MSME Registration Overview
The government has introduced the new Udyam Registration to replace the older MSME and Udyog Aadhar registrations from July 1, 2020 onwards. Organizations which are engaged either in manufacturing or production or processing or preservation of Goods OR in the providing or rendering of services are eligible for registration under the new Udyam Registration. In other words, the enterprises which are engaging only in trading i.e. buying, selling importing, exporting of Goods are not eligible for applying for Udyam Registration.
The applicability of the Udyam registration is for Micro, small and medium sized organizations. The categorization is summarized below:
Type of Enterprises:
Benefits Of MSME Registration
Some of the benefits available post registrations under Udyam aresummarized below. Apart from those listed below, there are many other benefits provided by the different govt. bodies for specific industries.
- After registering under Udyam, the applicant will receive the benefits of all the government schemes such as an easy loan, loan without guarantee, loans with subsidized rates of interest etc.
- The applicant will receive financial support for participating in foreign expos to showcase their products.
- Registration would facilitate hassle-free opening of current bank accounts in the name of the business.
With the recent thrust on development of MSMEs by Govt of India, registration under Udyam has become very important. The primary reason is the ability to avail the benefits being provided by the Govt.
Procedure To Obtain Registration Certificate :
1. Fill Up The Application Form
Fill the application form correctly and then submit the application.
2. Make Online Payment
Complete the payment with our secured payment gateway and get your application processed instantly.
3. Team Will Process Application
After successful submission of application and payment. Our team will process your registration.
4. Get Your Certificate In Your Mail
After successfully processing. We will deliver your Registration Certificate in your Registered Email Id.
