Many small-scale firms or companies in India are not registered with the government, and as a result, they are unable to take advantage of the benefits provided by the MSME ministry of the central government.
Forgiving the benefits or the relaxations to the small-scale enterprises, the government of India introduced the Udyam registration, which is a registration issued by the Ministry of MSME under the government of India. This ministry has been established under the MSME act 2006. The HQ of MSME is in New Delhi.
The major goal of establishing this registration scheme is to simplify the registration process and provide advantages, benefits, and relaxations to businesses and their owners.
Prior to the GOI adopting this udyam registration, the registration process was not simple, and it was difficult to register an enterprise or corporation under the MSME ministry. There was a lot of documentation to give for the registration, and it took a long time.
Things have changed, and it is now possible to register with only one document, namely an Aadhar card.
If you own a firm or company that meets the MSME criteria and have not yet registered with the Udyam registration portal, you should do so to take advantage of the government of India’s benefits.
A number of small businesses have inquired about Udyam registration.
This registration, also known as MSME registration, is a government registration that provides you with a registration certificate as well as a unique number for micro, small, and medium-sized businesses (MSME).
The major goal of this registration is to make it easier for businesses or corporations to do business.
The second question that arises in the minds of the business owners is who is eligible for registration:
companies that work in the manufacturing or production sectors, as well as those that provide services. In a broader sense, businesses that do not engage in the import, export, or sale of goods are not eligible for Udyam registration.
In addition to the aforementioned requirements, the entities must also meet the following criteria in order to be registered:
As per the revised criteria:
Micro enterprises are businesses with an annual investment of less than Rs 1 crore and sales of less than Rs 5 crore.
Small businesses are those having an annual investment in the firm of less than Rs 10 crore and an annual turnover of less than Rs 50 crore.
Medium-sized businesses: the yearly investment should be less than Rs 20 million, and the annual turnover should be less than Rs 100 million.
After learning all of the requirements for Udyam registration, we may learn about the Udyam registration process:
The Udyam registration process is fairly straightforward, and the form-filling process is almost too simple to comprehend. The process does not take long to complete, and there are no fees associated with it.
To begin the registration procedure, go to the Udyam registration portal’s official website and select “new” from the drop-down menu.
The next step is to enter your personal information, such as your name and 12-digit Aadhaar number, and then click the “verify and create OTP” button. You will immediately receive an OTP on your registered mobile number, which you must enter.
Remarks: For the new enterprise’s registration, only an aadhar number is required; in the case of a proprietorship firm, the proprietor must supply this aadhar card number; in the case of a partnership firm, the controlling partner must provide this aadhar card number.
Validate your PAN card, then fill in the corresponding details, enterprise details, and bank details, select the district where this business must be operated, and accept the declaration; finally, click “submit and acquire final OTP.”
Tap on the final submission for registration after entering the “OTP.” After the government verifies your information, you will receive an E-registration document to your registered e-mail address.
The process to check the Udyam registration status :
Many perks under the MSME ministry for firms and startups can be found by visiting the Udyam registration portal.
Many of the businesses that have already registered with Udyam and are awaiting their Udyam certificate can be found in this special blog. I’ll explain how to check the status of your Udyam registration and print your Udyam registration certificate.
This Udyam registration can be viewed online at “msmeregistrar.org,” which is the official website.
You can easily check the status online on this udyam portal by following the simple steps below. Simply enter the acknowledgment number and you can verify it as well as print the udyam certificate.
The following is a step-by-step procedure for checking the status of your Udyam registration:
- To begin, go to the Udyam registration portal and,
- select “print Udyam certificate.”
- Next, enter the Udyam application number correctly,
- then select the registered mobile number or registered email id where you want to get the OTP.
- Finally, input the OTP in that application form.
- The status of your Udyam registration portal can be found here.
- You can quickly print your Udyam registration once it has been issued.
After completing the portal’s registration process, they are given a unique 16-digit number known as an Udyam registration number. You may now quickly download the Udyam registration certificate online or check the status of your Udyam registration using this registration number and otp.
This is the whole step-by-step procedure for checking the status of your Udyam registration on the Udyam registration portal.
If you haven’t already done so, go to the website and fill out an application for the Udyam registration portal.