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Udyog Aadhar Registration
Udyog Aadhar Registration Online
- Work handled by professionals
- Suitable for small enterprises to avail government benefits
- Completely online process
- Get your MSME Registration @ Rs 999/-
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Udyog Aadhar Registration Online
MSME stands for Micro scale and Medium Enterprises. Udyog Aadhar Registration Online It contributes approx 45% of the total employment and half of the exports are done from MSME sector. The entity is classified in micro, small or medium is based upon the amount of investment it put in its plant and machinery. The entity falling under the criteria set up by the government can get their MSME registration online and get several benefits under the MSME scheme such as loans without collaterals, subsidy on patents & trademarks, protection against delayed payments and many more.
Udyog Aadhar Registration Online can be obtained by manufactures and services providers, and traders/ wholesalers are not allowed to take benefits of MSME registration. Although it can be obtained by any entity such as proprietorship firm, partnership firm, companies, LLP’s. Udyog aadhar certificate is valid for lifetime and can be obtained online under udyog aadhar official website by furnishing few details of investment and relevant documents.
Udyog Aadhar Registration Online
Representation – Would act as a pan India representation for the business/shop that has been registered.
Banking – Would act as primary proof for opening a bank account that is associated with the small scale industries.
Governmental Benefits – As it acts a way to identify the company, it would be benefitted by the policies and beneficial schemes the government sanctions.
Subsidy – Organizations that have MSME Registration Certificate can avail 50% subsidy for patent registration by making application to respective ministry.
Documentation for Udyog Aadhar Registration
Residence proof of the applicant
KYC of applicant
Bank Details with IFSC code
Investment in Plant & Machinery / Equipment
Process involved in MSME Registration
- Step-1: Gathering details
- Step-2: Filing the application
- Step-3: Grant of MSME certificate
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:
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.
Udyog Aadhaar Memorandum was kick started to provide easier registration process for the new Micro scale and Medium Enterprise businesses. The primary level of MSME is dealt by the respective state governments, but Indian government wanted to do improve the overall procedure for set up and maintenance.
Easy sanction of Bank loans at lower rates of interest Credit Guarantee scheme Excise exemption Exemption under direct tax laws Interest on Delayed Payments Act which is thrice of the rate stipulated by RBI for the time being. Other Subsidies from State Governments
Yes it can be used as a proof to represent the company even in legal terms as it is a governmental proof and is valid een in banks.
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.
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.
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.
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.
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