24-Sep-2021 | MSME
Know the Process of Udyam Registration & Benefits for MSMEs
Udyam Registration
is the process of MSME or UDYOG AADHAAR Registration launched by the Ministry
of Micro, Small and Medium Enterprises on July 1, 2020. The Ministry of MSME
Udyam portal is a self-declaration and a free of cost platform for
entrepreneurs/owners to get their enterprises registered. The Udyam portal is integrated
with the Income Tax and GSTIN systems and automatically pulls PAN and GST-linked
investment details.
An enterprise has been categorized as a micro, small and medium
enterprise based on the their investment and turnover amounts:
Type |
Investment |
Turnover |
Micro Enterprise |
Investment Amount ≤1
Crores |
≤5 Crores |
Small Enterprise |
Investment Amount ≤10
Crores |
≤50 Crores |
Medium Enterprise |
Investment Amount ≤50
Crores |
≤250 Crores |
Online Registration Process under Udyam Registration:
The MSME Udyam portal registration
is a simple and one-time process and can be done only through the Udyam portal.
The details required for registration under the Act are as follows:
Benefits of Udyam Registration for MSME: