Udyam Registration

In today's competitive business landscape, it is crucial for small and medium-sized enterprises (SMEs) to leverage government initiatives that streamline operations, offer benefits, and provide formal recognition. One such initiative by the Government of India is Udyog Aadhar registration, now known as Udyam registration. This initiative is designed to support the growth and development of micro, small, and medium enterprises (MSMEs) nationwide. Udyam Registration also referred to as MSME Registration, is the updated process for registering MSMEs introduced by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. Alongside this new registration process, the Ministry also updated the MSME classification criteria.

IndiaFilings is your trusted partner when it comes to simplifying the Udyam Aadhaar registration process. Our dedicated team of experts is well-versed in the intricacies of the Udyam registration online process and can help your business secure its Udyam Certificate and Registration Number swiftly and seamlessly. 

What is Udyam Registration?

Udyam Registration is an official process initiated by the Ministry of Micro, Small, and Medium Enterprises (MSMEs), Government of India, for the formal registration of micro, small, and medium enterprises (MSMEs). Introduced on July 1, 2020, it replaced the earlier Udyog Aadhar Memorandum (UAM) system. The Udyog Aadhar/Udyam registration is designed to classify enterprises based on their investment and turnover. As per the new classification metrics, all Micro, Small, and Medium Enterprises (MSMEs) in India are collectively known as MSME. Entrepreneurs can apply for MSME Udyam Registration online, and upon successful completion, the enterprise is assigned a permanent Udyam Registration Number and receives an e-certificate known as the Udyam Registration Certificate. This online, self-declaration-based process aims to streamline access to government benefits.

MSME Udyam Registration Benefits

Benefits of having a Udyam Registration Number for your business include:

  • Special Preference in Government Tenders: Registered Udyam enterprises receive preferential treatment in government procurement processes, enhancing their chances of securing contracts.
  • Access to Collateral-Free Bank Loans: Udyam Registration facilitates access to bank loans without the need for collateral or mortgage, making it easier for MSMEs to secure financing.
  • Interest Rate Exemption: Udyam Aadhaar Registered businesses are eligible for a 1% interest rate exemption on bank overdrafts (OD), reducing their borrowing costs.
  • Eligibility for Tax Rebates: Udyam enterprises can benefit from various tax rebates, providing significant tax savings.
  • Priority in Licensing and Certification: Udyam Aadhaar Registration offers priority consideration for obtaining government licenses and certifications, streamlining business operations.
  • Tariff and Capital Subsidies: Registered MSMEs with MSME certificate are eligible for tariff subsidies as well as tax and capital subsidies, lowering their operational costs.
  • Electricity Bill Discounts: Udyam enterprises receive discounts on electricity bills, reducing their utility expenses.
  • Protection Against Delayed Payments:  Udyam  Registration offers protection against delayed payments from buyers, ensuring better cash flow management.
  • Trademark and Patent Discounts: Registered businesses can avail of a 50% discount on government fees for filing trademarks and patents, making intellectual property protection more affordable.
  • Expedited Dispute Resolution: Udyam enterprises benefit from faster resolution of disputes, minimizing business interruptions and legal costs.

Who can Apply for Udyam Registration?

Any individual who intends to establish a micro, small, or medium enterprise can file for Udyog Aadhar/Udyam Registration online through the Udyam Registration portal. Eligible applicants include:

  • Proprietorships
  • Hindu Undivided Family (HUF)
  • Partnership Firm
  • One Person Company (OPC)
  • Private Limited Company
  • Public Limited Company
  • Producer Company
  • Limited Liability Partnership (LLP)
  • Any Association of Persons
  • Co-operative Societies

No enterprise is permitted to file more than one Udyam Registration and Udyam/MSME Certificate. However, a single Udyam Registration can encompass multiple activities, including manufacturing, services, or both, ensuring comprehensive coverage under one registration.

Eligibility Criteria for Udyam Registration

To be eligible for Udyam registration and get Udyam certificate, your business must fall under the category of a Micro, Small, or Medium Enterprise based on specific investment and turnover thresholds as outlined below:

Enterprise TypeInvestment CriteriaAnnual Turnover Criteria
Micro EnterpriseUp to Rs. 1 croreNot exceeding Rs. 5 crore
Small EnterpriseUp to Rs. 10 croreNot exceeding Rs. 50 crore
Medium EnterpriseUp to Rs. 50 croreNot exceeding Rs. 250 crore

Businesses meeting these criteria can apply for Udyam Registration to avail of various benefits provided under the MSME schemes.

When to Opt for Udyam Registration?

While applying for Udyam Registration is voluntary and not compulsory for entrepreneurs, it is highly recommended for most businesses to register shortly after their establishment. This early registration allows businesses to take full advantage of the various government benefits available to MSMEs.

Documents Required for Udyam Registration

When it comes to the documents required for the Online Udyam Registration process, it is worth noting that the application is primarily based on self-declaration. As such, uploading any additional documents during the registration procedure is unnecessary. Applicants must only provide their 12-digit Aadhaar Number, PAN (Permanent Account Number), and Bank Account details of the business to complete the registration process efficiently.

  • PAN Card Number: The Permanent Account Number (PAN) of the business or the proprietor.
  • Aadhaar Number: The Aadhaar card number is required as follows:
    • Proprietorship Firms: Aadhaar card of the proprietor.
    • Partnership Firms: Aadhaar card of the managing partner.
    • LLPs, Companies, Cooperative Societies, or Trusts: Aadhaar card of the authorized signatory.
  • GST Number (if applicable): The GST number is mandatory only for enterprises that require GST registration.

Validity of Udyam Certificate

The Udyam Registration Certificate is valid for a lifetime and does not require renewal, provided the enterprise continues to meet the classification criteria for MSMEs.

Udyam Registration Fees

The registration for MSMEs under the Udyam Registration Portal is entirely online and completely free of charge. There are no Udyam Registration Fees associated with the process.

While the registration process might seem tedious and time-consuming, IndiaFilings can simplify it and help you get a Udyam Certificate easily. Our expert team can assist you in obtaining your Udyam Udyog Registration quickly and with minimal effort, ensuring a hassle-free experience.

Simplify Udyam Registration with IndiaFilings!

To obtain Udyam Registration through IndiaFilings, simply follow our streamlined process designed to make registration quick and hassle-free. Begin by providing your basic business details, and we will take care of the rest, including validating necessary information and submitting the application on your behalf. Our experts will handle the complexities, ensuring that your business is accurately registered without any of the typical confusion. Upon completion, you'll receive your Udyam certificate, granting you access to various government benefits and support for your MSME.

Streamline your Udyam Registration with IndiaFilings today!

 

UDYAM Registration FAQ's

Who is eligible for Udyog Aadhar?

Anyone wishing to establish a micro, small, or medium enterprise can apply for Udyam Registration.
  • Partnership Firm
  • One Person Company
  • Proprietorships
  • Private Limited Company
  • Limited Company
  • Producer Company
  • Limited Liability Partnership
  • Any association of persons
  • Co-operative societies
  • Any other undertaking
  • Hindu Undivided Family (HUF)
Note: As per the Revised Guidelines for MSME, retail and wholesale trades will be allowed to register on Udyam Registration Portal.

What are udyam registration fees?

The Registration for MSMEs under Udyam Registration Portal is entirely online, and there is no fee for MSME registrations. It is free of cost.

The registration process can be tedious and time-consuming, but IndiaFilings can help you make it easier. With our assistance, you can quickly get your Udyog Aadhar/Udyam Registration done with minimal effort and hassle.

What is Udyog Aadhar Benefits?

  • Udyog Aadhar/ Udyam Registration will be an enterprise's permanent registration and primary identification number.
  • MSME Registration is paperless and based on self-declaration.
  • Udyam registration is permanent, and there will be no need for renewal.
  • Any activities, including manufacturing, service, or both, may be specified in one Udayam Registration.
  • Enterprises may register themselves on GeM (Government e Portal along with the Udyam Registration.
  • MSMEs themselves can also be onboard on the TReDS Platform 
  • The Udyam Registration may also help MSMEs in availing the benefits of the following Schemes of the Ministry of MSMEs :
  • Credit Guarantee Scheme
  • Public Procurement Policy
  • Additional edge in Government Tenders & Protection against delayed payments.
  • Udyam registered entity becomes eligible for priority sector lending from Banks.

What is NIC code for Udyam Registration?

The NIC code is a business code that is provided by the government to track the business proceedings for the organization under the micro, small and medium enterprises.

How many NIC codes can one add to NIC registration?

One can add a maximum of 10 NIC codes for Udyam registration.

What is the Udyam Registration?

Udyam registration is the latest Registration procedure for the Micro, Small, and Medium Enterprises (MSME), launched on July 1, 2020, by the government to ease the registration process.

Who is eligible for Udyam registration?

Anyone intending to establish micro, small, or medium enterprise may apply online. for Udyam registration.

Who is eligible to apply for MSME registration?

MSME registration can be obtained by the following entities that fulfill the revised MSME classification criteria of annual turnover and investment:
  • Individuals, startups, business owners, and entrepreneurs
  • Private and public limited companies
  • Sole proprietorship
  • Partnership firm
  • Limited Liability Partnerships (LLPs)
  • Self-Help Groups (SHGs)
  • Co-operative societies
  • Trusts
These entities involved in the following activities are eligible for Udyam registration:
  • Manufacturing Enterprises
  • Service Enterprises
  • Small retailers or wholesalers

What are the definitions of MSME effective from 01/7/2020?

Composite Criteria: Investment in Plant / Machinery and Turnover
Sl.No Type of Enterprises Investment Turnover
1 Micro enterprises Less than Rs.1 Crore Less than Rs.5 Crore
2 Small enterprises Less than Rs.10 Crore Less than Rs.50 Crore
3 Medium enterprises Less than Rs.20 Crore Less than Rs.100 Crore

Are traders eligible for Udyam registration? 

Earlier, the MSME registration covered only manufacturing and service industries. The scheme does not cover trading companies. However, in July 2021, the government announced that the wholesale and retail trade would come under the MSME classification and thus can apply for their wholesale/retail business registration.

Can we have two Udyam registrations?

When the enterprises are different, i.e., established under other names and registered or incorporated separately, the enterprise proprietor can apply for MSME registration. However, an enterprise cannot file for more than one Udyam Registration. All the activities, including manufacturing or service, should be specified or added to one Udyam Registration. An entrepreneur can add additional actions to the Udyam Registration by clicking on the ‘Update Details’ option on the homepage.

Is the Aadhar card compulsory for Udyam Registration?

Yes. For obtaining Udyam registration, an Aadhaar card is compulsory. In case an applicant is other than the proprietor, the Aadhaar card of the partner and the director will be required.

Can I obtain more than one Registration on the same PAN?

No, one cannot take more than one Udyam Registration on the same PAN.

What is the NIC code for Udyam Registration?

The NIC code is a business code that is provided by the government to track the business proceedings for the organization under the micro, small and medium enterprises. One can add a maximum of 10 NIC codes for Udyam registration.

What are the uses of Udyam Registration?

  • MSME registration helps in getting government tenders
  • Under bank loan, 15% import subsidy on fully automatic machinery
  • It becomes easy to get licenses, approvals, and registrations, irrespective of the field of business
  • Compensation of ISO certificate expenditure
  • It helps in getting low-interest rates on loans
  • Registered MSMEs get tariff subsidies and tax and capital subsidies
  • Gets exemption under Direct Tax Laws
  • Concession in electricity Bills
  • Protection against payments (Delayed payments) MSME Samadhan
  • Technology and quality up-gradation support to MSMEs

How long does it take to obtain Udyam Registration?

The processing is dependent on the submission of the documents by the client.

Are there any chances of rejection of Udyam?

The application will be approved based on the information provided by the applicant. The documents and details should be up to date to avoid any chances of rejection.

Is Registration of MSME /Udyog Aadhar replaced with Udyam Registration?

Yes, MSME / Udyog Aadhaar registration is replaced with Udyam Registration. As per the notification of MSME dated 26.06. 2020, Udyam Registration is the new process of Registration launched by the Ministry of Micro, Small, and Medium Enterprises, effective from July 1, 2020.

Is the MSME Udyam registration compulsory?

No. The enterprises that come under the MSME category need not mandatorily apply for MSME registration. However, it is better to obtain MSME/Udyam registration as the government provides a lot of benefits in terms of loan facilities, easy access to credit, low-interest rates, eligibility to many schemes, etc., to the enterprises that have Udyam registration.

Do I need multiple registrations for manufacturing plants in different cities?

No. The MSME/Udyam Registration Certificate is for a single entity irrespective of multiple branches or plants. However, information about various departments or plants must be furnished.

Whose Aadhaar number is required to be entered when filling the MSME registration?

In the case of a company, its authorized signatory should provide the PAN and Aadhaar number while filling in the MSME registration.

Is Aadhar mandatory for Udyam Registration?

Yes, Aadhar is mandatory for obtaining the Udyam registration.

What documents are required for Udyam Registration?

The user will have to provide their 12 digit Aadhar number, PAN Card, and the bank account details of the business for the registration process.

What is the validity of Udyam registration?

The registration is valid till the existence of enterprises and there is no need to renew the registration.

Check Business Name Availability

Find if business name can be registered with MCA in India

To register a company in India, the first step is to obtain name approval for the business from the Ministry of Corporate Affairs (MCA). This process takes about 24-48 hours. A private limited company name in India must end with the words private limited. One Person Company ends with (OPC) private limited. LLP end with LLP and Section 8 companies can end with words like foundation, association or institution.

A company name proposed to be registered cannot be identical or similar to an existing company name. Also, every company name must include a word that denotes the activity undertaken. For example, in VERVE Financial Services Private Limited - Financial Services denote the activity undertaken. Check Business Name Availability

Online Trademark Search

Enter a brand name to search across all trademark classes

All trademarks are registered in India with the Office of the Controller General of Patents, Designs and Trade Marks. A trademark application has to be filed under a class that denotes the type of goods or services the brand or logo represents. There are 45 trademark classes and each class represent a distinct type of goods or service.

Trademark search can be conducted using the tool above to check if any identical or similar brand or logo is registered or applied for under the same class. If there is an existing application, care must be taken while reapplying to ensure that the application is not rejected by the Trademark Registrar. Trademark Search

Smarter Banking

Avail a range of banking services through IndiaFilings.com. IndiaFilings can help you open a current account, get a payment gateway or avail loans through our Partner Banks.

Customer Reviews For UDYAM Registration

IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.

CHAITALEE ANKUSH ERANDE

UDYAM Registration
Verified Customer
03 January 2024
How can we improve?

Very late

R PANDEESWARI

UDYAM Registration
Verified Customer
27 December 2023
How can we improve?

Very supportive Instant service provider

BHAGYASHREE PRATHAMESH SONTAKKE

UDYAM Registration
Verified Customer
01 December 2023
How can we improve?

Wonderful experience with India Filings and best customer support with Bhagyashree Jee Thanks you Bhagyashree and her team of india filings

ANANDALAKSHMI G

UDYAM Registration
Verified Customer
22 November 2023
How can we improve?

Very prompt Excellent service Really appreciate the sincearity of her

SOLKAR FAZILAT SARFARAZ

UDYAM Registration
Verified Customer
21 November 2023
How can we improve?

LLP deed registration in correct file was sent without having a bullet numbering later it was suggested to write and number it with pen which looks very poor and unprofessional

IRFAN JALAL M

UDYAM Registration
Verified Customer
28 October 2023
How can we improve?

not done

WARALKAR UPENDRA DIPAK

UDYAM Registration
Verified Customer
13 October 2023
How can we improve?

Best team supportive

BABITHA M

UDYAM Registration
Verified Customer
09 October 2023
How can we improve?

G

Udyam Registration in City


X
User

Live Chat!

We are available

loading...