MSME/Udyam Registration (Unlock Government Benefits)

Register your MSME/Udyam to access essential subsidies and loans, and tap into valuable government support schemes.

No Hidden Charges

Lowest Price Guarantee

Talk to an Expert

Your information is safe with us. | Privacy Policy

Meghana Woonna
Meghana Woonna
2024-03-06
Expert advice, friendly staff, and excellent client service
MOHD RAFIQ KHAN
MOHD RAFIQ KHAN
2024-03-01
Made the GST filing process understandable for a layman like me
RAMARAO IMMIDI M V R S
RAMARAO IMMIDI M V R S
2024-03-01
Partnership formation advice was invaluable, truly professional
PRABHAKARA RAO
PRABHAKARA RAO
2024-03-01
Their guidance on trade license was clear and helpful
Avinash -ADMIN
Avinash -ADMIN
2024-03-01
Very good services
DSK Sai
DSK Sai
2024-03-01
They are the best at what they do, highly recomend
Ram katla
Ram katla
2024-03-01
We registered LLP here, it was a good experience
Vinay chowdary Kurra
Vinay chowdary Kurra
2024-03-01
Flexible auditing
kandukuri avinash
kandukuri avinash
2024-03-01
Impressed with their knowledge and service quality.
Charan Charan
Charan Charan
2024-03-01
Best accounting team ever
Group 55
Our Website is under Development
For inquiries about our services, please feel free to contact us at support@vsmartauditor.com
Phone : +91 8440844065

Four Steps to Get Your MSME/UDYAM Registration

Fill the Form

Provide business details

Add to cart

Pay the required fee online

Submit Documents

Upload required papers

Certificate delivery

Official Document Delivery

Find the best plan for your needs

Basic Plan

1,499
+GST

Standard Plan

2,499
+GST

Basic Plan
+

Premium Plan

2,999
+GST

Standard Plan
+

Overview of MSME or Udyam Registration

MSME or Udyam Registration is a certification provided by the Indian government to facilitate and support micro, small, and medium enterprises (MSMEs). This registration brings several benefits, including eligibility for various subsidies, lower interest rates, and access to government tenders and schemes aimed at promoting the growth and sustainability of small businesses.

The registration process has been simplified through an online portal, where enterprises can register by providing basic details and self-declared financial information without the need for physical paperwork. Once registered, the enterprise is assigned a permanent identity number known as the Udyam Registration Number, making it easier to avail of government subsidies and participate in promotional activities.

blank-paper-sheet-with-small-scooter-table
blank-paper-sheet-with-small-scooter-table

MSME or Udyam Registration is a certification provided by the Indian government to facilitate and support micro, small, and medium enterprises (MSMEs). This registration brings several benefits, including eligibility for various subsidies, lower interest rates, and access to government tenders and schemes aimed at promoting the growth and sustainability of small businesses.

The registration process has been simplified through an online portal, where enterprises can register by providing basic details and self-declared financial information without the need for physical paperwork. Once registered, the enterprise is assigned a permanent identity number known as the Udyam Registration Number, making it easier to avail of government subsidies and participate in promotional activities.

Revised MSME Classification

Initially, when the government introduced MSME registration in 2006, the classification was based solely on investment in plant and machinery or equipment. The government has since revised the MSME classification criteria to include both annual investment and annual turnover. Additionally, the distinction between manufacturing and services sectors has been removed.

The current MSME classification, as per the notification S.O. 2119(E) dated June 26, 2020, considers both investment and annual turnover to determine if an entity qualifies as an MSME:

Revised MSME Classification

Initially, when the government introduced MSME registration in 2006, the classification was based solely on investment in plant and machinery or equipment. The government has since revised the MSME classification criteria to include both annual investment and annual turnover. Additionally, the distinction between manufacturing and services sectors has been removed.

The current MSME classification, as per the notification S.O. 2119(E) dated June 26, 2020, considers both investment and annual turnover to determine if an entity qualifies as an MSME:

What is MSME Udyam Registration?

19-digit MSME/Udyam Registration Number

MSME registration, also known as Udyam registration, is a streamlined process for businesses that meet the MSME classification criteria to register through the Udyam portal. This registration process is entirely online and can be completed on the Udyam Registration Portal.

Although obtaining this registration is not mandatory, it offers significant benefits to businesses. These advantages include

Number of Members

Tax Benefits

Number of Members

Ease of Setting Up

Number of Members

Credit Facilities

Number of Members

Government Schemes

For more information about MSME Udyam Registration, Please click here

MSME Registration Eligibility

Entities involved in manufacturing, service industries, wholesale, and retail trade that meet the revised MSME classification criteria of annual turnover and investment are eligible to apply for MSME registration. The eligibility for MSME registration is based on the entity’s annual turnover and investment in plant and machinery or equipment.

The following entities can apply for MSME registration:

Any person or group starting a new business or running an existing one.

Both private and public companies engaged in eligible activities.

Individual-owned businesses operating in eligible sectors.

Businesses owned and run by two or more partners.

Partnership entities with limited liability for the partners.

Community-based groups involved in economic activities.

Cooperative organizations engaged in eligible sectors.

Organizations operating as trusts in various eligible activities.

Desktop - 16
Desktop - 16

Any person or group starting a new business or running an existing one.

Both private and public companies engaged in eligible activities.

Individual-owned businesses operating in eligible sectors.

Businesses owned and run by two or more partners.

Partnership entities with limited liability for the partners.

Community-based groups involved in economic activities.

Cooperative organizations engaged in eligible sectors.

Organizations operating as trusts in various eligible activities.

To apply for MSME registration, these entities must meet the specified investment and turnover thresholds according to the revised MSME classification criteria.

Documents for MSME Udyam Registration

To register an MSME (Micro, Small, and Medium Enterprise) in India, the following documents are typically required

Aadhaar Card

PAN Card

Business Address Proof

Bank Account Details

Business Registration Documents

GSTIN (If Available)

Email ID & Mobile number

Additional information

Aadhaar Card

Business Registration Documents

PAN Card

GSTIN (If Available)

Business Address Proof

Email ID & Mobile number

Bank Account Details

Additional information

Note: No documents need to be submitted online at the time of registration. The information provided during registration is based on self-declaration.

MSME Registration Procedure

MSME registration can be completed entirely through the online portal

The first step is to visit the official UDYAM Registration portal, This is the government’s dedicated portal for MSME registration.

For new entrepreneurs: Select ‘For New Entrepreneurs who are not Registered yet as MSME’ or a similar option.

For existing registrations: If you have an EM-II, UAM registration, or any other registration issued by an authority under the Ministry of MSME, choose the relevant option for migration to UDYAM.

Proprietorship: Enter the proprietor’s Aadhaar number.

Partnership: Use the Aadhaar number of the managing partner.

Hindu Undivided Family (HUF): Provide the Aadhaar of the Karta.

Companies, LLPs, cooperative societies, etc.: Provide the Aadhaar number of the authorized signatory. Validate the Aadhaar number with an OTP sent to the registered mobile number.

Enter PAN details:

      • Proprietorship: Personal PAN.
      • Other organizations: Organization’s PAN. The portal will validate your PAN against government databases.

Fill in required details:

      • Name and type of enterprise
      • Postal address, district, pin code, state, email, and mobile number
      • Date of commencement of business
      • Bank details (account number and IFSC code)
      • Major activity (manufacturing or service)
      • National Industrial Classification (NIC) Code for activities
      • Number of employees
      • Investment in plant and machinery/equipment
      • Details of previous MSME registration, if any

Final Submission with OTP: After completing the form, submit it using an OTP sent to your registered mobile number or email.

Receive Certificate: Upon successful OTP verification and submission, you will receive an UDYAM registration number and an e-certificate of registration.

Note: There are no fees charged by the government for MSME registration. The registration process is entirely free of cost on the official Udyam Portal.

MSME Registration Status

To check the status of your MSME registration, follow these steps

Step 1

Visit Udyam Portal

Go to the official website at Udyam Registration Portal.

Step 2

Access Verification

Click on the ‘Print/Verify’ option and then select ‘Verify Udyam Registration Number’.

Step 3

Enter Details

Input your ‘Reference Number’ and the captcha code.

Step 4

Verify Status

Click on the ‘Verify’ button to check your MSME registration status.

MSME Support Platforms

These platforms provide essential services and solutions to facilitate the growth and development of MSMEs in India.

It is a public procurement platform for acquiring goods and services by all Central and State Government Ministries, Departments, Public Sector Units (PSUs), and affiliated entities.

TReDS Platforms

The TReDS (Trade Receivables Discounting System) platforms facilitate the financing/discounting of trade receivables for MSMEs through multiple financiers, including Invoicemart, M1xchange, and RXIL.

Frequently Asked Questions

What is the Full Form of MSME/UDYAM?

MSME/UDYAM stands for Micro, Small, and Medium Enterprise.

Can I get an MSME/UDYAM loan for a new business?

Yes, start-ups and small business entrepreneurs are eligible for MSME/UDYAM loans.

Can I obtain more than one registration on the same PAN?

No, one cannot take more than one Udyam registration on the same PAN

Is MSME registration updated to Udyam Registration?

Yes, MSME registration, i.e., Udyog Aadhaar Registration, has been replaced with Udyam Registration. If any micro, small and medium industries want to start any business, they can obtain the MSME/Udyam Registration. The MSME/Udyam registration is entirely online. This registration provides the company with a lot of benefits and subsidies.

Is the MSME/UDYAM registration compulsory?

No. The enterprises that come under the MSME/UDYAM category need not mandatorily apply for MSME/UDYAM registration. However, it is better to obtain MSME/Udyam registration as the Government provides many benefits in terms of loan facilities, easy access to credit, low-interest rates, eligibility to many schemes, etc., to the enterprises that have MSME/UDYAM registration.

Can the existing and new businesses both apply?

Yes, an existing and new business can apply for MSME/Udyam Registration, provided the existing unit is functioning and meets the threshold limits for registration. Enterprises having a UAM Registration need to be re-registered for Udyam registration to avail of the benefits provided for the MSMEs.

What is the validity of the MSME/UDYAM registration certificate?

There is no expiry of the Udyam Registration Certificate. As long as the entity is ethical and financially healthy, there will be no expiry of the certificate.

Can trading companies register under MSME/UDYAM?

Yes. 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 MSME/UDYAM registration of their wholesale/retail business. The Ministry of Micro, Small, and Medium Enterprises decided to include retail and wholesale trade under MSMEs/UDYAM for priority sector lending.

Do I need multiple registrations for manufacturing plants in different cities?

No. The MSME/Udyam Registration Certificate is for a single entity irrespective of multiple branches or plants. However, information about various departments or plants must be furnished.

What is the NIC code for Udyam Registration?

The NIC code is a business code the Government provides to track the business proceedings for the organization under the Micro, small and medium enterprises.

How many NIC codes can one add to NIC registration?

One can add a maximum of 10 NIC codes for Udyam registration.

What are the uses of Udyam Registration?

The Udyam Registration certificate provides the companies registered under the Udyam special access to the schemes by the Government. The Udyam Registration directly links enterprises with the government database.