Please Note : Govt has introduced concept of ‘Udyam Registration’ w.e.f. 01/07/2020 for existing registered under ‘EM-II’ & ‘Udyog Aadhar Memorandum - UAM’ as well as new MSME enterprises.

Udyam Registration - Benefits of Udyam Registration

Udyam Registration - Benefits of Udyam Registration

MSME registration more popularly known as Udyog Aadhaar Registration will be known as Udyam Registration. This Company registration will provide you with more benefits to enjoy Government Schemes. The notification says that hereafter, an MSME is called as Udyam. Accordingly, the registration process is going to be known as Udyam Enrollment Registration.
  • What Does Udyam Mean?
  • Who Needs Udyam Registration?
  • Benefits of Udyam Registration
  • Udyam Registration Maturity Date
  • Re-classification Of MSME Under Udyam Registration
  • Documents Required For Udyam Aadhaar
  • Registration Process Of Udyam
  • Registration of Existing Enterprises.

  • What Does Udyam Mean?

    Udyam is the new name Of Udyog Adhaar announced by the government as of July 01,2020. Prior to the notification it had been called as Udyog Aadhaar which is a twelve digit Unique Identification Number (UID) provided by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India for small and medium enterprises in India.

    Who Needs Udyam Registration?

    Any person who wants to ascertain a micro, small or medium enterprise (MSME) may file Udyam Registration online within the Udyam Registration portal, supporting self-declaration with no requirement to upload documents, papers, certificates or proof.

    Benefits of Udyam Registration

    There are various benefits of Udyam registration

    To avail the subsequent benefits MSME / Subsidies/ Low Interest Loans / Collateral Free Loans/etc, you have to register under new udyam Scheme provided by the Government.

    Udyam Registration Maturity Date

    As per the official announcement of Government Of India dated 26.06.2020, all existing MSME companies must register /convert to new udyam immediately. As per the announcement every business unit registered under MSME / Udyog Aadhaar shall be treated as a valid MSME upto 31st March 2021. And all existing MSME Companies must register/convert on or before 31st Mar 2021 to enjoy the MSME Benefits according to the new announcement.

    Re-classification Of MSME Under Udyam Registration

    Micro Business Unit : Any Micro, Small and Medium Enterprises (MSMEs) will now come under Micro units if they need investments upto Rs 1 crore and turnover of less than Rs 5 crore. Before the announcement, the definition was on investment criteria of up to Rs 10 lakh for Service MSMEs earlier and Rs 25 lakh for manufacturing.

    Small Business Unit: For an MSME to be defined as a Small unit, its investment limit has been raised from Rs 5 crore to Rs 10 crore with a turnover of less than 50 crore. This applies to any or all MSME's including the Service enterprises which earlier came under investment of up to Rs 2 crore.

    Medium Business Unit : Enterprises with investments up to Rs 50 crore with a turnover of less than Rs 250 crore will now be called Medium Business. Earlier, the investment limit for Medium units was up to Rs 10 crore and Service enterprises was up to Rs 5 crore.

    Documents Required For Udyam Aadhaar

  • In the case of a proprietorship firm, a Private Aadhaar Number is required.
  • In case of a Private Limited Company or a Limited Liability Partnership GSTIN and PAN together with its Aadhaar number.
  • PAN shall be filled up on self-declaration basis, just in case of an enterprise which is duly registered as an Udyam with PAN. In case there is any deficiency of data for previous years.
  • Udyam Registration shall not be filed over once by any companies or enterprises : Any number of activities including manufacturing or service or both is also specified or added in one Udyam Registration.

  • Udyam Registration Online Process

    The registration process for Udyam Registration online is simple and easy to follow.

    Registration of Existing Enterprises.

  • Already Existing Enterprises Shall Register Again on the Udyam Registration Portal on or after the first day of July 2020
  • All Enterprises shall be redirected as per New NotificationEnterprises existing or registered before 30th June 2020 shall continue to be valid for a period up to 31st March 2021.
  • Any MSME's which is registered with the other Organisation under MSME Shall register itself under Udyam Registration.

  • For any further discussions, talk to our Udyam registration expert. You can just fill the Udyam registration form @ to avail all the government benefits.

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