With effect from 1st July 2020, MSME/ Udyog Aadhaar Registration will now be called as Udyam Registration
The government has introduced the new Udyam Registration to replace the older MSME and Udyog Aadhar registrations from July 1, 2020 onwards. Organizations which are engaged either in manufacturing or production or processing or preservation of Goods OR in the providing or rendering of services are eligible for registration under the new Udyam Registration. In other words, the enterprises which are engaging only in trading i.e. buying, selling importing, exporting of Goods are not eligible for applying for Udyam Registration.
The applicability of the Udyam registration is for Micro, small and medium sized organizations. The categorization is summarized below:
Investment up to ₹ 1 Cr AND Turnover up to ₹ 5 Cr
Investment up to ₹ 10 Cr AND Turnover up to ₹ 50 Cr
Investment up to ₹ 50 Cr AND Turnover up to ₹ 250 Cr
All establishments/ organizations currently registered under EM-Part II (Entrepreneurs Memorandum) or UAM (Udyog Aadhar Memorandum Portal) need to get them re-registered on Udyam Registration Portal w.e.f. July 1, 2020 to avail the various benefits offered.
Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online. The application is based on self-declaration with no requirement to upload documents, papers, certificates or proof. However, the registering person needs to provide certain details regarding the business like investment value, nature of business among others.
On registration, an enterprise will be assigned a permanent identity number to be known as “Udyam Registration Number”. An e-certificate, namely, “Udyam Registration Certificate” shall be issued on completion of the registration process. Aadhar Number is required to initiate the registration process as below:
Complete our MSME Form/SSI Form
Preparations of Documents
Filling MSME/SSI Application
Complete
No documents are required to be uploaded on the Govt. portal as part of the registration process. However, an enterprise will be required to provide the following details for Udyam Registration application. The details required shall be as below:
Some of the benefits available post registrations under Udyam aresummarized below. Apart from those listed below, there are many other benefits provided by the different govt. bodies for specific industries.
With the recent thrust on development of MSMEs by Govt of India, registration under Udyam has become very important. The primary reason is the ability to avail the benefits being provided by the Govt.
A.After filing of online application for Udyam Registration, you will get your Udyam Registration Certificate on your email in 7-30days.
A.Upon receiving all your information and application, our executives will call and email you to confirm your information. You will be further requested to provide OTPs sent on the Mobile number linked to your Aadhar. Upon successful verification of your Aadhar, your Udyam Registration Application will be filed.
A.Udyam Certificate is an e-certificate and the Govt. does not issue any physical copy of the certificate. The online certificate sent to you on your Email is valid everywhere.
A.SSI, MSME and Udyog Aadhar were earlier names of Udyam Registration. These have been discontinued and are now replaced by Udyam Registration.
A.Applications do not get rejected. The information you provide is considered true to your knowledge and the same is recorded on your Udyam Registration Certificate.
A.You need to make sure that your Aadhar card is validated. If not, you will need to get the same validated from your nearest UIDAI (Aadhar) center. We are not responsible if your Aadhar card is not validated and results in your Udyam not being generated.
A.In case you do not have a bank account opened for your Firm/ Organization/ Company, you may enter the personal bank account details of the Proprietor or any of the Partner/Director of the Firm/Company.
A.Any person who intends to establish a micro, small, medium enterprise may file online Udyam Registration.
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