Sign in

All About Udyam Registration

Udyam Guide
All About Udyam Registration

On July 01, 2020, the Union Ministry of Micro, Small and Medium Enterprises (MSME) launched a new classification and registration mechanism for MSME enterprises under the name 'Udyam Registration.'

New MSME Classification 

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

Documents Required 

The method of applying for an online Udyam Registration is based on self-declaration and there is no further obligation to submit any records, certificates, papers or proof.

For the registration process , the customer would only need to include their 12-digit Aadhaar number, Pan Card and Bank Account Business information.

Process to Apply for Udyam Registration 

Follow the below mentioned procedure:

Step 1: Go to the udyam online portal.

Step 2: Fill the form and upload the documents.

Step 3: Make payment for your applications online.

Step 4: your applications will be process.

Step 5: You will get the udyam certificate in few hours.

Benefits of applying 

Some of the advantages of Udyam Registration are below

  • Quick bank loan without collateral/mortgage up to 1 Cr.
  • Unique preference in government tenders.
  • 1 percent Interest rate exemption on Bank Overdraft (OD)
  • Electricity and Water Bills Concession.
  • Defense against buyers' delay in payment
  • Tax Discounts

checkout more benefits of udyam registration 

I hope so you will get all your queries solved in this article if not then please contact us through our udyam registration portal.

Udyam Guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more