Udyam New Process For Registration Under MSME In India
The government of India has introduced the new process for registration for micro, small and medium enterprises (MSME) under the name of Udyam Registration on July 1, 2020. Indian Government has circulated the notification issued by the Ministry of MSME on 26th June 2020 regarding micro, small and medium enterprises (MSME) will now be known as Udyam.The new registration process will be started from 1 July 2020 onwards. The MSME registration process has now become more easy after the introduction of Udyam registration.
The ministry of MSME has now launched the new web portal for Udyam registration purposes. After the release of udyam registration, entrepreneurs who want to start their own business make the registration process easier. Under this portal, entrepreneurs will get all the guides regarding the udyam registration process.
Classification of the Enterprise under MSME Udyam Registrations
MICRO: Business whose investment in plant and machinery is less than Rs 1 Crore and Annual turnover should be less than 5 Crore.
SMALL: Business whose investment in plant and machinery is less than Rs 10 Crore and Annual turnover should be less than 50 Crore.
MEDIUM: Business whose investment in plant and machinery is less than Rs 50 Crore and Annual turnover should be less than 250 Crore
What are the Benefits of Udyam Registration
The registration process now becomes easier for entrepreneurs who want to start their own business.
It provides lots of business opportunities.
It encourages the citizens of India to start their own business and helps in economic development.
There is no need of registration renewal under Udyam Registration.
Now the registration process has become Simple under udyam registration and it is fully online based and paperless procedure.
There is no need for documentation required for Udyam registration.
How to Register for Udyam Registration?
The Udyam Registration process has now become more easy and simple by following the steps:
Step 1: First go to the Udyam Registration web Portal Website.
Step 2: Fill all the details asked on the Udyam Registration Form and make sure that the detail provided by you should be correct.
Step 3: Now make an online payment for your Udyam registration Application.
Step 4: Once the registration executives will forward your Udyam registration process application.
Step 5: You will receive the certificate of Udyam registration on your registered email address after 1-2 hours.
Document Needed for Udyam Registration
According to the Ministry of Micro, Small and Medium Enterprises (MSME) not a single documentation or proof is required for registration under udyam. It is a fully online based and paperless procedure. The user will require a 12-digit biometric Aadhaar number for the completion of the registration process. PAN And GSTIN documentation is also required in case of company registration.
For further queries, you can contact our Udyam registration customer care. For availing all the government benefits just fill the form Udyam registration form @ msmeregisteration.org