
- Provide the business details, including the name of the business, type of business, and address of the business.
- Enter the bank details, including the bank account number and IFSC code.
- Provide the NIC code (National Industrial Classification) of the business activities.
- Upload the required documents, including Aadhaar card, PAN card, and address proof of the business.
- Submit the application and verify through adhar linked OTP.
- After that Udyam registration certificate will be generated, and a unique Udyam registration number will be provided.
Why to Choose Us:
- Experience: We as a service provider has experience in the field of business registration and is familiar with the latest government regulations and procedures.
- Customer service: We offer an excellent customer service and is available to you throughout the registration process.
- Cost-effective: In our company, we offer provide service at competitive pricing without compromising on the quality of services.
- Transparency: We Ensure that the service providing to you is transparent and provides a clear breakdown of the services and fees.
- Post-registration Compliance: We do not only register your business licenses, but also care them like it’s our business. Our clients are always satisfied with our regular updates and follow up for all types of their compliance work. We ensure that any of our clients do not pay any type of penalty and late fees. Our team always ready to solve their query and to even support them to get funding requirements from banks and financial institutions.
Benefit of MSME Udyam Registration
There are numerous benefits of registering and getting Udyam certificate for your business, here we have mention 16 benefits of Udyam registration.
- Interest rate Subsidy on Bank loans
- Collateral free loans from banks
- Protection against delayed payments, against material/services supplied
- Special beneficial reservation policies in the manufacturing/ production sector
- Ease of obtaining registrations, licenses, and approvals.
- MSME Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
- International trade fair special consideration
- Government security deposit (EMD) waiver (Useful while participating tenders)
- Electricity bills concession
- Stamp duty and registration fees waiver
- ISO certification fees reimbursement
- Direct tax laws rules exemption
- NSIC performance and credit rating fees subsidy
- Patent registration subsidy
- Barcode registration subsidy
- Industrial Promotion Subsidy (IPS) Subsidy Eligibility