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Udyam Registration - Online Process

MSME stands for Micro, Small and Medium enterprises. In a developing countries like India, MSME Industries are the backbone of our economy. When these industries grow, the economy of the country grows as a whole and flourishes. From 1st July, 2020 MSME registration is replaced by the Udyam registration. Udyam registration certificate will be issued to the entrepreneurs after the completion of registration process.

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    Udyam Registration in India

    According to the notification of MSME dated 26.06.2020, MSME registration has been replaced by Udyam registration that is launched by the ministry of MSME i.e. effective from 1st July, 2020. Udyam registration is a portal of Government where no additional documents or certificates are required to attach in order to register under MSME. It becomes very easy to register under Udyam and also a paperless work after this online process.

    All existing enterprises who is registered under EM- II or UAM shall register again on Udyam registration portal on or after 1st July, 2020. The existing enterprises who is registered before 30th June, 2020 shall be valid upto 31st March, 2021.

    Benefits of Udyam registration

    The benefits of Udyam registration are:

      • Due to the Udyam registration process certificate, an enterprise takes loans from the bank at a lower interest rate.
      • There are various tax rebates offer to MSME entreprenuers.
      • There are many government incentives that are only available for MSME industries.
      • They get easy access to credit.
      • There is no registration fee.
      • Businesses registered under Udyam are given a higher preference for government license and certification.
      • Industrial promotion subsidy.
      • Protection against delay payment.

    Udyam registration process

    Udyam registration process

    Udyam registration is completely online. Udyam online registration is to be done at the government portal of udyamregistration.gov.in. The registration under Udyam can be done under following two categories in the portal:

    • For new entrepreneurs who are not registered yet as MSME or those with EM-II
    • For those having registration as UAM and for those already having registration as UAM through assisted filing
    Udyam registration process

    Udyam registration is completely online. Udyam online registration is to be done at the government portal of udyamregistration.gov.in. The registration under Udyam can be done under following two categories in the portal:

    • For new entrepreneurs who are not registered yet as MSME or those with EM-II
    • For those having registration as UAM and for those already having registration as UAM through assisted filing
    Udyam registration certificate

    After submitting the Udyam registration form online, a message of successful registration with a reference number will appear. The Ministry of MSME will issue the Udyam Registration certificate after the verification of Udyam registration form submitted on the portal.
    The Ministry will issue the Udyam certificate after a few days from the submission of the registration form. The MSME registration certificate validity is for a lifetime. Thus, it requires no renewal.

    Udyam registration certificate

    After submitting the Udyam registration form online, a message of successful registration with a reference number will appear. The Ministry of MSME will issue the Udyam Registration certificate after the verification of Udyam registration form submitted on the portal.
    The Ministry will issue the Udyam certificate after a few days from the submission of the registration form. The MSME registration certificate validity is for a lifetime. Thus, it requires no renewal.

    Documents required for Udyam registration process

    These are some documents which are required for Udyam registration:

    • 12 digit aadhaar number of an entrepreneur
    • PAN number of an entrepreneur
    • Mobile Number
    • Mail ID
    • Bank account details like Bank name, IFSC code and Account number
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