What is udyam Registration?
MSME stands for Micro Small Medium enterprises. This was introduced by the government of India by the Micro Small Medium enterprises development act 2006.
As the name speaks it was established to support the activities of small and medium enterprises such as production activity, trade activities, the process of manufacturing, etc.
What are the Features of MSME Udyam Registration in India?
- They help in providing employment opportunities for the people, loan facilities for small-scale businesses.
- They also help in providing funds for banks or credit facilities.
- They install some training center with the intention to upgrade skills of the people and teach them how to adapt new technologies for their improvement of the business.
- They also help in the development of the infrastructure of the business, implement new technologies, machines, etc which are suitable for the present business world.
- They advise the enterprises to access local and international markets.
- They also provide certification facilities to the enterprises.
Benefits of MSME 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
- These are some of the many benefits of Udyam Registration.
How to get MSME Udyam Registration Certificate?
MSME Udyam RegistrationCertificate process is completely online. For the registration process, you should go to the government official portal www.udayamregistration.gov.in. It is done for 2 categories such as
- New entrepreneurs who haven’t registered under MSME.
OR
- Who already registered as UAM through assisted filing.
New enterprises who haven’t registered under MSME
Step 1: Go to https://udyamregistration.gov.in/
Step 2: Select the “For New Entrepreneurs who are not registered yet as MSME or those with EM-II” option.
Step 3: On the next page, fill in all the necessary details (personal and business-related)
Step 4: After filling in the details, select on “Agree to Terms and Conditions” check box and click on “Submit and Get final OTP”
Step 5: Once all your information is verified by the Government, you will receive an e-registration Certificate on your registered mail id or you can download it from the Portal.
Already registered for UAM through assisted filing
Step 1: Go to https://udyamregistration.gov.in/
Step 2: Select the “For those already have registration as UAM” option.
Step 3: On the next page, fill in all the necessary details (personal and business-related)
Step 4: After filling in the details, select on “Agree to Terms and Conditions” check box and click on “Submit and Get final OTP”
Step 5: Once all your information is verified by the Government, you will receive an e-registration Certificate on your registered mail id or you can download it from the Portal.
Documents Required for MSME Udyam Registration Certificate in India
- Pan card
- Aadhar cards
- Certificate of Incorporation
- Business Objective/MOA of the Company
- Number of employees in the Company
- Investment in Plant and Machinery as on date
- Utility Bill
- Canceled cheque or bank statement in the name of proprietor /company/LLP.
MSME Udyam Registration Certificate fees
There is no government fee for Udyam Registration or MSME registration
