As per the notification issued by the ministry of micro small-medium enterprises on 1st June 2020, MSMEs will now be known as Udyam. And the registration process for an organization as an Udyam will be called Udyam Enrollment Registration. Government Udyam Registration portal is a self-declaration basis portal without adding or uploading any document/ certificate/ paper.
Any person who intends to establish micro, small, or medium businesses will have to file for Udyam registration in the online Udyam Registration Portals. The business will subsequently be issued an Udyam Registration Number and an e-certificate namely, ‘Udyam Registration Certificate’. As per the notification of the ministry of the msme, all the existing Indian companies and enterprises shall file and register as Udyam on or before 31st Mar 2021. The old Udyog Aadhaar Memorandum can be upgraded to Udyam registration by verifying/seeding the PAN.
The new notification issued by the Indian Government says that from July 01, 2020, an MSME (Micro Small and Medium Enterprises) will be known as Udyam, and the enrolment or the registration process will be known Udyam Registration.
With a new Udyam registration certificate, the government of India validates the existence of the business. And all the business associated with the Udyam can avail numerous benefits derived from the various relief schemes offered by the Ministry of MSME for the protection and growth of small businesses in India.
As per the Government of India MSME notification, there will be no fees or application costs for the filling of Udyam Registration. Only Aadhaar number, GST, PAN (Self-declaration) shall be required for Udyam Registration.
There are numerous benefits of registering and getting Udyam certificate for your business, here we have mention 16 benefits of Udyam registration.
These benefits are listed out as per the schemes offered by the Ministry of MSME for the development of micro small and medium business enterprises in India. The same benefits can also be availed by the Udyam registration certificate holder and prove to be advantageous for them.
* Interest rate Subsidy on Bank loans
* Collateral free loans from banks
* Protection against delayed payments, against material/services supplied
* Special beneficial reservation policies in the manufacturing/ production sector
* Ease of obtaining registrations, licenses, and approvals.
* MSME Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
* International trade fair special consideration
* Government security deposit (EMD) waiver (Useful while participating tenders)
* Electricity bills concession
* Stamp duty and registration fees waiver
* ISO certification fees reimbursement
* Direct tax laws rules exemption
* NSIC performance and credit rating fees subsidy
* Patent registration subsidy
* Barcode registration subsidy
* Industrial Promotion Subsidy (IPS) Subsidy Eligibility
Each kind of business element is qualified to acquire the Udyam registration certificate.
Turnover & Investment in plant and machinery or equipment the following criteria is declared by the Ministry of MSME.
Microenterprise units : Enterprise with investment up to Rs 1 crore with a turnover of less than 5 crores will now be called small enterprise units.
Small enterprise units : Enterprise with investment up to Rs 10 crore with a turnover of less than 50 crores will now be called small enterprise units.
Medium enterprise units : Enterprises with investments up to Rs 50 crore with a turnover of less than Rs 250 crore will now be called Medium units.
|Micro||Not more than 5 Cr.||Not more than 1 Cr.|
|Small||Not more than 50 Cr.||Not more than 10 Cr.|
|Medium||Not more than 250 Cr.||Not more than 50 Cr.|
Udyam Registration Process on MSMEregistrar
MSMEregistrar makes the process for registration very simple and user-friendly. The registration process is a simple 5-Step process as follows:
Step 1: Visit Udyam Registration portal
Step 2: Fill all the details on Udyam Registration Form, like aadhaar number, name, and address
Step 3: Make the online payment for your Udyam Registration Application
Step 4: One of our registration experts will process your Udyam Registration application
Step 5: In 1-2 hours you will receive your Udyam Registration e-certificate in your registered e-mail address. As you can see the numerous benefits of getting a Udyam registration for your business. The online registration process is very simple its a paperless process with no uploading or submitting of documents required anymore.
INTERER CONGUELIT NON
They are very fast in getting work done. They resolved each and every query of ours. We were not aware of the export incentive they approached us and helped us to claim the incentives.
Our IGST refunds were pending due to some errors Dwarkadhish approached us and helped getting refund as soon as possible. Even We have not met in personal they are doing all our GST work.
Mr. Sai Kiran approached us and told about the incentive benefits we were not aware of and they tried to claim that as soon as possible.
IMPORTANT NOTICE FOR YOU