Udyam is the registration of a business under MSME (Micro Small Medium Enterprises). www.udyamregistration.gov.in is the official portal to register a new MSME or to re-register already registered EM – II (Entrepreneurs Memorandum Part – II) or UAM (UdyogAadhaar Memorandum). The Ministry of Micro Small Medium Enterprises maintains this portal.
An enterprise whose investment in Plant, Machinery and Equipments does not exceeds One Crore and turnover does not exceeds Five Crores is a Micro Enterprise.
The Credit Guarantee Fund Scheme (CGS) for Micro and Small Enterprises was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sectors. This initiative guarantees funds to micro and small sector enterprises. Under this scheme, both the old as well as the new enterprises can claim the benefits.
Under the MSME registration benefits, a buyer is expected to make a payment for the goods/services within 15 days of the purchase. If the buyer delays, the payment for more than 45 days, the enterprise is eligible to charge compound interest which is 3 times the rate notified by RBI.
Businesses or enterprises registered as MSME/SSI under the MSME Act are eligible to avail a benefit of 1% on the overdraft as part of the Credit Guarantee Trust Fund Scheme although this may vary from bank to bank.
Business enterprises registered under the MSME Act are given a hefty subsidy of 50 per cent for patent registration. This can be availed by sending an application to the respective ministry.
A business with Udyam Registration can avail concession on electricity bills. Registered MSME have to submit the bill along with the application and copy of registered Certificate.
Registered MSME‘s can claim the expenses for reimbursement that were spent on ISO certification.
Registered MSME‘s can get Government tenders easily
Registered MSME‘s get exemptions under direct tax laws
Eligibility for Udyam (MSME) registration is depending on the scale of business of the enterprise. Udyam registration is applicable for Proprietorship, One Person Company, Partnership Firm, Private Limited Company, Public Limited Company, Producer Company, Limited Liability Partnerships, Co-operative Societies, Hindu Undivided Families (HUF) or any association of Persons or any other undertakings, which are eligible for counted under Micro, Small and Medium Enterprises.
An enterprise whose investment in Plant, Machinery and Equipments does not exceeds One Crore and turnover does not exceeds Five Crores is a Micro Enterprise.
An enterprise whose investment in Plant, Machinery and Equipments does not exceed Ten Crores and turnover does not exceed Fifty Crores is a Small Enterprise.
An enterprise whose investment in Plant, Machinery and Equipment does not exceed Fifty Crores, and turnover does not exceed Two Hundred and Fifty Crores is Medium Enterprise.
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Udyam Registration, also known as MSME Registration, is a government registration for micro, small, and medium-sized enterprises in India. It provides them with a unique identity number and access to various benefits.
Udyam registration is not mandatory, but it is highly recommended to avail the benefits offered by the government under the MSME scheme.
Any enterprise that falls under the category of micro, small, or medium enterprise, based on its investment and turnover, can apply for Udyam registration.
Udyam registration is valid for a lifetime and does not require any renewal.
Yes, you can update the information provided at the time of registration by visiting the official Udyam registration portal.
