UDYAM REGISTRATION
Udyam Registration, alternatively recognized as MSME Registration, is the updated approach introduced by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020, for enrolling Micro, Small, and Medium Enterprises (MSMEs). Alongside this initiative, the Ministry also updated the classification criteria for MSMEs. Under this framework, an enterprise is termed 'Udyam,' and the corresponding registration process is known as 'Udyam Registration.' Upon successful registration, businesses receive a permanent registration number along with a recognition certificate.
Who can apply for Udyam Registration?
Udyam Registration welcomes a diverse array of entities and individuals aiming to establish micro, small, or medium-sized enterprises (MSMEs) in India.
Documents Required For Udyam Registration
In the Online Udyam Registration process, it's important to highlight that the application primarily relies on self-declaration, eliminating the need for uploading additional documents. Applicants are only required to provide their 12-digit Aadhaar Number, PAN (Permanent Account Number), and Bank Account details of the business to efficiently complete the registration process.
Aadhar Card
PAN card
Importance of Udyam Registration
Acquiring Udyam Registration streamlines the process, eliminating the paperwork hassle. The advantages of obtaining Udyam Registration for your business include:
Priority in Government Tender Procurement.
Access to Bank Loans without Collateral or Mortgage.
Eligibility for Various Tax Rebates.
Priority Consideration for Government Licensing and Certification.
Tariff Subsidies, Tax, and Capital Subsidies for Registered Udyam Enterprises.
Discounts on Electricity Bills.
Protection Against Delayed Payments from Buyers.
Tax Rebates.
Expedited Dispute Resolution.
Start Udyam Registration
