Udyam Registration
Udyam registration is a process initiated by the government to provide recognition to a MSME (Micro, Small, Medium Enterprises) business in India.
This registration is necessary for those businesses which want to avail various benefits and schemes run and given by the government.
Who Can Apply for Udyam Registration?
Any business unit falling under the MSME category can apply, including:
Proprietorships
Partnerships
Private Limited Companies
Limited Liability Partnerships (LLPs)
Hindu Undivided Families (HUFs)
Benefits of Udyam Registration
Government Schemes:
MSMEs get preference in government tenders and access to credit-linked capital subsidies.
Easier Loan Approvals:
Collateral-free loans are available under government initiatives.
Tax and Compliance Benefits:
Businesses can avail of direct tax exemptions and reduced compliance requirements.
Subsidy on Patent & Trademark Registration:
MSMEs get up to 50% subsidy on patent and trademark registration fees.
Reduced electricity bills: Some states provide concessions on electricity charges for registered MSMEs.
Faster Dispute Resolution:
Enterprise-registered enterprises benefit from faster resolution under the MSME Resolution Scheme.
Classification of MSMEs
Classification of MSMEs is based on investment in plant and machinery and annual turnover:
|
Enterprise Type
|
Investment (Up to)
|
Turnover (Up to)
|
|---|---|---|
|
Micro
|
₹1 Crore
|
₹5 Crore
|
|
Small
|
₹10 Crore
|
₹50 Crore
|
|
Medium
|
₹50 Crore
|
₹250 Crore
|
1. For Udyam registration, first of all, you have to visit the official website of the National Single Windows System. https://www.nsws.gov.in/
2. Press the login button and choose the business login option, then click on the sign-up button located below.
after doing this, fill your required details, like full name, email, ID, mobile number and set password
3. Immediately after signing up, you will obtain an OTP that you need to use to validate your mobile phone and email ID.  After that, your account will be created, and you will have to use your email ID and the set password to login.
4. Once you log in, you will be prompted to enter your organization’s name, postal address, CIN number, date of incorporation, and director information. By filling out these details, you can continue the process and create your organization.
5. Following the creation of your organization, you will be required to finalize your organization’s profile. This involves entering additional business details, including your GST number and import/export code.
6. After completing the profile, you will see the option of Central Approval at the top of the menu given above. After clicking on it, you have to click on All Approvals, where you will start seeing the option of all registrations.
7. The central approval page features a search bar where you should input “msme” to include Udyam registration in your dashboard. After this step, return to your dashboard.
8. On the dashboard, you will see an approval list on the bottom side of the page that you have added. On its right side, an action button will be displayed, on which you can click and submit the required details.
9. Once you have submitted the final form, you will need to confirm your project using your organization’s digital signature before proceeding with the final submission.
10: After final submission, you will receive your Udyam registration certificate. Keep in mind that it may take some time for the certificate to arrive.
Document Required for Udyam Registration
- Company/Business Incorporation Certificate
- GST Certificate
- Pan Card of Company
- Director Identification Number
- IE CodeÂ
- Email ID & Phone Number
- Director KYC Document like Pan Adhar
- Organization Digital Signature (DSC)
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Yes, it is necessary for businesses that wish to avail MSME-related schemes and incentives. That said, there is no legal obligation for all organizations to adhere to this.
How We Help to Get Udyam Registration?
Should you want to register your business with Udyam, Bizlaw India is an excellent option to consider. You can contact them for support with the registration process.
