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Udyam Registration is a simple online process for micro, small, and medium enterprises (MSMEs) to get recognition and benefits from the government. It has replaced the Udyog Aadhaar registration system. MSMEs will register by providing basic details such as Aadhaar and PAN numbers, business information, and bank account details. The important benefits include easier access to credit, subsidies, exemptions under direct tax laws, and preferences in government procurement. BizFoc helps the enterprise in promoting ease of doing business and encouraging MSMEs to avail of various support schemes and incentives. As per latest reports on 15th March, 2024, the total number of registered enterprises on Udyam and UAP crossed 4 crore, which is a major milestone for the formalization initiative undertaken by the Ministry of Micro, Small and Medium Enterprises (MSME). The Ministry is committed to facilitate the promotion and development of Micro, Small and Medium Enterprises.
Udyam Registration is a government registration process in India
specifically designed for micro, small, and medium enterprises (MSMEs). It replaced the
earlier system known as Udyog Aadhaar registration. The Ministry of MSME Government of
India, in the notification S.O.2119(E) dated 26.06.2020, with effect from 1st July 2020,
introduced the Udyam Registration in lieu of UAM. The Udyam Registration is based on the
composite criteria of investment and turnover for classification of Micro, Small and Medium
Enterprise for new enterprises as well as existing enterprises.
Any person who intends to establish a micro, small or medium enterprise may file Udyam
Registration online in the Udyam Registration portal, based on self-declaration with no
requirement to upload documents, papers, certificates or proof.
On registration, an enterprise (referred to as “Udyam” in the Udyam Registration portal)
will be assigned a permanent identity number to be known as “‘Udyam Registration Number”.
An e-certificate, namely, “Udyam Registration Certificate” shall be issued on completion
of the registration process.
The Udyam Registration Number (URN) is a unique identification number assigned to Micro, Small, and Medium Enterprises (MSMEs) in India upon successful registration on the Udyam Registration Portal. This number is issued by the Ministry of Micro, Small, and Medium Enterprises and is a part of the Udyam Registration initiative, which aims to simplify the process of registration for MSMEs and provide them with various benefits.
The government in January this year had launched the Udyam Assist Platform (UAP) – a formalisation project by the MSME ministry. The primary objective of UAP is to bring a large number of such informal micro enterprises (IMEs) into the formal economic fold with the help of designated agencies (DAs).
To obtain an Udyam Registration Certificate in India, which is necessary for micro, small, and medium enterprises (MSMEs) to avail of various benefits and schemes provided by the government, you can follow these steps:
Udyam Registration offers several benefits to micro, small, and medium enterprises (MSMEs) in India. Here are some benefits:
MSME Udyam Registration is an updated and more structured version of the earlier MSME Registration also known as Udyog Aadhaar Registration, emphasizing transparency, accuracy, and compliance with specific documentation requirements. It ensures that MSMEs receive the benefits and support they are entitled to under various government schemes while maintaining data integrity and reliability. The MSME Udyam registration is facilitated through the government portal known as the Udyam portal. The entire process of MSME registration is conducted online and eligible entities can conveniently apply for it on the Udyam registration portal.
To download the Udyam Registration Certificate in India, follow these steps:
For Udyam Registration process for micro, small, and medium enterprises (MSMEs) in India, the required documents are:
The online Udyam Registration process for micro, small, and medium enterprises (MSMEs) in India is designed to be user-friendly. Here’s a step-by-step guide to Online Udyam Registration:
The Udyam Registration portal is specifically designed for micro, small, and medium enterprises (MSMEs) in India. MSMEs are classified based on their investment in plant and machinery or equipment (for manufacturing enterprises) and annual turnover (for both manufacturing and service enterprises). Individuals and entities involved in manufacturing or providing services, as defined under the MSME Development Act, 2006, can apply for Udyam Registration. The classification criteria are as follows:
There is no fee charged by the government for Udyam Registration itself. The registration process is free of cost for MSMEs. While the government does not charge any fee for Udyam Registration, We at BizFoc charge a nominal fee of Rs 499 to assist with the Udyam Registration in India. This fee is for our service and is not mandated by the government.
BizFoc applies for Udyam application within 4 hours of the engagement and Udyam resgistration certificate is issued on the same day.
BizFoc assists in Udyam Registration by guiding micro, small, and medium enterprises (MSMEs) through the registration process. We ensure all necessary documents are in order, help fill out the registration form accurately, and submit it online. Additionally, they may provide advisory services on classification, eligibility criteria, and benefits available under the Udyam scheme.
The Udyam Registration portal serves as a platform for MSMEs in India to formalize their operations and gain access to government schemes, incentives, and support mechanisms aimed at fostering growth, competitiveness, and sustainability in the market. If you fall within the criteria outlined above and are looking to benefit from government initiatives for MSMEs, applying for Udyam Registration is essential.
Udyam registration is important for businesses falling under the Micro, Small and Medium Enterprises category to avail of government benefits, such as tax incentives and credit facilities.
Visit the Udyam Registration Portal, click on 'Print/Verify,' and choose 'Verify Udyam Registration Number.' Enter your reference number and captcha to check the status.
Documents include Aadhaar card and PAN card. For GST-registered entities, GSTIN details are necessary.
No, the MSME Udyam registration process is free of charge on the official Udyam Portal.
Entities such as individuals, startups, companies, LLPs, co-operative societies, and trusts engaging in eligible activities can apply.
Visit the Udyam Registration Portal, click on 'Print/Verify,' select 'Print Udyam Certificate,' enter your registration number and follow the steps.
Yes, sole proprietors managing business affairs individually can apply for MSME Udyam registration.
Benefits include cheaper bank loans, extended MAT credit period, government scheme access, and priority sector lending eligibility.
Yes, entities registered under the Co-operative Societies Act are eligible for MSME Udyam registration.
Use the 'Forgot Udyam Registration Number' option on the Udyam Registration Portal, enter your mobile/email, and receive the details via SMS/Email.
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