udyamregistration.gov.in Msme Udyam New Registration login (Zero Cost), Aadhar Certificate, Verification

udyamregistration.gov.in Msme Udyam New Registration login (Zero Cost), Aadhar Certificate, Verification

udyamregistration.gov.in Msme Udyam New Registration login (Zero Cost), Aadhar Certificate, Verification

The Indian government launched the Udyam registration program to facilitate the registration of Micro, Small, and Medium-Sized Businesses. Businesses can now get an Udyam Certificate using a simplified online approach that has been approved by the Union Ministry of MSME as of July 1, 2020. The Udyam platform streamlines enterprise classification and registration by acting as the government’s Single Window System for MSMEs.

With just an Aadhaar number, the full registration process may be finished online at udyamregistration.gov.in, making it a simple and quick procedure. Anyone who is an Indian citizen and wants to do business can use this platform. MSMEs obtain an Udyam Registration Certificate for future use upon successful registration. This page goes into further depth about the registration procedure, including a three-step tutorial, computation instructions, and the estimated time of arrival for the Udyam certificate.

Udyam Registration Online :

• Step 1: Apply Online To start a micro, small, or medium enterprise, individuals must apply on the Udyam registration portal. This process requires self-declaration, so no documents need to be uploaded.
• Step 2: Obtain Registration Number Once the application is submitted successfully, each enterprise is assigned a unique Udyam registration number.
• Step 3: Receive Udyam Certificate After the registration process is finished, the enterprise receives an electronic certificate called the Udyam registration certificate.

Key Points for Udyam Registration :

• Registration forms can only be found on the Udyam registration portal.
• There is no cost for Udyam registration.
• An Aadhaar number is essential for registration.
• The Aadhaar must belong to the owner of a sole proprietorship, the managing partner of a partnership, or the Karta of a Hindu Undivided Family (HUF).
• If registered as a company, cooperative society, trust, or limited liability partnership, organizations must also provide their PAN and GSTIN along with the Aadhaar number.
• Existing Udyam registrations that include a PAN must fill in any missing details through self-declaration.
• No individual may apply for more than one Udyam registration.
• Enterprises must indicate their activities, such as manufacturing or services, during registration.
• Misrepresentation in the application can lead to fines under section 27 of the act.

Udyam Registration for Existing Enterprises :

a. Existing enterprises that are already registered under UAM or EM-Part-II can also register on the Udyam portal.

b. Any enterprise registered before June 30, 2020, was reclassified based on new rules effective July 1, 2020.

Benefits of Udyam Registration :

• Easy access to bank loans up to INR 1 crore without collateral.
• Preference for government contracts.
• 1% reduction on bank overdraft interest rates.
• Discounts on electricity bills.
• Protection against late payments from buyers.
• Tax refunds.
• 50% discount on government fees for patents and trademarks.
• Fast resolution of disputes.
• Lower interest rates for loans from partner banks.
• Subsidies from the National Small Industries Corporation and other government organizations.
• Reimbursement for ISO certification costs.
• Specific tax and excise exemption schemes.

MSME Calculation Process :

• Investment Calculation: Linked to the previous year’s Income Tax Return (ITR). New enterprises must use self-declaration for investment until they file their first ITR.
• Turnover Calculation: Governed by the Central Goods and Services (CGST) Act or Income Tax Act. Export turnover is not included in this classification. Enterprises without PAN can declare figures until the financial year ends, but must provide PAN and GSTIN after that.

Eligibility Criteria :

• Individuals, startups, business owners, and entrepreneurs
• Private and public limited companies
• Sole proprietorships
• Partnership firms
• Limited Liability Partnerships (LLPs)
• Self Help Groups (SHGs)
• Co-operative societies
• Trusts

Required Documents :

Documents needed for Udyam registration:

• Aadhaar number
• PAN card
• GSTIN (if applicable)
• Proof of business address (like utility bills or property tax receipt)
• Bank account information

Udyam Registration Process for New Entrepreneurs :

Steps for new entrepreneurs :

1. Visit the Udyam Registration Portal.
2. On the homepage, select “For New Entrepreneurs who are not Registered yet as MSME or those with EM-II.”

Enter Details :

• Provide the entrepreneur’s name and Aadhaar number, then click “Validate and Generate OTP.” After getting the OTP, the PAN Verification page will appear.

Aadhaar Verification :

• Complete the Aadhaar verification for MSME registration.

Validate PAN :

• Input the PAN number and type of organization, then click the “Validate PAN” button.

Fill Out the Registration Form :

• Enter personal and business information in the Udyam Registration form after verifying the PAN.

Submit Information :

• Check the declaration, enter investment and turnover details, and click “Submit and Get Final OTP.” After entering the OTP, the registration form will be sent, and an email with the Udyam Registration Certificate will be sent. Entrepreneurs can also check their MSME registration status through the Udyam Registration Portal.

Revised MSME Classification for Udyam Certificate Download :

Timeframe for Udyam Certificate :

Typically, it takes about 4 to 5 days to receive the Udyam certificate after applying. An email will be sent with the registration number once it is issued, though the process can sometimes take more than 15 days.

Who Can Apply for Udyam Registration ?

Individuals wanting to start a micro, small, or medium enterprise can apply for Udyam registration online.

Official Website << udyamregistration.gov.in >> Udyam Registration Online

CLICK HERE  to vist the official website of MSME Registration.

CLICK HERE  for Udyam Registration Online.