MSME/Udyam Registration

MSME/Udyam Registration

MSME/Udyam Registration is a government initiative aimed at providing a legal and operational identity to micro, small, and medium enterprises (MSMEs) in India. Previously known as Udyog Aadhar, it was renamed Udyam Registration in 2020 to simplify the process and help businesses grow faster. The registration is entirely online and based on self-declaration. Businesses registered under this scheme are entitled to various benefits like easy access to loans, government tenders, protection against delayed payments, and more.

Eligibility Criteria for MSME/Udyam Registration

Businesses that meet the following criteria can apply for MSME/Udyam registration:

• Micro Enterprises: Investment in plant and machinery up to ₹1 crore and annual turnover not exceeding ₹5 crores.
• Small Enterprises: Investment in plant and machinery up to ₹10 crores and annual turnover not exceeding ₹50 crores.
• Medium Enterprises: Investment in plant and machinery up to ₹50 crores and annual turnover not exceeding ₹250 crores.

Documents Required for MSME Registration (Udhyog Aadhar)

• Applicant's Aadhaar Card (Director/Partners/Proprietor)

• Applicant's PAN Card (Director/Partners/Proprietor)

• Bank Account Details

• GST Number (Mandatory from 1-4-2021)

• Business Name

• Mobile Number and Email ID

• OTP Verification

• Investment Details (if applicable)

Benefits of Udyam/MSME Registration

MSME/Udyam registration provides businesses with several benefits that support growth and ease operational processes. It simplifies access to funding, government schemes, and cost-saving opportunities, enabling businesses to scale and thrive.