Explore all the details you need about Udyam Registration, tailored for your needs.
Udyam Registration is an initiative by the Government of India to support the growth of MSMEs. It offers formal recognition, benefits, and government schemes designed to streamline operations for small and medium-sized enterprises.
Udyam Registration, previously known as Udyog Aadhar Registration, was introduced by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. This updated process simplifies the registration for MSMEs, ensuring they can access various government benefits.
SoloCorp is your trusted partner in navigating the Udyam registration process. Our expert team ensures a seamless experience in obtaining the Udyam Certificate and Registration Number for your business, allowing you to focus on growth while we handle the formalities.
Udyam Registration is an official process initiated by the Ministry of Micro, Small, and Medium Enterprises (MSMEs), Government of India, for the formal registration of micro, small, and medium enterprises (MSMEs). Introduced on July 1, 2020, it replaced the earlier Udyog Aadhar Memorandum (UAM) system.
The Udyog Aadhar/Udyam registration is designed to classify enterprises based on their investment and turnover. As per the new classification metrics, all Micro, Small, and Medium Enterprises (MSMEs) in India are collectively known as MSME.
Entrepreneurs can apply for MSME Udyam Registration online, and upon successful completion, the enterprise is assigned a permanent Udyam Registration Number and receives an e-certificate known as the Udyam Registration Certificate.
This online, self-declaration-based process aims to streamline access to government benefits.
Registered Udyam enterprises receive preferential treatment in government procurement processes, enhancing their chances of securing contracts.
Udyam Registration, along with the Udyam registration certificate, facilitates access to bank loans without the need for collateral or mortgage, making it easier for MSMEs to secure financing.
Udyam Aadhaar Registered businesses are eligible for a 1% interest rate exemption on bank overdrafts (OD), reducing their borrowing costs.
Udyam enterprises can benefit from various tax rebates, providing significant tax savings.
Udyam Aadhaar Registration offers priority consideration for obtaining government licenses and certifications, streamlining business operations.
Registered MSMEs with MSME Udyam certificate are eligible for tariff subsidies as well as tax and capital subsidies, lowering their operational costs.
Udyam enterprises receive discounts on electricity bills, reducing their utility expenses.
Udyam Registration offers protection against delayed payments from buyers, ensuring better cash flow management.
Registered businesses can avail of a 50% discount on government fees for filing trademarks and patents, making intellectual property protection more affordable.
Udyam enterprises benefit from faster resolution of disputes, minimizing business interruptions and legal costs.
Any individual who intends to establish a micro, small, or medium enterprise can file for Udyog Aadhar/Udyam Registration online through the Udyam Registration portal.
Individual entrepreneurs can apply under this category.
Family-based businesses can apply under this category.
Partnership firms can apply for Udyam Registration.
Single-owner companies that are registered as OPC can apply.
Private companies registered under the Companies Act.
Public companies registered under the Companies Act.
Producer companies can also apply for Udyam Registration.
LLPs can apply for Udyam Registration.
Associations formed for business purposes can apply.
Co-operatives can apply for Udyam Registration.
No enterprise is permitted to file more than one Udyam Registration and MSME/Udyam Certificate. However, a single Udyam Registration can encompass multiple activities, including manufacturing, services, or both, ensuring comprehensive coverage under one registration.
To be eligible for Udyam registration and get Udyam registration certificate, your business must fall under the category of a Micro, Small, or Medium Enterprise based on specific investment and turnover thresholds as outlined below:
Businesses meeting these criteria can apply for Udyam Registration to avail of various benefits provided under the MSME schemes.
| Enterprise Type | Investment Criteria | Annual Turnover Criteria |
|---|---|---|
| Micro Enterprise | Up to Rs. 1 crore | Not exceeding Rs. 5 crore |
| Small Enterprise | Up to Rs. 10 crore | Not exceeding Rs. 50 crore |
| Medium Enterprise | Up to Rs. 50 crore | Not exceeding Rs. 250 crore |
While applying for Udyam Registration is voluntary and not compulsory for entrepreneurs, it is highly recommended for most businesses to register shortly after their establishment.
This early registration allows businesses to take full advantage of the various government benefits available to MSMEs.
When it comes to the documents required for the Online Udyam Registration process, it is worth noting that the application is primarily based on self-declaration. As such, uploading any additional documents during the registration procedure is unnecessary. Applicants must only provide their 12-digit Aadhaar Number, PAN (Permanent Account Number), and Bank Account details of the business to complete the registration process efficiently.
The Udyam Registration Certificate is valid for a lifetime and does not require renewal, provided the enterprise continues to meet the classification criteria for MSMEs.
Udyam Registration for MSMEs is entirely free of charge and conducted online. There are no fees required for registration under the Udyam portal.
Though the process may seem lengthy, our team at Solocorp can simplify it, ensuring you get your Udyam Certificate with ease and minimal effort, making the experience hassle-free.
Streamlined process for quick and hassle-free Udyam Registration.
We handle the complexities, ensuring accurate registration without confusion.
Experts take care of validating details and submitting your application.
Receive your Udyam certificate and access government benefits for your MSME.
Submit basic business information to begin the registration process.
We verify the necessary details and submit the application on your behalf.
Once the process is complete, you will receive your Udyam Certificate.