The Union Ministry of Micro, Small and Medium Enterprises (MSME) has introduced a new process of classification and registration of MSME Enterprises under the name of ‘Udyam Registration’ on July 01, 2020.

A micro, small and medium enterprise (MSME) is classified as below-

Classification	Investment in plant and machinery or equipment	Turnover
Micro enterprise	Not more than INR 1 Crore	Not more than INR 5 Crore
Small enterprise	Not more than INR 10 Crore	Not more than INR 50 Crore
Medium enterprise	Not more than INR 50 Crore	Not more than INR 250 Crore

Any person who intends to establish a micro, small, medium enterprise may file online Udyam Registration.

The Online Udyam Registration application process is based on self-declaration, and there is no further requirement to upload any documents, certificates, papers, or proofs. The user will only need to provide their 12-digit Aadhaar Number, Pan Card and Bank Account details of Business for the registration process.

You can compete your Udyam Registration by logging on to https://udyamregistration-msme.com

Fill the application form, submit and Make the payment

Our Experts will contact you for processing of your application.

Get your certificate on registered e-mail address.

The existing enterprises registered either under EM-Part – II or UAM or registered with any other organization under the Ministry of Micro, Small and Medium Enterprises are required to register again on the Udyam Registration Portal. Such enterprises are required to apply and obtain Udyam Registration on or after 1st July 2020.

The enterprises registered prior to 30th June 2020 should note the following points-

1. Such enterprises shall be re-classified based on the revised criteria notified under notification dated 26th June 2020;
2. Such enterprises registered prior to 30th June 2020 shall be valid only till 31st March 2021.

The enterprise already having the Udyam registration number needs to update its information. In case of failure, the enterprise would be liable for suspension of its status. The classification of the enterprise shall be updated based on the information collected from the income tax return or the goods and service tax return.

Following are some of the benefits of Udyam Registration: -

1. Easy Bank Loan upto 1 Cr without Collateral/ Mortgage under CGTSME scheme.
2. Special Preference in Procuring Government Tenders.
3. Discount on interest rate on Bank Overdraft (OD)*.
4. Concession in Electricity Bills*.
5. Protection against the delay in payment from Buyers.
6. Tax Rebates.
7. Discount on Government fees for ISO Certification, Bar codes, Trademark and Patent registration.
8. Fast Resolution of Disputes.

  *The schemes are subject to Bank and State Government policies.