MSME Registration or UDYAM


Price : 5,000.00

Obtain UDYAM for availing Benefits under MSME ACT


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MSME stands for Micro, Small and Medium Enterprises. In a developing country like India, MSME industries are the backbone of the economy. The MSMEs are key contributors to the socio-economic development of the country. And the cover almost 90% of industrial units, 45% of exports and 40% of employment. Opting for MSME registration is not a statutory mandate; however, it is advisable to obtain the benefits of the Micro, Small and Medium Enterprises Act. Enterprises registered under MSMEs are eligible for various benefits from the Government of India, Reserve Bank of India (RBI). And it is governed by Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) in India under the Ministry of Micro, Small and Medium Enterprises.

 

Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, based on self-declaration with no requirement to upload documents, papers, certificates or proof. Micro, small or medium businesses registered under MSMEs are eligible for various benefits from the Government, Banking etc. This includes government tenders, subsidies, incentives, credit facilities from banks, and protection against delayed payments by buyers of goods/services. The process for MSME Registration is a quick and hassle-free for businesses to get registered as MSMEs under Ministry of Micro, Small and Medium Enterprises.

PAN Card

Self attested PAN Card issued by I.T. Department

Aadhar Card

Self attested Aadhar Card issued by UIDAI

Id Proof

Self attested id proof (Voter ID/DL/Passport)

Address Proof

One month Bank statement/ telephone bill

Photographs

A latest passport-size colour photographs

Utility Bill

Latest electricity bill with NOC/ Rent Agreement

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Eligibility for MSME Registration

The MSMEs are categorized in manufacturing and service sectors. These two sectors have been further classified based on the investment. The classification has recently been reset based on investment and annual turnover to create a greater scope of growth for the MSMEs. Below is the reset classification of the micro, small and medium enterprises.

Criteria

Micro Enterprises

Small enterprises

Medium Enterprises

Investment

Less than ₹ 1 Cr

Less than ₹ 10 Cr

Less than ₹ 50 Cr

Annual turnover

Less than ₹ 5 Cr

Less than ₹ 50 Cr

Less than ₹ 250 Cr

Benefits of MSME Registration

  • Collateral Free loans from banks
  • 50% Subsidy for Patent Registration
  • Industrial Promotion Subsidy Eligibility
  • Protection against Delayed Payments
  • Tender Preference to MSMEs Sector
  • Excise Exemption Scheme
  • Reduction in rate of Interest from Bank
  • Reservation Policy for MSME's Sectors

Documents required

PAN Card

Self attested PAN Card issued by I.T. Department

Aadhar Card

Self attested Aadhar Card issued by UIDAI

Id Proof

Self attested id proof (Voter ID/DL/Passport)

Address Proof

One month Bank statement/ telephone bill

Photographs

A latest passport-size colour photographs

Utility Bill

Latest electricity bill with NOC/ Rent Agreement

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