UDYAM CONSULTANCY | MSME UDYOG AADHAR CERTIFICATE

Eligibility Criteria for Udyam :

The definition of an MSME for Udyam in India was revised on July 1st, 2020. The specific criteria are as follows:

Micro Enterprise:
• Investment in plant and machinery or equipment: Up to Rs. 1 crore
• Annual Turnover: Up to Rs. 5 crore

Small Enterprise:
• Investment in plant and machinery or equipment: Up to Rs. 10 crore
• Annual Turnover: Up to Rs. 50 crore

Medium Enterprise:
• Investment in plant and machinery or equipment: Up to Rs. 50 crore
• Annual Turnover: Up to Rs. 250 crore

Enterprise Type	Investment	Annual Turnover
Micro Enterprise	INR 1 crore or less	INR 5 crores or less
Small Enterprise	INR 10 crores or less	INR 50 crores or less
Medium Enterprise	INR 50 crores or less	INR 250 crores or less

Process for Online Udyam

The Udyam portal process is quite easy and simple. Follow the below Steps and get the udyam certificate in a few clicks.

• Visit the website of the Udyam portal.
• Next, provide all the required details, personal & business like name, Mobile no, email, enterprise address, Aadhar details, bank account, name of business, etc.
• Now check both boxes to agree with the website's terms and conditions.
• Click on the “Submit Application” button.
• The payment window will appear after the successful Submission of the online application form.
• Now one of our team experts will contact you to initiate the further process, and once the udyam certificate is generated, it will be delivered to your registered email.

Once a business/applicant completes the Udyam process, they receive a certificate containing the 16-digital unique number i.e. Udyam Number, which is valid for the lifetime of the entity unless it exceeds the criteria set for MSME classification. This number should be mentioned in all official documents and correspondence related to the company to take advantage of the benefits associated with MSME status.

Benefits of udyam portal:

Udyam is a process introduced by the Indian government to support micro, small, and medium enterprises (SMEs). It offers several advantages to businesses. Here are some of the key benefits:

Recognition and credibility:

Once your business is registered under Udyam, it is recognized as a micro, small, or medium enterprise. This recognition can increase your credibility with customers, suppliers, and financial institutions.

✔ Access to government subsidy programs: Businesses registered with Udyam can avail of various government programs, subsidies, and incentives. These programs are designed to provide financial assistance, skill development, and technology upgrades to promote business growth and success.

✔ Easy access to finance: Udyam portal simplifies the process of obtaining loans and credit from banks and financial institutions. Lenders often give preference to registered companies due to their government-sponsored status, making it easier to access funds for expansion or working capital.

✔ Priority in public procurement: Government agencies give preference to Udyam-registered companies in their procurement processes. This preference can open up new opportunities for contracts and projects with government agencies, increasing business revenues.

✔ Reduced interest rates: Some financial institutions offer lower interest rates on loans to Udyam-registered companies. These preferential rates help reduce the cost of borrowing, making it more affordable for businesses to invest in growth initiatives.

✔ Exemption from certain taxes and duties: Businesses registered with Udyam can be exempted from various taxes and duties such as GST (Goods and Services Tax) and customs duty. These exemptions reduce the tax burden on businesses and improve their profitability.

✔ Facilitated dispute resolution: Udyam portal provides access to the arbitration and dispute resolution mechanisms set up by the government. In case of disputes or complaints related to payments or contracts, companies can seek a solution through these channels and thus avoid lengthy court proceedings.

✔ Promotion and marketing support: The government promotes Udyam-registered businesses through various initiatives and platforms. This can help reach new customers and markets, thereby expanding the reach of the business and increasing sales opportunities.

Udyam portal offers a range of benefits that can contribute to the growth and success of small and medium-sized enterprises. From financial support to improved market access, it offers valuable opportunities for businesses to compete in today's marketplace.

Who can Apply for Udyam ?

Udyam portal provides a streamlined process for individuals and entities who wish to set up micro, small, or medium enterprises (MSMEs) in India.

1. Proprietorships: Individuals who independently own and operate a business can apply for Udyam.
2. Hindu Undivided Family (HUF): Businesses formed by members of a Hindu Undivided Family can register under Udyam.
3. Partnership firm: Udyam is applicable for businesses run by multiple partners under a partnership agreement.
4. One-Person Company (OPC): Sole proprietors who wish to register their one-person companies can use Udyam.
5. Private Limited Company: Companies with limited liability, typically having multiple shareholders, can apply for Udyam.
6. Public Limited Company: Public limited companies and other limited liability companies can register with Udyam.
7. Producer companies: Companies primarily engaged in the production, procurement, and marketing of agricultural produce can register under Udyam.
8. Limited Liability Partnership (LLP): Limited liability partnerships for their partners are eligible for Udyam.
9. Any association of persons: Groups of individuals or entities coming together for a common purpose can apply for Udyam.
10. Cooperative societies: Societies formed by individuals with common economic and social objectives can register under Udyam.

Why Choose Us :

The experts at Udyamregister.org support MSMEs in registering their businesses under the Udyam scheme by providing personalized guidance and support throughout the registration process. They help in understanding the eligibility criteria and the required documents, making it easier for MSMEs to collect the necessary information. The team of experts is available to MSMEs for any questions or concerns and can provide clarifications on the registration process. They will also help with the correct completion of the online registration form and ensure that all details are entered correctly.