Udyam Registration
Udyam Registration simplifies the process for MSMEs in India to gain official recognition and access to various government benefits. It ensures easier access to credit, legal compliance, and support for business growth.
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An Overview of Udyam Registration
Udyam Registration is one of the key projects undertaken by the Indian government for MSMEs. As of July 1, 2020, the earlier process of Udyog Aadhaar Memorandum has been replaced with this more streamlined online registration method for MSMEs, allowing business access to all government-related benefits, subsidies, and schemes that help promote the MSME sector for growth and sustainability.
For any entrepreneur looking to start or scale up a micro, small, or medium enterprise in India, Udyam Registration is a step that needs to be taken. It makes it easier and opens up necessary government benefits, spurring entrepreneurship and promoting economic growth. This is an opportunity that entrepreneurs must take for their businesses to be duly recognized and qualified for the various support mechanisms available through the government.
Besides these, there are local offices of MSME development professionals who can be approached if further assistance or information relating to specific circumstances or topics comes forth that may arise in the registration process.
In the scheme of Udyam, in doing so, the business shall fulfill its obligation to government regulations but also position it suitably in the market considering potential competition.
Benefits of Udyam Registration
- Government Schemes: Once an MSME has registered, the business can avail of all the schemes and benefits provided by the government to promote entrepreneurship.
- Loan facility: All businesses can avail of banks and other financial institutions for loans at a very low interest rate.
- Tenders by Government: Only registered vendors are eligible for government tenders, which increases business options.
- Tax Benefits: Those businesses registered under Udyam can avail of many sorts of rebates and exemptions on income tax.
- Easy Compliance: The registration process makes compliance with necessary approvals, licenses, and registrations easier.
Importance of Udyam Registration
In the Indian economy, MSMEs provide a significant level of employment and contribute to the GDP of the country. The Udyam registration process not only legalizes the business but also provides several benefits to the entrepreneurs who can be successful in this competitive scenario.
Eligibility of Udyam Registration
Businesses are eligible to apply for MSME/Udyam Registration by satisfying the thresholds based on investment and turnover according to the government:
| Category | Investment Limit | Annual Turnover Limit |
| Micro | Does not exceed 1 crore | Does not exceed 5 crore |
| Small | Does not exceed 10 crore | Does not exceed 50 crore |
| Medium | Does not exceed 50 crore | Does not exceed 250 crore |
Types of Business Suitable for Udyam Registration
Udyam Registration is available for most business types. Some examples are as follows:
- Proprietorship
- Partnership Firms
- Limited Liability Partnerships
- Private Limited Companies
- One-Person Companies
- Producer Companies
- Cooperative Societies
- Any other association of persons
Procedure to Register on Udyam
Udyam registration is free and online. Here's how you could fill up your registration process
Step 1: Udyam Registration Login
Log in to the Udyam registration portal at https://udyamregistration.gov.in.
Step 2: New Registration
For New Entrepreneurs who are not Registered yet as MSMEs or those with EM-II, click the button. It will take you to the registration form.
Step 3: Fill up Aadhaar Details
Enter your Aadhaar number and name as you are registered in the Aadhaar database. Click on "Validate & Generate OTP." There will be an OTP message sent to your registered mobile number.
Step 4: Validate OTP
Enter the OTP that you have received on your mobile phone to authenticate your Aadhaar details.
Step 5: PAN Verification
You will be taken to the PAN verification page where you are required to enter the number of PAN, type of organization, whether ITR was filed for the previous year's income, and do you have a GSTIN
Step 6: Business Information
You fill out an application form and are supposed to put details in that format,
- Entrepreneur name
- Mobile number
- Enterprise Name
- Location and Unit Address
- Nature of Business-manufacturing or providing any service
- NIC CODE
- Number of employees
- Amount of investment in plant and machinery
- Annual turnover details.
Step 7: Download Certificate
Once your submission is successful, you shall get an e-mail regarding the Udyam Registration number, using which, you can download your Udyam Registration Certificate through the portal.
Important Points to Remember
- Self-declaration: The whole process of registration is self-declaration, i.e. no document upload is required during the registration process
- Validity: Valid while the enterprise exists; no renewal is required.
- One Registration Only: Only one Udyam registration is permitted for an enterprise, and it cannot be registered in multiple registrations.
- No Fees Involved: The entire process is free of charge; any agency or portal asking for fees is not authorized by the government
Transition from UAM to Udyam Registration
Those already registered under the Udyog Aadhaar Memorandum needed to migrate into registration under Udyam by December 31, 2021, to get access to the facilities of the government. It has been essential for harmonization in MSME registration across India.
Why Corpseed?
Corpseed guides the businesses through the process of Udyam Registration and ensures that they meet the government requirements. It simplifies the application process by verifying the necessary information and submitting it on behalf of the business, thus minimizing errors and saving time. Furthermore, Corpseed helps its clients understand the benefits associated with Udyam Registration, thus enabling the clients to use various government schemes and incentives effectively.
Connect With Corpseed
Connect with the Corpseed team to discuss your requirements at IVR: 7558640644 or hello@corpseed.com. It takes 20–25 minutes to discuss the requirement.
Dedicated Manager
Once you discuss the requirement, we will align a dedicated Account Manager to understand your business needs and assist throughout the process.
Real Time Update
Track the progress of your application and always know what’s in progress and what’s done.
Job Completed
Once the job is completed, you will receive registrations & certifications directly to your email ID and at your doorstep.
Frequently Asked Questions
Quick answers to common questions about this service.
What is the Udyam Registration Certificate?
Udyam Registration Certificate is an official document issued to MSMEs after successful registration. It proves the enterprise's status and eligibility for various government schemes and benefits.
Do I need to upload any documents for Udyam Registration?
No, Udyam Registration is based on self-declaration, and no documents need to be uploaded during registration. You only need your Aadhaar number, PAN, and bank account details.
How long does it take to get the Udyam Registration Certificate?
Generally, Udyam will issue a registration certificate within 4-5 days, but the same may get delayed in some cases.
Are MSMEs required to compulsorily register at Udyam?
Yes. MSME shall mandatorily register itself at the Udyam portal by availing its various Government benefits and schemes meant to support small and medium enterprises.
What will happen if I fail to migrate from UAM to Udyam Registration?
If you fail to migrate from UAM to Udyam Registration before the set deadline, you shall be deprived of all benefits and support offered by the government to registered MSMEs.
Can foreign businesses also get Udyam Registration?
No, Udyam Registration is made for exclusively Indian MSMEs to only operate in India.
If I am already registered under UAM?
All those who were previously registered under the Udyog Aadhaar Memorandum (UAM) have been migrated to Udyam Registration by December 31, 2021, in order to enjoy all government benefits.
What if I forget my Udyam registration number?
You can recover your Udyam registration number by visiting the portal and using the "Forgot Udyam/UAM Number" option. There, you will be required to provide your registered mobile number or email address.
Are there any penalties for not registering?
Although there are no direct penalties for failing to register, unregistered MSMEs will miss all the other government benefits and subsidies besides special opportunities that are given only to registered entities.
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