Udyam Registration for MSMEs

1. Udyam Registration for MSMEs What is Udyam Registration? Indian government launched Udyam Registration, a new online registration process in 2020 to simplify the process of registering micro, small, and medium-sized enterprises (MSMEs) in India. Udyam Registration provides easier access to credit, subsidies, and other government schemes to MSMEs. Previously, MSMEs were required to register themselves under the Micro, Small, and Medium Enterprises Development (MSMED) Act of 2006, which had a complicated registration process. The new Udyam Registration process goals to modernize and streamline the registration process for MSMEs, making it easier for them to access government schemes and benefits. Who can Register MSMEs under Udyam Registration? 1. Proprietorship firms 2. Partnership firms

2. 3. Limited liability partnerships 4. Private limited companies 5. Public Limited Company 6. Producer Companies 7. Hindu Undivided Family 8. One Person Companies Benefits of Udyam Registration for MSMEs Here are some of the key benefits that MSMEs can enjoy after registering themselves under Udyam Registration: 1. Easy access to credit: The Udyam Registration certificate can be used as proof of registration and creditworthiness. 2. Government subsidies: MSMEs that are registered under Udyam Registration can avail of various subsidies and schemes launched by the government for the promotion and development of the MSME sector. 3. Concessions on taxes and duties: Registered MSMEs can avail of various tax and duty concessions launched by the government for the promotion and development of the MSME sector. 4. Preference in government tenders: The government has set a target of reserving 25% of all government procurement for MSMEs, out of which 3% is reserved for women-owned MSMEs. 5. Ease in running business: Udyam Registration makes it easier to establish and run businesses. The registration process is free of cost and can be completed online through the official Udyam Registration portal. The process to Register Udyam Registration for MSMEs Here is a step-by-step guide to the MSME registration online:

3. 1. Visit the official Udyam Registration portal at https://udyamregistration.gov.in/ and click on the "For New Entrepreneurs who are not registered yet as MSME" button. 2. Enter your Aadhaar number and click on "Validate & Generate OTP". An OTP will be sent to your registered mobile number. 3. Enter the OTP and click on "Validate OTP" to proceed. 4. Next, fill in your personal and business details, including the name of the enterprise, type of organization, PAN number, and GSTIN number (if applicable). 5. Enter the details of the main business activity of your enterprise as per the National Industrial Classification (NIC) code. You can select up to two NIC codes that best describe your business. 6. Upload the necessary documents, including your Aadhaar card, PAN card, and other supporting documents as required. 7. Review the information entered in the form and make any necessary changes. Then, click on the "Submit" button. 8. Your application will be verified and processed by the authorities. Once approved, you will receive a unique Udyam Registration Number and an MSME license, which you can download from the portal. 9. You can also make any changes or updates to your registration details through the Udyam Registration portal as and when required. How to Check Udyam Registration Status If you want to check the status of your application to know whether it has been approved or not. Here's how you can check the Udyam Registration status: 1. Visit the official Udyam Registration portal 2. Click on the "Check Udyam Registration Status" button. 3. Enter your Udyam Registration Number and click on "Verify".

4. 4. If your registration has been approved, you will be able to view your registration details and download your Udyam Registration Certificate. 5. If your registration is still under review or has been rejected, you will receive a message indicating the same. 6. In case of any issues or discrepancies, you can contact the Udyam Registration Helpdesk for assistance. Alternatively, you can also check the status of your Udyam Registration application through the Udyam Registration Mobile App, which is available for download on the Google Play Store and Apple App Store. Conclusion: In conclusion, this article covered the Udyam Registration process a significant step towards simplifying the process of registering MSMEs in India. Also who can register and what is the registration process that is completely free and can be done online through the official Udyam Registration portal? Under Udyam Registration, MSMEs can not only enjoy various benefits but also establish and operate their businesses with ease. You get to know how to check the Udamy registration status online without any hassle.