Q1.What is the new registration process launched by the government for MSME?
On 1st July 2021, the Government of India launched the Udyam registration for Micro Small and Medium Enterprises which replaced the old registration process of MSME. Because the documentation process of MSME registration is very time-consuming and lengthy
To apply for new Udyam registration follow the steps:
You can apply for new Udyam registration by visiting here.
Applicants have to provide the name, mobile number, email ID as mentioned in the aadhar card issued from UIDAI.
The applicant has to provide the residential address as well as plant address with proper state, Pincode and District.
Type the name of the organization or business which you want to print on your Udyam certificate.
Applicants have to provide the PAN number, aadhar number and bank account details as mentioned in the passbook.
Q4. What are the benefits of Udyam registration for MSMEs?
There are various benefits available under Udyam registration for MSMEs are following:
Subsidy in Barcode registration, Easy collateral-free loan, Reimbursement on ISO certification, Reduction in electricity bill, Special consideration in trading and international trade fair and many more.
Q5. What is the difference between Udyog aadhar and Udyam registration?
The documentation process in Udyog aadhar is lengthy and time-consuming as compared to the Udyam registration to avoid the lengthy process of registration the government of India and the Ministry of MSME modified the Udyog Aadhar as the UDYAM registration.
Q8. Can traders apply for the Udyam registration ?
Yes, now traders can apply for the Udyam registration and get categorised as MSME which is written by the RBI to the banks that now wholesale and traders are also eligible to register on the Udyam portal.
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