What is Udyam Registration?

Udyam Registration is an official recognition provided by the Ministry of Micro, Small, and Medium Enterprises (MSME), allowing businesses to be classified under the MSME category. Previously, MSMEs were required to register under the Udyog Aadhaar system, but with the introduction of Udyam Registration in 2020, the process has been simplified and streamlined.

This registration serves as an essential tool for businesses to avail themselves of various government benefits, subsidies, and schemes aimed at the growth and development of MSMEs. The Udyam Registration process is entirely online and helps businesses establish their identity in the formal sector.

Eligibility for Udyam Registration

Udyam Registration is available to any micro, small, or medium enterprise that meets the following criteria:

• Micro Enterprises:
  • Investment in plant and machinery or equipment should not exceed ₹1 crore, and turnover should not exceed ₹5 crore.
• Small Enterprises:
  • Investment in plant and machinery or equipment should not exceed ₹10 crore, and turnover should not exceed ₹50 crore.
• Medium Enterprises:
  • Investment in plant and machinery or equipment should not exceed ₹50 crore, and turnover should not exceed ₹250 crore.

Documents Required for Udyam Registration

To complete the Udyam Registration, you will need the following documents:

1. Aadhaar Card: The Aadhaar number of the business owner (for individuals) or the authorized signatory (for companies).
2. PAN Card: The Permanent Account Number (PAN) card of the business.
3. Business Details: Information about the business, including its nature and type, bank details, and registration details (if any).
4. Investment Details: Information on the investment in plant and machinery or equipment and the annual turnover of the business.
5. GSTIN (optional): GST identification number (if applicable).

How to Register for Udyam?

The process for Udyam Registration is simple and entirely online:

1. Visit the Udyam Registration Portal:
   • Go to the official Udyam Registration portal (https://udyamregistration.gov.in/) to start the registration process.
2. Enter Your Aadhaar Number:
   • Provide the Aadhaar number of the business owner or authorized signatory to begin registration. You will need to authenticate your Aadhaar via OTP sent to your registered mobile number.
3. Provide Business Details:
   • Enter the details of your business, including the name, type, nature of activity, and contact information. Also, provide the necessary documents like PAN and GST details if applicable.
4. Investment and Turnover Details:
   • You will need to provide details regarding the investment in plant and machinery or equipment and the annual turnover of the business. This will determine your classification as a micro, small, or medium enterprise.
5. Self-Declaration:
   • You will need to provide a self-declaration regarding the accuracy of the information provided in the form. No further documents are required, and no fees are applicable for the registration process.
6. Submit the Application:
   • After entering all the required information, submit the application for processing. Upon successful submission, you will receive a registration certificate.