This certificate shows that your business is officially recognized as an MSME Registration. It helps you get many benefits like easy loans, government schemes, subsidies, and protection under law. The best part is that the registration process on the Udyam portal is very fast and easy. In this guide, you will learn how to register your MSME quickly on the Udyam portal with simple steps and useful information.
What is Udyam Registration?
Udyam Registration is a government online process where MSMEs can register their business for free. The Ministry of Micro, Small, and Medium Enterprises manages this system. It replaced the old system called UAM (Udyog Aadhaar Memorandum) to make registration easier and faster.
After registration, you receive the Udyam Certificate which has a unique number known as the Udyam Registration Number (URN). This certificate confirms your MSME status.
Why Register on the Udyam Portal?
Registering your MSME on the Udyam portal is important because:
- Legal Recognition: It officially recognizes your business as an MSME.
- Access to Government Benefits: You become eligible for various government schemes and subsidies.
- Easier Loans: Banks offer collateral-free loans and other credit facilities to registered MSMEs.
- Tax Benefits: You may get tax benefits under certain schemes.
- Priority in Tenders: You get preference in government tenders and procurement.
- Export Benefits: Access to export incentives and support.
- Protection: It helps in protecting your business interests, especially regarding payments from buyers.
Who Can Register on the Udyam Portal?
The following businesses can register on the Udyam portal:
- Micro enterprises
- Small enterprises
- Medium enterprises
- Manufacturers
- Traders
- Service providers
- Freelancers and professionals
- Proprietorships, partnership firms, companies, LLPs, trusts, and societies
MSME Classification Based on Investment and Turnover
The government classifies MSMEs based on two criteria: investment in plant and machinery or equipment, and annual turnover. The current classification is:
- Micro Enterprises: Investment up to Rs. 2.5 crore and turnover up to Rs 10 crore.
- Small Enterprises: Investment up to Rs. 25 crore and turnover up to Rs. 100 crore.
- Medium Enterprises: Investment up to Rs 125 crore and turnover up to Rs 500 crore.
What Documents or Details are Needed for Udyam Registration?
The good news is that the Udyam Registration process is paperless, and you do not need to upload any documents. However, you should have the following details ready:
- Aadhaar Number of the business owner or authorized person
- PAN Number of the business or individual
- Mobile Number linked with Aadhaar for OTP verification
- Email Address
- Business Name
- Type of Business Entity (Proprietorship, Partnership, Company, etc.)
- Bank Account Number and IFSC code
- Complete Business Address
- Date of Commencement of Business
- National Industrial Classification (NIC) Code related to your business activity
- Number of Employees
- Investment and Annual Turnover details
Step-by-Step Guide to Register Your MSME Quickly on Udyam Portal
Here is a simple step-by-step process to complete your registration quickly:
- Visit the Udyam Portal: Open your browser's official Udyam Registration portal.
- Fill in Business Details: Enter essential details like your business name, type, address, and bank account information. Ensure accuracy in the data.
- Review and Submit the Form: Review the information to confirm it's correct. After reviewing, apply.
- Pay the Registration Fee: Select your payment method and complete the registration payment.
- Receive OTP on Mobile: An OTP will be sent to the mobile number linked with your Aadhaar card.
- Enter OTP: Input the OTP sent to your phone to verify your identity.
- Complete Registration: Once your details are confirmed, your registration will be completed.
- Receive Your Udyam Certificate: Once verified, your Udyam Registration certificate will be generated and sent directly to your email.
Important Points to Remember
- Udyam registration is free on the official portal.
- You must use a mobile number linked to Aadhaar for OTP verification.
- If your business has multiple locations, register only once using the primary address.
- The certificate is valid for lifetime and does not require renewal.
- No documents need to be uploaded; all information is verified digitally.
- The portal automatically cross-checks your PAN, GST, and other data.
- If you are already registered with UAM, you should update your registration on Udyam portal.
Benefits of Udyam Registration
By registering on the Udyam portal, your business will enjoy these benefits:
- Priority Sector Lending
Banks provide loans without collateral to MSMEs, making finance easier.
- Subsidies and Concessions
You become eligible for government subsidies, schemes, and incentives.
- Protection from Delayed Payments
Buyers must pay registered MSMEs within 45 days, or pay interest on delayed payments.
- Tax Benefits
Some MSMEs get tax rebates or exemptions.
- Easier Market Access
You get preference in government tenders and procurement.
- Support for Exporters
You can get benefits and assistance if your business exports products or services.
- Business Growth
Registration adds credibility and helps you attract investors and customers.
Tips for Quick Registration on Udyam Portal
- Keep your Aadhaar, PAN, and mobile phone ready before starting.
- Fill all details carefully and double-check them.
- Use the correct NIC Code for your business activity.
- Make sure your mobile number is linked with your Aadhaar.
- Avoid third-party agents charging fees; registration is free on the official portal.
- If you have GST, use the same PAN and GST details during registration.
Note: Now, you can easily Print Udyam Certificate through the Udyam portal
Conclusion
Registering your MSME on the Udyam portal is now easier than ever. The process is quick, simple, and paperless, taking only a few minutes if you have the right details. With your Udyam Certificate, your business can enjoy many government benefits, easy financing, and legal protection.
Whether you are a small manufacturer, trader, or service provider, registering on the Udyam portal will help your business grow and succeed. So, do not wait! Visit the official Udyam Registration portal today, follow the simple steps, and get your MSME registered quickly.