MSME/Udyam Registration Online
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Step 1
DIN & DSC for Directors and Name Approval
Step 2
Filing Application for Registration with the Ministry of Corporate Affairs ( MCA)
Step 3
Obtain Certificate of Incorporation for your Company
- OverviewOverview
- BenefitsBenefits
- Documents RequiredDocuments Required
- Registration ProcedureRegistration Procedure
- FAQFAQ
What is MSME/Udyam Registration?
MSME/Udyam registration is an initiative by the Government of India to give legal and operational identity to micro, small, and medium businesses in India. Udyam registration was previously known as MSME registration or Udyog Aadhar registration and is governed by the MSME (Micro, Small, and Medium Enterprise) Development Act, 2006. In 2020, the registration process was changed from Udyog Aadhar registration to Udyam registration in order to simplify the registration process and help businesses accelerate growth. The entire process is online and based on self-declaration. All registered businesses can take the benefits granted under the MSME scheme. This includes many financial benefits such as easy loan facilities, hassle-free registrations, additional edge in Government Tenders, protection against delayed payments, etc.
Eligibility Criteria for MSME/Udyam Registration
The business entities that fall under the following three categories can apply for MSME Registration /Udyam registration online.
Micro Enterprises: Businesses whose investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.
Small Enterprises: Entities whose investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.
Medium Enterprises: Businesses whose investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.
BENEFITS
Why should you obtain Udyam/MSME Registration for your business?
Easy Loan Facility
In the past small and medium-sized businesses have faced various hurdles while trying to get loans from banks. However, udyam registered businesses can get easy and collateral-free loans from banks and financial institutions. Additionally, loans are offered at a subsidized rate of interest to MSME registered businesses.
Hassle-free Registrations
Businesses with Udyam/MSME registration are granted hassle-free registrations/licenses with government tender work and financial agencies. Additionally, they are also eligible for subsidized rates for other government registrations. For example, ISO certification is granted free of cost to all Udyam registered businesses. They are also eligible for a subsidized rate for barcode registration, etc.
Rebate on TM and Patent application
Government fees on Trademark applications for entities such as Companies, Partnership firms, and LLPs are higher compared to individual and proprietorship firms. These entities may claim a 50% rebate on the Government fees by submitting an MSME registration certificate. Similarly, a rebate is prescribed in Patent registration also.
Concession rate on various utility bills
Businesses are granted concessions on utility bills such as electricity bills, water bills, gas bills, etc. This is particularly helpful for businesses involved in manufacturing. In certain situations, registered businesses are also eligible for rebates on their electricity bill.
DOCUMENTS CHECKLIST
Documents required for Udyam Registration online
Aadhar Card
A Copy of the proprietor’s Aadhar card or of director(s) or partner(s) in other cases for Udyam Aadhar Registration.
PAN Card
A Copy of PAN card of the business entity; or of individual in case of proprietorship firm.
GSTIN of business
GST Number Certificate issued by the GST Department to a business if applicable.
Bank Account Details
The passbook or Cancelled cheque of the bank account is must.
Proof of Type of Business
Certificate of Incorporation or Registration Certificate mentioning the type of business.
Major Business Activities Proof
Sales Invoices or proforma invoices to know the major activities done by the business.
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Have Questions about Udyam Registration? Find Answers Here
Any sole-proprietor, partnership firm, HUF, company, limited liability partnership firm, trust or society whose plant and machinery investment is below INR 50 crores and has a turnover of less than INR 250 crores are eligible for Udyam registration.
Udyam registration certificate is a certificate provided to all Udyam registered entities. It is provided as a downloadable pdf/soft copy by the Government on the registered email id of the applicant or entity. The certificate is available on Udyog Aadhar portal. And can be downloaded using the applicant’s Aadhar number.
No, you do not have to renew your Udyam registration. It’s a permanent registration, it stays valid for as long as the registered business exists.
With a notification issued dated 27.06.2017, the ministry has excluded activities of wholesale or retail trading; Fishing and aquaculture; Forestry and logging; and more. Business entities engaged solely in activities falling under such categories cannot make an application for registration. Pursuant to an update in 2021, retail and wholesale traders other than those dealing with motor vehicles and motorcycles are now eligible for Udyam registration.
There are zero government fees charged for Udyam Aadhar Registration online. However, you can go for assisted filing services for MSME registration and professional fees will be applicable.
Yes, the Aadhar card of the applicant is mandatory for Udyam/Udyog Aadhar registration. In case, the applicant is a proprietorship firm, the proprietor’s Aadhaar is required. If it’s a HUF Karta’s Aadhaar is needed. In the case of a partnership firm the Aadhaar of the managing partner has to be provided and in the case of an LLP or Company, the Aadhar of an authorized signatory must be provided.
No, GST Number is not mandatory for MSME Registration. However, it is mandatory to mention the GST number if obtained earlier.
This is a voluntary registration and not mandatory. Nevertheless, udyam registration is highly recommended due to the benefits available to registered businesses.
