Udyam registration is an online process with no document upload required. A permanent URN is issued post registration. Learn about the same in detail now
Udyam Registration Procedures
The Registration portal is a government-run website allowing micro, small, and medium enterprises (MSMEs) to register online. The registration process is simple, free, and takes only a few minutes to complete.
To register your MSME on the Registration portal, you will need to provide the following information:
- Aadhaar number
- PAN number (optional)
- GSTIN (optional)
- Business name
- Business Type
- Business address
- Number of employees
- Investment in plant and machinery
- Annual turnover
Once you have provided all the required information, you must submit your application. The government will review your application, and you will receive a Registration Certificate once your registration is approved.
The Registration Certificate is a valid proof of registration for MSMEs. It can be used to avail various benefits and schemes offered by the government, such as:
- Subsidies on loans and interest rates
- Priority in government tenders
- Tax concessions
- Access to government-sponsored training and development programs
Eligibility for Udyam Registration
Any enterprise that meets the following criteria is eligible for Registration:
- It is a micro, small, or medium enterprise (MSME) as defined by the Micro, Small, and Medium Enterprises Development Act, 2006.
- It is carrying on business or entrepreneurial activity in India.
Benefits of Udyam Registration
There are many benefits to registering your MSME on the Registration portal. Some of the key benefits include:
- Easy access to government benefits and schemes: MSMEs with a Registration Certificate are eligible for a variety of government benefits and schemes, such as subsidies on loans and interest rates, priority in government tenders, tax concessions, and access to government-sponsored training and development programs.
- Enhanced credibility and reputation: A Registration Certificate is a valid proof of registration for MSMEs. It can be used to enhance the credibility and reputation of your business when dealing with customers and suppliers.
- Increased access to finance: MSMEs with a Registration Certificate are more likely to be approved for loans and other forms of financing from banks and financial institutions.
- Improved ease of doing business: The Registration portal is a one-stop shop for MSMEs to register themselves and avail of government benefits and schemes. This makes it easier for MSMEs to do business and operate efficiently.
How to Register for Udyam
To register for Udyam, follow these steps:
- Visit the Registration portal
- Click on the option For new entrepreneurs who are not registered yet as MSME or those with EM-II
- Enter your Aadhaar number and name, and then click on the ‘Validate & Generate OTP’ button
- Enter the OTP received on your mobile number and click on the ‘Login’ button
- Fill in the required details in the registration form, such as enterprise name, address, type of enterprise, and investment and turnover
- Review the details and submit the form
- You will receive a Udyam Registration Number (URN) and an e-certificate on successful registration.
Who Can Register for Udyam?
Any person who intends to establish a micro, small or medium enterprise may file Registration online in the Registration portal. There is no minimum investment or turnover required to register as a Udyam
Documents Required for Udyam Registration
No documents are required to be uploaded for Registration. Only an Aadhaar number is required for registration. PAN and GST-linked details on investment and turnover of enterprises will be taken automatically from Government databases.
Validity of Udyam Registration
Udyam Registration is valid for a lifetime. There is no need to renew the registration.
How to Update Udyam Registration
You can update your Registration details at any time by logging into the Registration portal and making the necessary changes.
Conclusion
Registration is a simple and easy process that offers many benefits to MSMEs. If you are an MSME owner, get in touch with our Vakilsearch expert today!
FAQs
What is Udyam Registration?
Registration is the process of registering a Micro, Small and Medium Enterprise (MSME) in India. It is a simple and online process that can be completed in a few minutes.
Who can register for Udyam?
Any person who intends to establish a micro, small or medium enterprise may file Registration online in the Registration portal. There is no minimum investment or turnover required to register as a Udyam.
What are the documents required for Udyam Registration?
The only document required for Registration is your Aadhaar number. There is no need to upload any other documents or proofs.
How to register for Udyam?
To register for Udyam, follow these steps: 1. Visit the Registration portal.
2. On the homepage, click the option 'For new entrepreneurs who are not registered yet as MSME or those with EM-II.'
3. Enter your Aadhaar number and name, and click the 'Validate & Generate OTP' button.
4. Enter the OTP received on your mobile number and click the 'Validate' button.
5. Fill in the Registration form with the required details.
6. Review the form and click the 'Submit' button.
What are the benefits of Udyam Registration?
There are many benefits to registering your MSME as an Udyam, including: 1. Access to government schemes and subsidies
2. Easier access to loans and credit
3. Priority in government tenders
4. Reduced tax rates on certain goods and services
5. Enhanced visibility and credibility in the marketplace
