All About UDYAM
What is UDYAM registration?
Udyam registration is a certification for micro, small, and medium enterprises operating in India. Udyam certificate is issued by the Ministry of MSME Government of India. It facilitates the development & promotion of enterprises through various benefits & schemes in India.
When to register under Udyam?
If someone wants to avail benefits from the Central or State Government and the Banking Sector then Udyam Registration is required
Benefits of Udyam Registration
- Claim stamp duty and registration charges waiver, reducing the acquisition cost
- Get an exemption of 1% rate of interest on Overdraft
- Get a subsidy of 50% on patent fees and trademark
- Registered MSME‘s get exemptions under direct tax laws
- Concession on electricity bills
- Claim the expenses for obtaining ISO certification
- Get Government tenders easily and avail exemption
- Easy to obtain licenses, registrations, and approvals
- Interest rate Subsidy on Bank loans
- Exemption under direct tax laws
Documents Requires for Registration
- PAN of the Organization
- GST Certificate
- Aadhaar Copy of entrepreneur
- Social Category of entrepreneur
- Mobile No.
- E-mail address
- Date of Commencement of Business
- BANK A/c No and IFSC Code (or Pass Book copy)
- No of Employees (With Bifurcation of Male and Female)
- Nature of Business
- Latest Audited Financial Statements
Whether Fee to be Payable for the Udyam Registration?
MSME Registration is free of cost and the website does not charge any official fee for issuing registration certificate.
Steps to Register under Udyam
The following are the steps to register as MSME under UDYAM registration.
Step 1: Go to https://udyamregistration.gov.in/
Step 2: Click on the “For New Entrepreneurs who are not registered yet as MSME or those with EM-II” option
Step 3: Enter your Aadhaar number and name as per the Aadhaar, and click on “Validate & Generate OTP”
Step 4: Enter the OTP received on your phone and select validate.
Step 5: On next page, select the type of organization and enter your PAN Number, and click on validate.
Step 6: On the next page, fill in all the necessary details (personal and business-related)
Step 7: After filling in the details, select on “Agree to Terms and Conditions” check box and click on “Submit and Get final OTP”
Step 8: Enter the OTP received on your phone and click on the “Submit” button and you will receive a registration number
Step 9: Once all your information is verified by the Government, you will receive an e-registration document on your registered mail id.
All existing enterprises registered under EM-II or UAM shall register again on the “Udyam Registration” portal on or after the 1st July 2020
Who are eligible under UDYAM Registration?
