UDYAM Registration in Haryana

UDYAM Registration in Haryana - An Overview

The UDYAM registration in Haryana has played a pivotal role in fostering the growth of the MSME sector in the state. By simplifying the registration process, it has made it more accessible and efficient for Micro, Small, and Medium Enterprises (MSMEs) in the state. This has not only encouraged more entrepreneurs to formalise their businesses but has also enabled them to tap into the benefits and financial support offered by the government, thereby contributing significantly to the development of the MSME sector in Haryana.

Haryana's MSME sector, buoyed by UDYAM registration, has become a key driver of economic growth and job creation in the state. The simplified registration process empowers local businesses, granting them access to credit and government incentives. As a result, the MSMEs in Haryana have been able to thrive and expand, making a substantial impact on the state's overall economic development and prosperity.

Benefits of UDYAM Registration in Haryana

• 50% Subsidy on Patent Registration

  This subsidy encourages MSMEs to invest in research and development, fostering innovation and protecting intellectual property. It reduces the financial barrier for businesses looking to patent their ideas and processes, promoting competitiveness.

• Overdraft Interest Fee Discount

  The interest rate discount on overdrafts can significantly reduce the cost of borrowing for MSMEs, improving their financial stability. It incentivises businesses to maintain healthy banking relationships and manage their finances efficiently.

• Subsidies on Electricity Bills

  Electricity bill subsidies reduce operational costs for manufacturing MSMEs, contributing to cost-effective production. They support sustainability initiatives by incentivizing energy-efficient practices.

• Free ISO Certification

  Access to free ISO certification reduces the financial burden of quality compliance, enhancing product and service standards. It boosts the competitiveness of MSMEs by allowing them to meet international quality standards.

• Boost in Government Tenders

  Access to government tenders through the Udyam Registration Portal opens new revenue streams and business opportunities for MSMEs. It streamlines the bidding process and enhances visibility in the government procurement sector.

Documents Required for UDYAM Registration in Haryana

• Aadhar card of the applicant
• Business address proof
• Partnership deed (if applicable)
• Memorandum of Association (MOA)
• Articles of Association (AOA) for companies
• Business PAN Card
• Bank account details
• Previous MSME registration certificate (if any)
• Purchase and sale bills of business items.

Eligibility for UDYAM Registration in Haryana

Any business falling under the Micro, Small, or Medium (MSME) category and seeking MSME registration must obtain an Udyam Registration Certificate. According to the Micro, Small and Medium Enterprises Development Act, 2006 a business qualifies as an MSME if its investment and turnover fall within specific limits:

• Micro enterprises have investments less than ₹1 Crore and turnovers less than ₹5 Crores
• Small enterprises have investments less than ₹10 Crores and turnovers less than ₹50 Crores
• Medium enterprises have investments less than ₹50 Crores and turnovers less than ₹250 Crores
• Sole proprietorships, partnerships, LLPs, and private limited companies can apply
• Both manufacturing and service sector businesses are eligible
• Aadhar card is required for individual proprietors and partners
• The business should not have defaulted on government loans or payments
• Necessary documents, like PAN and GSTIN, need to be provided
• The business must operate within Haryana.

Checklist for UDYAM Registration in Haryana

• Determine your business type, such as sole proprietorship, partnership, LLP, or private limited company
• Ensure your business falls within the specified investment limits for micro, small, or medium enterprises
• Have the Aadhar card of the proprietor or partners ready for verification
• Gather necessary documents, including PAN, GSTIN, and business address proof
• Confirm that your business operates within Haryana
• Be aware of the turnover limit corresponding to your enterprise category
• Ensure no government loan or payment defaults
• Be prepared to self-certify the accuracy of your information
• Submit your application with all required details for UDYAM registration in Haryana.

Process of UDYAM Registration in Haryana

• Step 1: Avail Online Expert Consultation

  We provide businesses with access to easy UDYAM registration in Haryana. Book a slot with our experts and resolve all your queries. We'll guide you through the process of gathering essential information about your business.

• Step 2: Document Collection and Verification

  Provide details including your business name, type, location, and ownership particulars. Additionally, we may request specific documents such as your Aadhar card, PAN card, and any relevant business documents like GST registration, if applicable.

• Step 3: Application Submission

  We'll meticulously review the documents and information you've provided. If everything is in order, we'll proceed to submit the application to the relevant authorities in Haryana responsible for UDYAM registration on your behalf.

• Step 4: MSME Registration

  Once the application is reviewed by the authorities they will provide you with the UDYAM registration certificate.

Why Vakilsearch

Vakilsearch offers speedy UDYAM registration in Haryana. Opt for a streamlined process through Vakilsearch. Our dedicated team specialises in simplifying every step, providing expert guidance. With Vakilsearch, you're not just registering; you're paving the way for your business to flourish in Haryana. We eliminate complexity from UDYAM registration, letting you focus on business growth with confidence. Trust us to simplify your path to success.