Can we have two Udyam registrations?

When the enterprises are different, i.e., established under other names and registered or incorporated separately, the enterprise proprietor can apply for MSME registration. However, an enterprise cannot file for more than one Udyam Registration. All the activities, including manufacturing or service, should be specified or added to one Udyam Registration. An entrepreneur can add additional actions to the Udyam Registration by clicking on the ‘Update Details’ option on the homepage.

Is the Aadhar card compulsory for Udyam Registration?

Yes. For obtaining Udyam registration, an Aadhaar card is compulsory. In case an applicant is other than the proprietor, the Aadhaar card of the partner and the director will be required.

Can I obtain more than one Registration on the same PAN?

No, one cannot take more than one Udyam Registration on the same PAN.

What are the uses of Udyam Registration?

MSME registration helps in getting government tenders Under bank loan, 15% import subsidy on fully automatic machinery It becomes easy to get licenses, approvals, and registrations, irrespective of the field of business Compensation of ISO certificate expenditure It helps in getting low-interest rates on loans Registered MSMEs get tariff subsidies and tax and capital subsidies Gets exemption under Direct Tax Laws Concession in electricity Bills Protection against payments (Delayed payments) MSME Samadhan Technology and quality up-gradation support to MSMEs

How long does it take to obtain Udyam Registration?

The processing is dependent on the submission of the documents by the client.

Are there any chances of rejection of Udyam?

The application will be approved based on the information provided by the applicant. The documents and details should be up to date to avoid any chances of rejection.

Is Registration of MSME /Udyog Aadhar replaced with Udyam Registration?

Yes, MSME / Udyog Aadhaar registration is replaced with Udyam Registration. As per the notification of MSME dated 26.06. 2020, Udyam Registration is the new process of Registration launched by the Ministry of Micro, Small, and Medium Enterprises, effective from July 1, 2020.

Is the MSME Udyam registration compulsory?

No. The enterprises that come under the MSME category need not mandatorily apply for MSME registration. However, it is better to obtain MSME/Udyam registration as the government provides a lot of benefits in terms of loan facilities, easy access to credit, low-interest rates, eligibility to many schemes, etc., to the enterprises that have Udyam registration.

Do I need multiple registrations for manufacturing plants in different cities?

No. The MSME/Udyam Registration Certificate is for a single entity irrespective of multiple branches or plants. However, information about various departments or plants must be furnished.

Whose Aadhaar number is required to be entered when filling the MSME registration?

In the case of a company, its authorized signatory should provide the PAN and Aadhaar number while filling in the MSME registration.

Is Aadhar mandatory for Udyam Registration?

Yes, Aadhar is mandatory for obtaining the Udyam registration.

What documents are required for Udyam Registration?

The user will have to provide their 12 digit Aadhar number, PAN Card, and the bank account details of the business for the registration process.

What is the validity of Udyam registration?

The registration is valid till the existence of enterprises and there is no need to renew the registration.

Udyam Registration Online: Simplify with IndiaFilings

In today's competitive business landscape, it is crucial for small and medium-sized enterprises (SMEs) to leverage government initiatives that streamline operations, offer benefits, and provide formal recognition. One such initiative by the Government of India is Udyog Aadhaar registration, now known as Udyam registration. This initiative is designed to support the growth and development of micro, small, and medium enterprises (MSMEs) nationwide. Udyam Registration also referred to as MSME Registration, is the updated process for registering MSMEs introduced by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. Alongside this new registration process, the Ministry also updated the MSME classification criteria.

IndiaFilings is your trusted partner when it comes to simplifying the udyam aadhaar registration process. Our dedicated team of experts is well-versed in the intricacies of udyam registration online process and can help your business secure its Udyam Registration Number swiftly and seamlessly.

What is Udyam Registration?

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 Aadhaar Memorandum (UAM) system. The 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 ??????. Entrepreneurs can apply for 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.

Udyam Registration Benefits

Benefits of having a Udyam Registration Number for your business include:

Special Preference in Government Tenders: Registered Udyam enterprises receive preferential treatment in government procurement processes, enhancing their chances of securing contracts.
Access to Collateral-Free Bank Loans: Udyam Registration facilitates access to bank loans without the need for collateral or mortgage, making it easier for MSMEs to secure financing.
Interest Rate Exemption: Udyam Aadhaar Registered businesses are eligible for a 1% interest rate exemption on bank overdrafts (OD), reducing their borrowing costs.
Eligibility for Tax Rebates: Udyam enterprises can benefit from various tax rebates, providing significant tax savings.
Priority in Licensing and Certification: Udyam Aadhaar Registration offers priority consideration for obtaining government licenses and certifications, streamlining business operations.
Tariff and Capital Subsidies: Registered MSMEs are eligible for tariff subsidies as well as tax and capital subsidies, lowering their operational costs.
Electricity Bill Discounts: Udyam enterprises receive discounts on electricity bills, reducing their utility expenses.
Protection Against Delayed Payments: Udyam Aadhaar Registration offers protection against delayed payments from buyers, ensuring better cash flow management.
Trademark and Patent Discounts: Registered businesses can avail of a 50% discount on government fees for filing trademarks and patents, making intellectual property protection more affordable.
Expedited Dispute Resolution: Udyam enterprises benefit from faster resolution of disputes, minimizing business interruptions and legal costs.

Who can Apply for Udyam Registration?

Any individual who intends to establish a micro, small, or medium enterprise can file for Udyam Registration online through the Udyam Registration portal. Eligible applicants include:

Proprietorships
Hindu Undivided Family (HUF)
Partnership Firm
One Person Company (OPC)
Private Limited Company
Public Limited Company
Producer Company
Limited Liability Partnership (LLP)
Any Association of Persons
Co-operative Societies

No enterprise is permitted to file more than one Udyam Registration. However, a single Udyam Registration can encompass multiple activities, including manufacturing, services, or both, ensuring comprehensive coverage under one registration.

Eligibility Criteria for Udyam Registration

To be eligible for Udyam registration, your business must fall under the category of a Micro, Small, or Medium Enterprise based on specific investment and turnover thresholds as outlined below:

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

Businesses meeting these criteria can apply for Udyam Registration to avail of various benefits provided under the MSME schemes.

When to Opt for Udyam Registration?

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.

Documents Required for Udyam Registration

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.

PAN Card Number: The Permanent Account Number (PAN) of the business or the proprietor.
Aadhaar Number: The Aadhaar card number is required as follows:
- Proprietorship Firms: Aadhaar card of the proprietor.
- Partnership Firms: Aadhaar card of the managing partner.
- LLPs, Companies, Cooperative Societies, or Trusts: Aadhaar card of the authorized signatory.
GST Number (if applicable): The GST number is mandatory only for enterprises that require GST registration.

Validity of Udyam Certificate

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 Fees

The registration for MSMEs under the Udyam Registration Portal is entirely online and completely free of charge. There are no Udyam Registration Fees associated with the process.

While the registration process might seem tedious and time-consuming, IndiaFilings can simplify it. Our expert team can assist you in obtaining your Udyam Udyog Registration quickly and with minimal effort, ensuring a hassle-free experience.

Simplify Udyam Registration with IndiaFilings!

To obtain Udyam Registration through IndiaFilings, simply follow our streamlined process designed to make registration quick and hassle-free. Begin by providing your basic business details, and we will take care of the rest, including validating necessary information and submitting the application on your behalf. Our experts will handle the complexities, ensuring that your business is accurately registered without any of the typical confusion. Upon completion, you'll receive your Udyam certificate, granting you access to various government benefits and support for your MSME.

Streamline your Udyam Registration with IndiaFilings today!

UDYAM Registration FAQ's

Who is eligible for Udyog Aadhar?

Anyone wishing to establish a micro, small, or medium enterprise can apply for Udyam Registration.

Partnership Firm
One Person Company
Proprietorships
Private Limited Company
Limited Company
Producer Company
Limited Liability Partnership
Any association of persons
Co-operative societies
Any other undertaking
Hindu Undivided Family (HUF)

Note: As per the Revised Guidelines for MSME, retail and wholesale trades will be allowed to register on Udyam Registration Portal.

What are udyam registration fees?

The Registration for MSMEs under Udyam Registration Portal is entirely online, and there is no fee for MSME registrations. It is free of cost.

The registration process can be tedious and time-consuming, but IndiaFilings can help you make it easier. With our assistance, you can quickly get your Udyog Aadhar/Udyam Registration done with minimal effort and hassle.

What is Udyog Aadhar Benefits?

Udyog Aadhar/ Udyam Registration will be an enterprise's permanent registration and primary identification number.
MSME Registration is paperless and based on self-declaration.
Udyam registration is permanent, and there will be no need for renewal.
Any activities, including manufacturing, service, or both, may be specified in one Udayam Registration.
Enterprises may register themselves on GeM (Government e Portal along with the Udyam Registration.
MSMEs themselves can also be onboard on the TReDS Platform
The Udyam Registration may also help MSMEs in availing the benefits of the following Schemes of the Ministry of MSMEs :

Credit Guarantee Scheme
Public Procurement Policy
Additional edge in Government Tenders & Protection against delayed payments.

Udyam registered entity becomes eligible for priority sector lending from Banks.

What is NIC code for Udyam Registration?

The NIC code is a business code that is provided by the government to track the business proceedings for the organization under the micro, small and medium enterprises.

How many NIC codes can one add to NIC registration?

One can add a maximum of 10 NIC codes for Udyam registration.

What is the Udyam Registration?

Udyam registration is the latest Registration procedure for the Micro, Small, and Medium Enterprises (MSME), launched on July 1, 2020, by the government to ease the registration process.

Who is eligible for Udyam registration?

Anyone intending to establish micro, small, or medium enterprise may apply online. for Udyam registration.

Who is eligible to apply for MSME registration?

MSME registration can be obtained by the following entities that fulfill the revised MSME classification criteria of annual turnover and investment:

Individuals, startups, business owners, and entrepreneurs
Private and public limited companies
Sole proprietorship
Partnership firm
Limited Liability Partnerships (LLPs)
Self-Help Groups (SHGs)
Co-operative societies
Trusts

These entities involved in the following activities are eligible for Udyam registration:

Manufacturing Enterprises
Service Enterprises
Small retailers or wholesalers

What are the definitions of MSME effective from 01/7/2020?

Composite Criteria: Investment in Plant / Machinery and Turnover
Sl.No	Type of Enterprises	Investment	Turnover
1	Micro enterprises	Less than Rs.1 Crore	Less than Rs.5 Crore
2	Small enterprises	Less than Rs.10 Crore	Less than Rs.50 Crore
3	Medium enterprises	Less than Rs.20 Crore	Less than Rs.100 Crore

Are traders eligible for Udyam registration?

Earlier, the MSME registration covered only manufacturing and service industries. The scheme does not cover trading companies. However, in July 2021, the government announced that the wholesale and retail trade would come under the MSME classification and thus can apply for their wholesale/retail business registration.