After pandemic Indian government launched the "Atmanirbhar Bharat" scheme program because of the Indian Citizens' problems that are faced during widespread. According to which government has a motive to make the Atmanirbhar Indians mean self-reliance and to encourage business-friendliness. Udyam Registration has now been launched to make this initiative an effective Indian government.
What is Udyam Registration?
The Government of India initiated the new registration process for micro, small and medium-sized enterprises ( MSMEs) under the name Udyam Registration on 1st july 2020. This will now be known as Udyam, according to a notification published on 26 June 2020 by the Ministry of Micro Small and Medium Enterprises (MSME). The new method of registration began on July 1st 2020.
The MSME registration process has now become faster and more easier with the launch of Udyam registration. An enterprise can easily register Under MSME just on the Aadhaar card basis. For company registration you need a PAN Card and GSTIN. It also creates the opportunities for ease of doing business.
Just follow our step by step guide of Udyam Registration in order to get the in depth knowledge about classification of MSME Enterprise, Benefits, Eligibility criteria, process to apply and the Documents required.
Classification of MSME Enterprise
Investment in plant and machinery or equipment
Should not exceed INR 1 Crore
Should not exceed INR 5 Crore
Should not exceed INR 10 Crore
Should not exceed INR 50 Crore
Should not exceed INR 50 Crore
Should not exceed INR 250 Crore
Benefits of Registering under Udyam Registration
We are highlighting some of the main benefits of Udyam registration which are provided according to the notification of ministry of MSME:
Paperless, web based, and entirely self-declaration based process.
For business registration, only Aadhaar Card is required.
Bank loans are made available with no protection.
Subsidy will be given on interest rate for bank loans, registration of patents and barcodes, GST and income tax filing, etc.
Defense against defaulting payments.
Privilege on water and electricity bills.
Entrepreneurs are now eligible for International Trade Fair.
Exports are now free from enterprise turnover calculations.
Reimbursement of ISO-certified payments.
Eligibility criteria for Udyam Registration
Someone who belongs to Proprietorship, Hindu Undivided Family (HUF), One Person Company (OPC), Partnership Business, Limited Liability Partnership (LLP), Private Limited or Limited Company, Co-operative Societies or any other group of individuals will easily apply for Udyam Registration.
Process to Apply Udyam Registration
Just Follow our simple procedure to apply for Udyam Registration:
Step 2: Just fill the Udyam application Form as per the requirements.
Step 3: After the form submission, Make the payment for your Registration application.
Step 4: One of the registration executives will forward your application form.
Step 5: You will receive your Udyam Registration Certificate on your registered email address after 1-2 hours.
Documents Required for Udyam Registration
Just refer below to know the documents required for the registration of Udyam Registration:
GSTIN and PAN Card ( only for Company registration)
Apply for Udyam Registration Now!
We help startups and entrepreneurs get registration and certification for all processes of the Indian government. We are well qualified for micro small & medium-sized companies with the MSME New Udyam Registration processing system. Our client is extremely pleased with our work. Satisfied clients often return for other procedures of registration and upgrading. Many portals are very complex and have lengthy form submission processes which are not at all customer friendly and ideal for first time users.
Our portal has a single-window system for problem-free Udyam Registration online. If you face any kind of issue regarding form submission then you can contact us at @udyam.org.in
Last Updated : 29/06/2020 | Total Visitor : 141464
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