MSME/Udyam registration is an initiative by the Government of India to give legal and operational identity to micro, small, and medium businesses in India. Udyam registration was previously known as MSME registration or Udyog Aadhar registration and is governed by the MSME (Micro, Small, and Medium Enterprise) Development Act, 2006. In 2020, the registration process was changed from Udyog Aadhar registration to Udyam registration in order to simplify the registration process and help businesses accelerate growth. The entire process is online and based on self-declaration. All registered businesses can take the benefits granted under the MSME scheme. This includes many financial benefits such as easy loan facilities, hassle-free registrations, additional edge in Government Tenders, protection against delayed payments, etc.
Advantages of MSME/Udyam Registration:
- Easy loan facility
- Hassle free registrations
- Rebate on TM and Patent application
- Concession rate on various utility bills
We at Wise Tax Filings make it easy and inexpensive to register your MSME. With expert support along with timely and accurate filings, we have made it hassle free for you to get started.
Documents Required for MSME/Udyam Registration:
Aadhar Card
A Copy of the proprietor’s Aadhar card or of director(s) or partner(s) in other cases for Udyam Aadhar Registration.
PAN Card
A Copy of PAN card of the business entity; or of individual in case of proprietorship firm.
GSTIN of business
GST Number Certificate issued by the GST Department to a business if applicable.
Bank Account Details
The passbook or Cancelled cheque of the bank account is must.
Proof of Type of Business
Certificate of Incorporation or Registration Certificate mentioning the type of business.
Major Business Activities Proof
Sales Invoices or proforma invoices to know the major activities done by the business.
MSME/ Udyam Eligibility Criteria:
Businesses whose investment in plant and machinery is not more than ₹1 crore and the annual turnover is not more than ₹5 crores.
Micro Enterprises
Entities whose investment in plant and machinery is not more than ₹10 crores and the annual turnover is not more than ₹50 crores.
Small Enterprises
Businesses whose investment in plant and machinery is not more than ₹50 crores and the annual turnover is not more than ₹250 crores.
Medium Enterprises
Get MSME in 3 easy steps:
1. Answer quick questions
Pick a package that best fits your requirements. It takes less than 5 minutes to fill our questionnaire. Provide basic details & documents required for registration along with making payment.
2. Experts will be there to help
A relationship manager will be assigned to assist you for reconciliation of the information.
3. Your registration is filed.
It only takes 2 working days!
Day 1 – Collection
- Discussion and consultation for the requirement
- Collecting the required documents
Day 2 – Execution
- Preparation and verification of Application
- Registering the application with Ministry of MSME
- Certificate of Udyam registration
Frequently Asked Questions:
Who can apply for Udyam registration?
Any sole-proprietor, partnership firm, HUF, company, limited liability partnership firm, trust or society whose plant and machinery investment is below INR 50 crores and has a turnover of less than INR 250 crores are eligible for Udyam registration.
What is a Udyam registration certificate?
Udyam registration certificate is a certificate provided to all Udyam registered entities. It is provided as a downloadable pdf/soft copy by the Government on the registered email id of the applicant or entity. The certificate is available on Udyog Aadhar portal. And can be downloaded using the applicant’s Aadhar number.
Do you have to apply for renewal for Udyam Registration?
No, you do not have to renew your Udyam registration. It’s a permanent registration, it stays valid for as long as the registered business exists.
More Questions? Our Experts are here to help, fill out the form on this page or
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