Quickly get Udyam Registration for your MSME. We help you to file for MSME Registration with the Ministry of Micro, Small & Medium Enterprises to avail several incentives, benefits & Concessions as a registered MSME.
MSMEs or micro, small, and medium enterprises are the backbones of developing economies like India. These businesses operate on a smaller scale with a limited amount of capital investment. However, the fact that these are mostly labour intensive, makes them quite significant from the perspective of employment generation in an economy. It is for this reason that the Government consistently aims to nudge the growth of MSME industry in India.
This is the purpose behind introducing MSME Registration as well!
MSME Registration, popularly known as Udyam Registration, must be obtained by all enterprises that qualify as MSMEs under the definition mentioned in the MSMED Act. With this registration, MSMEs can avail the benefits of government schemes initiated for their growth and development. Udyam Registration is the replacement of the older UAM registration for MSMEs, which in turn was the replacement of the EM II registration for MSMEs. Hence, Udyam Registration is mandatory for enterprises that qualify as MSMEs but have never obtained the MSME registration, or have obtained the old EM II or UAM registrations. To obtain the Udyam Registration, you can customize a package with us.
UDYAM or MSME Registration @ ₹ 1,499/-
Consultation with Our Expert
Eligibility Check for MSME
Preparation of Udyam Application
Filing of Udyam Application
Keeping Track of Application
Issue of MSME Registration
* Our Professional Fee Only, Govt fee & Taxes on actual
If you have an MSME registration in India, you can easily avail of collateral-free loans from various financial institutions under the credit guarantee scheme for MSMEs.
Overdraft Interest subvention
As a registered MSME, you can also avail of an interest subvention of 2% on your overdrafts, up to a limit of Rs.1 crore. This will help reduce the overall cost of your borrowing drastically.
Subsidy on Patent Registration
If you are an MSME in India, you can get up to 50% subsidy on patent registration fees. This can help to encourage innovation and protect the intellectual property of small businesses
Industrial Promotion Subsidy
If you are an MSME registered in certain states in India, you can avail of industrial promotion subsidies, which can help to reduce the cost of setting up and running a business.
Timely Payment by Buyers
The government has implemented various measures to ensure that buyers make timely payments to MSMEs on the purchase of goods or services from them.
Free ISO Certification
If you have an MSME registration, you can get free ISO certification from the government, which can help to improve your credibility and competitiveness in the market.
MSME Registration Eligibility Criteria in India
To obtain Udyam Registration, MSMEs must qualify the conditions set forth in the MSMED Act. These conditions define micro, small and medium enterprises on the basis of their net turnover and net investment.
Micro Enterprise: Net investment in plant and machinery or equipment up to Rs. 1 crore and net turnover ≤ Rs. 5 crores
Small Enterprise: Net investment in plant and machinery or equipment ≤ Rs. 10 crores and net turnover ≤ Rs. 50 crores
Medium Enterprise: Net investment in plant and machinery or equipment ≤ Rs. 50 crores and net turnover ≤ Rs. 250 crores
Net Turnover : Export Turnover excluded from the overall turnover in a Financial Year
Net Investment : Investment in Research, Pollution Control, and safety device installations excluded from the overall investment in Plant, Machinery, & Equipment in a Financial Year.
MSME Registration Process Step by Step
STEP 1 – Documentation
The Udyam Registration Process is incomplete without the submission of the prescribed documents. In fact, submitting inadequate or incorrect documents can lead to a complete rejection of the application. So we strongly recommend that you should ensure the possession of all MSME registration documents beforehand, to avoid any hindrance later.
STEP 2 – Select the type of MSME Registration Online
The next step in the registration process of MSME is to visit the Udyam Registration Portal and select the type of registration that needs to be undertaken. The options include:
For New Entrepreneurs who are not registered yet as MSME or those with EM II registration
For those already having registration as UAM
For those already having registration as UAM through Assisted Filing
STEP 3 – OTP-based verification of PAN & Aadhar
The Aadhar & PAN of the applicant (if the 1st option is chosen) or the Udyog Aadhar of the MSME (if the 2nd or 3rd option is chosen), are verified using OTP, sent to the mobile number or e-mail ID mentioned in these documents.
STEP 4 – Fill out the Udyam registration form
After the verification of the documents are completed, the registration form is required to be filled out with the correct details of the MSME and its owners.
STEP 5 – Submission of the Udyam registration form
After the Udyam registration form is filled out completely, a second OTP shall be sent on the mobile number mentioned in the application. This will only be applicable to new registrations. After submitting the OTP, the applicant can finally submit the registration form.
STEP 6 – Issuance of MSME Registration Certificate/Udyam Registration Certificate
After the successful submission of the Udyam registration form, it shall be processed by the concerned authorities at the Ministry of MSMEs. If all details and documents are found to be correct, the MSME Certificate/Udyam Certificate and the MSME Registration Number will be issued. Using the MSME/Udyam Registration Number you can check your Udyam Certificate status online.
Documents Required for MSME Registration in India
A. For those newly registering as MSME
B. For those which already have UAM registration
PAN card of the applicant
Aadhar card of the applicant
Udyog Aadhar card of the enterprise
How Setindiabiz Help You with MSME Registration!
Udyam Registration for MSMEs with Setindiabiz is an extremely easy and affordable process. Our team of qualified and skilled CA, CS, and paralegal experts will assist you at every single step. You can subscribe to our all-inclusive package providing end-to-end services of MSME registration including:
Consultation with our MSME expert
Assisting you throughout the Udyam registration application process
Tracking application status till MSME Certificate is issued
Well, what are you waiting for? Talk to our MSME advisors and begin the journey of your MSME formation with utmost ease and effortlessness.
Frequently Asked Questions About MSME Registration
No, MSME registration is not mandatory for eligible enterprises. However, since MSME registration entitles eligible enterprises to avail a number of financial benefits offered by the government in the form of various schemes and initiatives, it is always recommendable that such enterprises obtain MSME registration as soon as possible.
Business structures eligible for MSME registration include Sole Proprietorships, Partnership Firms, Hindu Undivided Family, Association of People, Co-operative Societies, Trusts, Companies and Public Sectors Undertaking.
No amount of MSME registration fees is charged by the Government. You only have to pay the professional fees if you’re outsourcing the services of MSME registration of your enterprise to a third party.
The Udyog Aadhar number is a 12-digit unique Identification number allotted to businesses that qualify as MSMEs according to the MSMED Act. To obtain an Udyog Aadhar the applicant / entrepreneur needs to visit the online Udyog Aadhar portal and file the prescribed form along with a scanned copy of his own Aadhar card. After the application is successfully processed, the Udyog Aadhar is issued to the applicant by the concerned authority.
The meaning or definition of MSMEs and SSIs vary under law. While businesses across sectors and industries can be classified as MSMEs, only manufacturing and service based businesses can be classified as small-scale industries in India. Moreover, the threshold limits of investments are also different for the classification of MSMEs and SSIs. However, both MSMEs and SSIs are registered in exactly the same manner and their applications are filed in the exact same forms.
To update the details mentioned in the Udyog Aadhar online, you can visit the Udyog Aadhar portal, and click on the “Update Udyog Aadhar” tab. You will be directed to a page that will ask your Udyog Aadhar number, and an OTP based verification will be conducted on your mobile number and e-mail ID. After the successful verification, an acknowledgment number is generated. You can use this number to check Udyog Aadhar status online.
No, each MSME can obtain only one MSME registration. There is no requirement for multiple MSME registrations, even if the business is carrying out multiple activities or has multiple branch units. However, all business activities and branches of the enterprise have to be mentioned in the application for MSME registration.