Udyam Registration - Udyam Registration Online, Process
You can easily register Udyam registration online. Udyam Registration is a form of government registration that is provided with a certificate of recognition and a unique number to certify MSMEs and is therefore also known as MSME Registration.The main objective of Udyam Registration is to simplify the time-consuming and complicated process of Medium and Small Enterprise (MSME) registration for any company. Any form of entity can go for Udyam Registration, such as an LLP or a private limited company.
You may apply for your Udyam registration online at the Udyam Registration Portal . A permanent identification number and e-certificate, known as 'Udyam Registration Number' and 'Udyam Registration Certificate' respectively, will be allocated after the registration has been completed. The Ministry of MSMEs offers various advantages for the growth of MSMEs, and companies with Udyam Registrations may also benefit from them. Some of the advantages are reduced bank interest rates, IPS subsidy eligibility, power bill discounts, exemptions under Direct Tax Laws, simpler registration and licensing, protection against delays in payment, etc.
Who Should Apply for Udyam Registration Online?
Any person who intends to create a micro, small, medium-sized enterprise can file an online registration for udyam.
Revised MSME Classification
| Enterprise | Investment in plant and machinery or equipment | Turnover |
|---|---|---|
| Micro enterprise | Should not exceed INR 1 Crore | Should not exceed INR 5 Crore |
| Small enterprise | Should not exceed INR 10 Crore | Should not exceed INR 50 Crore |
| Medium enterprise | Should not exceed INR 50 Crore | Should not exceed INR 250 Crore |
Benefits of Udyam Registration
There are various benefits of udyam registration
- Interest rate Subsidy on Bank loans
- Banks free collateral loans
- Payment delay protection against the provision of material/services
- In the manufacturing/production sector, special beneficial reserve policies
- Requirements, licenses, and approvals are simple.
- CLCSS (Credit-linked Capital Subsidy Scheme) entitled to MSME Registered Entity
- Special consideration of international trade fair
- Waiver (useful during the invitation to tender) of the government security deposit (EMD)
- Concession for energy bills
- Waiver of stamp duty and fees
- Reimbursement of ISO certification fees
- Exemption from direct tax laws
- Credit ranking and efficiency subsidies for NSIC
- Subsidy for patent registration
- Barcode registration subsidy
- Industrial Promotion Subsidy (IPS) Subsidy Eligibility
Documents Required for Udyam Registration
Udyam Registration Process
Simple and easy Udyam registration process follows these steps and you can easily get an udyam registration certificate.
- Step 1: Visit the Udyam Registration.
- Step 2: Fill out all the information on the registration form for Udyam. Make sure that you correctly enter all the details.
- Step 3: Make the payment online for your application for Udyam.
- Step 4: Your Udyam application will be handled by one of the registration executives.
- Step 5: You will get your UDYAM certificate at your registered email address within 1-2 hours.
If you have any doubt just fill the complaint form. Our expert will contact you soon.