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Register Your Business Under Udyam Today!
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Overview
Udyam Registration is an initiative launched by the Government of India on 1 July 2020 to promote small and medium-sized enterprises (SMEs) in the country. The Udyam platform aims to simplify the registration process for micro, small, and medium enterprises (MSMEs) by providing a single-window system for registration, thereby enhancing ease of doing business. The classification of MSMEs under Udyam is based on investment in plant and machinery or equipment and annual turnover, which helps in defining the scale of the business and enables them to avail various benefits. Registered MSMEs can access numerous government schemes, financial assistance, and subsidies, which are crucial for their growth and sustainability. Additionally, Udyam registration (also known as MSME registration) enhances the credibility of the business, making it easier to secure loans and attract investors. Overall, Udyam Registration is a pivotal step towards creating a robust ecosystem for MSMEs, facilitating their development, and driving India's economic progress.
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Benefits
Access to Government Schemes MSMEs with Udyam Registration can avail of various government schemes, such as credit guarantee schemes and others designed to help them grow and sustain their businesses.
Financial Support: Udyam-registered businesses can access easier loans and credit facilities from banks and financial institutions, often at lower interest rates. Under MSME Registration India, bank loans become cheaper as the interest rate is very low, around 1-1.5%, much lower than interest on regular loans
Enhanced Credibility Having Udyam Registration increases the business's credibility, making it more attractive to potential clients, suppliers, and investors. MSMEs are allowed Minimum Alternate Tax (MAT) credit to be carried forward for 15 years instead of 10 years.
Skill Development Programs: Access to various skill development and training programs funded by the government, helping improve the skills of employees and enhance business operations.
Subsidized Rates for Patents and Trademarks: Udyam registration can provide financial assistance for obtaining patents, trademarks, and design registrations at reduced rates.
Networking Opportunities: Registration facilitates networking with other MSMEs, industry bodies, and associations, providing opportunities for collaboration and growth.
Support for Exporting: Udyam-registered MSMEs often receive support and guidance for exporting their products, including access to international markets.
Our Services
We consistently strive to deliver the utmost service to our valued customers
Udyam Registration application submission and Certificate Generation
Renewals and Updates of Udyam Registration
Udyam Registration Assistance
Compliance Advisory
Documents Required
Those are the important and mandatory documents are required to be uploaded online
Pan card
Email ID and Mobile number
Type of business
Aadhar Card
Aadhar Link mobile number
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Frequently Asked Questions
Udyam Registration is a government initiative in India that provides a simple, online process for micro, small, and medium enterprises (MSMEs) to register and avail themselves of various benefits and schemes.
Any micro, small, or medium enterprise that meets the criteria based on investment in plant and machinery or equipment and annual turnover can apply for Udyam Registration.
While it is not mandatory, it is highly recommended for MSMEs to obtain Udyam Registration to access the benefits provided by the government, including subsidies, credit facilities, and market support.
Yes. A partnership firm that fulfills the MSME classification’s investment and turnover criteria can apply for MSME registration.
As per the latest definition:
- Micro Enterprise: Investment ≤ Rs. 1 crore, Turnover ≤ Rs. 5 crore.
- Small Enterprise: Investment ≤ Rs. 10 crore, Turnover ≤ Rs. 50 crore.
Medium Enterprise: Investment ≤ Rs. 50 crore, Turnover ≤ Rs. 250 crore.
There is no expiry of the Udyam/MSME Registration Certificate. As long as the entity is ethical and financially healthy, there will be no expiry of the certificate.
GST registration is mandatory for certain businesses. Companies dealing with e-commerce operations or any other interstate activity and companies with turnover of more than Rs. 40 Lakhs are required to obtain the same.
To file form ADT-1 & INC-20A to the Registrar of Companies for the appointment of first Auditor within 30days and Commencement of Business within 180days from the date of incorporation. Late fine also levied for delay filing Rs 300 per month.
Yes, foreign nationals or entities can be partners in a Limited Liability Partnership (LLP) under certain conditions. However, it is important to comply with the specific regulations and requirements of the jurisdiction where the LLP is registered. Generally, foreign nationals or entities may need to fulfill additional documentation and legal procedures, such as obtaining necessary permits or visas, and complying with foreign investment laws. Additionally, the partnership agreement may need to address any specific restrictions or conditions related to foreign partners. Therefore, it is essential to consult with legal professionals familiar with the jurisdiction's laws and regulations regarding foreign participation in an LLP.