Now get registered with Udyam Registration at Just Rs.750* ( Inclusive All )
After the drastic spread of Pandemic COVID -19, Government of India has announced many relief packages for MSME sector to uplift industry as well as economy of the country. Government has taken initiatives include Digital India, start-ups, ease of doing business, easy loans, Make in India, Moratorium of Loans, reduced rate of interest, simple tax compliances and transparency in working to make “Aatma Nirbhar Bharat”.
Government of India has redefined MSME law and relaxed many provisions accordingly so that many enterprises can get benefit available, including those which were earlier rare necessitous.
Now Government of India introduced concept of “Udyam Registration” w.e.f. 01/07/2020 for existing registered enterprises under ‘EM-II’ & ‘Udyog Aadhaar Memorandum- UAM’ as well as new MSME enterprises.
|Classification||Manufacturing or Service Sector|
|Micro Enterprises||Plant and Machinery or Equipments does not exceed Rs.1.00 Cr||Turnover does not exceed Rs. 5.00 Cr|
|Small Enterprises||Plant and Machinery or Equpments does not exceed Rs.50.00 Cr||Turnover does not exceed Rs. 5.00 Cr|
|Medium Enterprises||Plant and Machinery or Equpments does not exceed Rs.250.00 Cr||Turnover does not exceed Rs. 5.00 Cr|
Protection against delay in payments
Fast resolution of Disputes
Collateral Free loans from banks
Special consideration for participating in international trade fair
Waiver of stamp duty and registration fees
Several Exemption under Direct Tax Laws
Barcode registration subsidy
Subsidy on NSIC Performance and Credit ratings
Counter Guarantee from GOI through CGSTI
Reduced interest rate from banks
15% subsidy under CLCSS scheme for government tenders
Concession in Electricity Bills
Reimbursements of payments made for obtaining ISO Certification
1% exemption in interest on OD
Increasing eligible loan limit for optimal reasons, form the amount of Rs.25 Lakhs to Rs 50 Lakhs
It increase the extent of Guarantee cover from 75% to 80%
Reservation of products for exclusive manufacturing by MSME/SSI
Easier registration and approvals to obtain Licenses
Eligible for IPS Subsidy
Preference in Allocation of Government Tenders
Excise Exemption Scheme
Reduced rate of interest from Banks
50% Subsidy for patent registration
Limited Liability Partnership
The registration process is quite easy and simple to apply. You have to visit the official website.
Once we file the details given, you will receive the certificate on the mail id given.
No documents are required, only the aadhaar card given should be linked with the mobile number as you will receive OTP on your phone.
Yes, Udyam Registration can be used to open Current Bank Account. It is treated as a Business Registration Certificate for Micro,Small and Medium Enterprises
The validity is for lifetime,there is no expiry period for Udyam Registration Certificate.
Yes,one can easily update Udyam Registration and modify the details by editing the details. You just need to enter AadhaarNumber,Name, and the OTP which you will receive on the linked mobile number and then very easily you can update or modify the details.
All units with Goods and Services Tax Identification Number (GSTIN) listed against the same Permanent Account Number (PAN)shall be collectively treated as one firm and the turnover and investment figures for all of such entities shall be seen together and only the aggregate values will be considered for deciding the category as micro, small or medium enterprise firm.
Yes, All existing enterprises having Udyog Aadhaar registration before 30th June 2020, they all are reclassified under Udyam registration from 1st of July 2020.
The user or applicant only need to provide 12 Digit Aadhaar Card number, PAN Card and Bank Account details. No other hard copy or soft copy required.