UPDATE UDYAM REGISTRATION
Certificate issued By Ministry of MSME, MICRO, SMALL and MEDIUM Enterprises Department.
Important to Know
An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: —
- (i) a micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
- (ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
- (iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
For the detailed legal framework for classification of MSMEs and Procedure for their Registration
Must Know
Government has organised a full system of Facilitation for 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.
- This certificate will have a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed.
- 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.
Must Follow
- MSME registration process is fully online, paperless and based on self-declaration.
- Only Adhaar Number will be enough for registration.
- PAN & GST linked details on investment and turnover of enterprises will be taken automatically from Government data bases.
- Our online system will be fully integrated with Income Tax and GSTIN systems.
- Having PAN & GST number is mandatory from 01.04.2021.
- Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves.
- No enterprise shall file more than one Udyam Registration. However, any number of activities including manufacturing or service or both may be specified or added in one Registration.
Documents Required
- Aadhaar Card
- Email ID and mobile number of the entrepreneur
- Name of your organization or enterprise
- Current address and account details
- PAN number and the total investment made in the organization by the entrepreneur.
Use of MSME / Udyog Aadhaar Certificate
- Easy sanction of Bank loans at lower rates of interest
- Claim stamp duty and registration charges.
- Rate of interest from the banks can be reduced.
- The business owner who opts for Udyog Aadhar can get a concession on Electricity bills.
- Can become a part of International business fairs.
- Enjoy easy bank mortgage.
- Exemption under direct tax laws.
- Reservation of products for exclusive manufacturing by MSME and SSI.
- Can avail subsidy from NSIC and credit ratings & Eligible for IPS subsidy.