Udhyam Registration – MSME Certificate
An Udhyam Registration Certificate is granted when a company completes the MSME registration process. It is an e-certificate. It is granted to the company in a move to digital India to make the streamline process better, safe and secure.
The Ministry of Micro, Small, and Medium Businesses has introduced the new and enhanced Udyam Registration Portal, a technology-first approach, to encourage and foster the expansion of MSME in India and offer all necessary assistance to MSMEs across the country.
The components of an Udyam Registration, often referred to as an MSME Registration, are a governmental endorsement, a Recognition Certificate, and a Unique Number. If you want to verify that your small or medium firm is legal, this is essential.
The Ministry of MSME, GOI, is responsible for conducting Udyam Registration for micro- and smaller-sized corporate organisations.
While the labels MSME Registration and Udyog Aadhaar are still used, they refer to an earlier registration procedure in which a UAM Number was issued as verification. The MSME Registration/Udyog Aadhaar has been transferred to the new program known as Udyam Registration with effect from the 1st 2020. Changing to Udyam Registration is required, even if you currently have MSME Registration.
After receiving your Udyam Registration Number, it typically takes 1 to 2 weeks to produce the Udyam Certificate.
These are most important actions that you need to remember while submitting your for an Udyam Registration:
- You should submit your Udyam Registration application online by visiting the Udyam Registration website.
- A permanent identity number and an electronic certificate would be provided following registration.
- These certificates are known as the “Udyam Registration Number” and the “Udyam Registration Certificate”.
You must fulfil a specific set of requirements in order to be classified as a medium, small, or micro-enterprise and receive the MSME registration.
Advantages of Organising Your Udhyam Registration Process
The government started this method to simplify the process of giving all the necessary support to MSMEs across India in one comprehensive platform and get rid of the intermediaries. Every MSME could easily apply here to register their business and take advantage of the various perks offered occasionally by the Ministry of MSME.
- Take advantage of a subsidy for industrial promotion as well as patent registration.
- An overdraft capacity and interest rate exclusion are also available to you.
- You can now get your ISO Certification costs back!
- Keep up with the times when applying for government contracts because this registration gives you an advantage.
- Get government permits, regulatory clearances, and formal registrations with ease.
- Receive unique exemptions from direct tax laws.
- Enjoy exclusive invitations to official trade portals and take part in international events, which are surefire ways to expand your company.
Eligibility criteria for Micro, Small and Medium enterprise
An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: —
- A micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
- A small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
- A medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
Documents required for Udyam Aadhar Registration in India
- Copy of PAN card
- Copy of Aadhar card
- Address proof of business premise
- Copy of cancelled cheque
- GST certificate, if applicable
