The Udyam Registration is a government registration process in India that replaced the earlier system of MSME registration. It is aimed at facilitating and promoting the growth of micro, small, and medium enterprises (MSMEs) in the country. Here are a few points regarding the eligibility for Udyam Registration:
- Classification: The Udyam Registration is applicable to entities engaged in manufacturing or production of goods or involved in providing services. It includes micro, small, and medium enterprises.
Micro, Small, and Medium Enterprises: To be eligible for Udyam Registration, enterprises must fall under the following investment and turnover criteria:
a. Micro Enterprises: Investment in plant and machinery or equipment should not exceed INR 1 crore, and turnover should not exceed INR 5 crores.
b. Small Enterprises: Investment in plant and machinery or equipment should be more than INR 1 crore but not exceed INR 10 crores, and turnover should be more than INR 5 crores but not exceed INR 50 crores.
- c. Medium Enterprises: Investment in plant and machinery or equipment should be more than INR 10 crores but not exceed INR 50 crores, and turnover should be more than INR 50 crores but not exceed INR 250 crores.
- Valid Aadhaar Number: The applicant must have a valid Aadhaar number. In the case of a proprietorship, the Aadhaar of the proprietor is required. In the case of a partnership firm or a limited liability partnership, the Aadhaar of the authorized partner(s) is required.
- PAN (Permanent Account Number): The PAN of the enterprise or the individual holding the PAN is mandatory for Udyam Registration.
- Business Activities: The enterprise must be engaged in the activities as mentioned in the MSME Development (MSMED) Act, 2006.
It’s important to note that these points provide a general overview of the eligibility criteria for Udyam Registration. It’s advisable to refer to the official Udyam Registration portal or consult with a professional for detailed and up-to-date information based on your specific circumstances.
To complete the Udyam Registration process, you will typically need the following documents and information:
- Aadhaar Card: A scanned copy of the Aadhaar card of the proprietor or authorized partner(s) in case of a partnership firm or a limited liability partnership.
- PAN Card: A scanned copy of the PAN (Permanent Account Number) card of the enterprise or the individual holding the PAN.
- Business Address Proof: You will need to provide a scanned copy of the address proof for the business, such as a utility bill (electricity bill, water bill, etc.), property tax receipt, lease agreement, or any other valid document that establishes the address.
- Bank Account Details: You will need to provide the bank account number and IFSC code of the business account associated with the enterprise.
- Mobile Number and Email ID: A valid mobile number and email address need to be provided for communication and verification purposes.
- Business Activity Details: You will need to provide information about the business activities carried out by the enterprise, including the NIC code (National Industrial Classification) that corresponds to the primary activity of the enterprise.
It’s important to note that the specific document requirements and process details may vary, so it’s advisable to refer to the official Udyam Registration portal or consult with a professional for the most accurate and up-to-date information based on your specific circumstances.
Here is a step-by-step guide to Udyam Registration, which is the process of registering as a micro, small, or medium enterprise (MSME) in India:
- Gather Required Documents:
- Aadhaar Card of the proprietor/partners/directors.
- PAN Card of the enterprise or individual.
- Business address proof.
- Bank account details.
- Mobile number and email ID.
Visit the Udyam Registration Portal:
- Access the official Udyam Registration portal through the website: https://udyamonlineregistration.org/
- a. New User Registration:
- On the Udyam Registration portal, click on the “For New Entrepreneurs who are not Registered yet as MSME Registration.
- Enter your Aadhaar number and validate it through OTP verification.
- Fill in the required information to generate the registration form.
- b. Existing Udyog Aadhaar Memorandum (UAM) Conversion:
- If you have an existing UAM, select the “For those already having Udyog Aadhaar Memorandum” button.
- Enter your UAM details and validate it through OTP verification.
- Fill in the additional information required to generate the new Udyam Registration form.
- Provide the following information:
- Personal and Aadhaar details of the proprietor/partners/directors.
- PAN details.
- Name, type, and address of the enterprise.
- NIC code(s) corresponding to the primary business activity.
- Investment and turnover details for the enterprise.
- Verification and Submission:
- Review the details filled in the registration form.
- Correct any errors, if required.
- Submit the form along with the necessary documents as per the portal’s instructions.
- Generation of Udyam Registration Certificate:
- After successful submission, an acknowledgment number will be generated.
- The Udyam Registration Certificate will be issued in electronic form with a unique Udyam Registration Number (URN).
- MSME Database:
- The information provided during registration will be updated in the official MSME database.
It’s important to note that the Udyam Registration process may have additional steps or requirements based on your specific circumstances. It’s advisable to refer to the official Udyam Registration portal and consult with a professional for accurate and up-to-date information.
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