AS PREVIOUSLY ANNOUNCED, THE MINISTRY OF MICRO, SMALL, AND MEDIUM ENTERPRISES RELEASED A STATEMENT ON JUNE 26, 2020, INTRODUCING THE UDYAM REGISTRATION PROCESS. THIS PROCESS, ALSO KNOWN AS MSME REGISTRATION, IS A GOVERNMENT-ISSUED REGISTRATION THAT PROVIDES A CERTIFICATE OF RECOGNITION AND A UNIQUE 19-DIGIT UDYAM REGISTRATION NUMBER TO SMALL AND MEDIUM-SIZED BUSINESSES OR ORGANIZATIONS. TO OBTAIN THIS REGISTRATION, THE ENTITY'S OWNER, DIRECTOR, OR PROPRIETOR MUST PROVIDE THEIR 12-DIGIT AADHAR NUMBER.
MSME Registration Online Udyam Portal in India
THIS FORM ONLY APPLIES TO BUSINESSES THAT HAVE NEVER REGISTERED UNDER UDYAM WITH THEIR AADHAAR NUMBER. SAVE YOUR TIME AND EFFORT WITH OUR SEAMLESS ONLINE PROCESS, AND REGISTER YOUR BUSINESSES THROUGH OUR PORTAL.
Udyam Registration Form
Read the Instruction to Fill Udyam Registration Form
Types of Businesses (Manufacturing and Service Industries, Both)
1. Micro Enterprises :- These businesses require a minimum capital investment ranging up to Rs 1 crore while yielding a maximum turnover of up to Rs 5 crore.
2. Small Enterprises :- : These businesses require a minimum capital investment ranging up to Rs 10 crore and generate a maximum turnover of up to Rs 50 crore.
3. Medium sized Enterprises :- These businesses require a minimum capital investment ranging up to Rs 50 crore and generate a maximum revenue of Rs 250 crore.
To register under the Udyam registration scheme, you must follow a simple, completely online process based on
• Self-declaration, which does not require any physical documentation or proof.
• All you need is your Adhaar Number and a mobile number for OTP Verification, and you're good to go.
• The government has made the process hassle-free and efficient by automatically retrieving information related to PAN and GST from their databases during registration. This includes details on the investment and turnover of businesses, which are essential for the registration process.
• So, if you're looking to register your business under Udyam, you can rest assured that the process is simple, secure, and easy to follow. Just provide your Adhaar Number and a mobile number, and let us take care of the rest!
• From April 1, 2021, having a PAN and a GST number is required.
Benefits of Obtaining a Udyam Registration Certificate for Your Business
Here are some advantages of Udyam Registration:-
1. Getting government contracts becomes easier with Udyam registration.
2. Bank loans become cheaper because of Udyam, with interest rates up to 1.5 percent lower than conventional loans.
3. Udyam is eligible for various tax benefits.
4. Obtaining licenses, approvals, and registrations becomes easier, regardless of the industry.
5. Enterprises registered under Udyam are prioritized for government licenses and certifications.
6. Registering with Udyam helps lower the cost of obtaining a patent or starting a business.
Udyam Apply Process
To obtain your MSME Udyam certificate, you need to follow these steps:
Step 1 : Fill out all the required fields in the application form.
Step 2 : After completing the form, pay a consultancy fee to begin the Udyam process.
Step 3 : Once the payment process is completed, you will receive your Udyam Registration certificate in your registered email address within 1 to 2 hours.
Udyam Services We Offer
1. Udyam Registration for Proprietorship :- A Proprietorship is a single person owned, unincorporated business that that person runs. It is the simplest structure of the organization. It is not a formal entity, and the person who owns and runs the business is personally responsible for the debt of the business they control. However, similar to a company, it has its legal identity and offers limited liability protection.
2. Udyam Registration for Partnership Firm :- A partnership firm is founded by two or more individuals to operate a profitable business. This type of company operates under the Indian Partnership Act of 1932. A partnership firm has an agreement among partners to share profit percentage. Each member is referred to as a partner.
3. Udyam Registration for Private Limited Company :- A Private Limited Company (PLC) is a business owned by several individuals. It is owned by a group known as shareholders and registered for particular purposes. Startups and organizations with higher growth expectations frequently select private corporations as an ideal company structure.
4. Udyam Registration for Public Limited Company :- If a firm has a limited number of its own shares and has sold shares to the general public, it has the legal status of a public limited company. A PLC's company share or stock is made available to the general public and can be purchased by anybody through stock exchange exchanges or privately during the process of an IPO. Publicly traded enterprises are sometimes referred to as public limited corporations.
A- The Micro, Small, and Medium Enterprises (MSME) sector has become a highly dynamic and vibrant Indian economy over the last five decades. It plays an important role in the country's economic and social development by promoting entrepreneurship and creating more employment opportunities at lower capital costs than agriculture. MSME can work alongside large industries as ancillary units, and this sector contributes greatly to the all-inclusive industrial development of the nation. MSME are expanding their influence across various sectors of the economy to meet the demands of domestic and global markets.
MSME aims to foster a thriving MSME sector by promoting its growth and development along with Khadi, Village, and Coir Industries. It collaborates closely with concerned Ministries/Departments, State Governments, and other stakeholders. The Ministry supports existing enterprises, encourages the creation of new enterprises, and promotes the adoption of cutting-edge technologies.
By the provision of the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006, the Micro, Small, and Medium Enterprises (MSME) are classified as below:
• A micro-enterprise is defined as a business with plant and machinery or equipment investment not exceeding one crore rupees and a turnover not exceeding five crore rupees.
• A small business is considered a micro-enterprise if its investment in plant, machinery, or equipment is less than ten crore rupees and its turnover is less than fifty crore rupees. and
• A medium enterprise is a limited investment in plant and machinery or equipment, up to 50 crore rupees, and a maximum turnover of 250 crore rupees.
A new classification for MSME occurred on 1st July 2020. The previous criteria for classification under the MSMED Act, 2006 was based on the amount invested in plant and machinery/equipment, and it differed for manufacturing and service units. However, the financial limits were very low. The economy has undergone significant changes since then. To be more realistic with time and establish an objective system of classification that provides ease of doing business, a revision in the MSME criteria of classification was announced under the Aatma Nirbhar Bharat package on 13th May 2020.
A new composite classification was introduced for manufacturing and service units on 26.06.2020 to assist present and future entrepreneurs. The new classification system eliminates the difference between manufacturing and service sectors. Additionally, a new turnover criterion has been added to the previous classification system, which was based only on investment in plant and machinery. The new criteria are expected to provide numerous benefits that will help MSME grow in size. Furthermore, It has been decided that export turnover will not be considered towards the turnover limit for any MSME unit, whether micro, small, or medium. This is another step towards making business easier. It will help attract investments and create more jobs in the MSME sector. The change in the classification criteria is expected to substantially relieve the exporters.
Office of the Development Commissioner (O/o DC-MSME) supports MSME in formalizing their businesses and gaining access to knowledge services, skilled workforce, technology, and marketing, improving their competitiveness and reducing imports. The primary services provided by the DC (MSME) office are:
1. Our role is to provide advice in policy formulation to promote and develop MSME.
2. We disseminate schemes of the Ministry of MSME through our network of field offices to ensure that our clients are aware of all available opportunities.
3. We offer techno-economic and managerial consultancy, common facilities, and extension services to MSME to help them succeed.
4. Our facilities focus on technology upgradation, modernization, quality improvement, and infrastructure development to help our clients stay competitive.
5. We also offer training and skill upgrade programs to help develop our clients' human resources
6. Facilitating cluster development as a vehicle for MSME Ecosystem development.
7. Providing economic information services.
8. Maintaining a close liaison with the Central Ministries, NITI Aayog, State Governments, Financial Institutions, and other Organisations concerned with developing MSME.
9. Evolving and coordinating Policies and Programmes for developing the MSME as ancillaries to large industries, including CPSUs.
10. Enhancing trade competitiveness to ensure an increase in the share of the export basket.
11. Increasing access to credit.
Micro, Small & Medium Enterprises (MSME) have contributed significantly to expanding entrepreneurial endeavors through their business innovations. Enterprises are diversifying their products and services to meet domestic and global demands. MSME play a crucial role in India by providing large employment opportunities at a relatively lower capital cost than large industries. They also contribute to the industrialization of rural and backward areas, reducing regional imbalances and ensuring a more equitable national income and wealth distribution.
- In the wake of the COVID-19 pandemic, the Hon'ble Prime Minister quickly recognized the important role of MSME in building the nation. As a result, MSME were a major focus of the announcements made under the Aatma Nirbhar Bharat Abhiyaan. The MSME sector has been given a substantial allocation and priority in implementing measures to revive the economy. Various announcements have been made under the package to provide immediate relief to MSME. MSME is focusing on all aspects to empower MSME in the country, in line with the government's top priority. In addition to the existing credit-related schemes and other announcements, the Aatma Nirbhar Bharat Package has introduced two announcements to provide better access to finance for MSME.
The Self-Reliant India Fund (SRI Fund) aims to provide equity and capital to Micro, Small, and Medium Enterprises (MSME) that persistently struggle to obtain it.It is important to identify sources of capital that can create a multiplier effect on the economy, thus enabling MSME to become more competitive in the global marketplace.
The Government of India has announced a fund of INR 10,000 crore for MSME under the AatmaNirbhar Bharat Package. This Fund, called the Self-Reliant India (SRI) Fund, aims to encourage Venture Capital (VC) / Private Equity (PE) firms to invest in the MSME sector, thereby addressing the equity funding challenges faced by MSME and enabling them to grow and become global champions. With Government intervention, the Fund will channel diverse funds into under-served MSME and address the growth needs of viable and high-growth MSME. The Self-Reliant India Fund (SRI Fund) aims to provide equity and capital to Micro, Small, and Medium Enterprises (MSME) that struggle to obtain funding. It aims to create a multiplier effect on the economy by enabling MSME to become more competitive globally.
During the Udyami Bharat Programme, the Hon'ble Prime Minister highlighted the significance of the MSME sector in India's economy, accounting for almost one-third of it. He emphasized that the government is committed to providing maximum support to MSME and has released an SRI Fund of 50 thousand crore rupees for the sector. Furthermore, the Prime Minister urged MSME to register on the GeM portal to supply goods to the government.
its very benefacial and helpful for new MSME like us. Thanks for packege
- Bedanta Kalita
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