Published On: Feb 4, 2023 • Last Updated: Mar 21, 2023 • 3.6 min read •
Udyam registration, also known as MSME registration is a government initiative for micro, small and medium enterprises (MSMEs) in India. The registration process, which is completely online and free of government charges, enables MSMEs to obtain official recognition and provides them with several benefits, including easier access to credit and a stronger presence in the business community. In this article, we will provide a comprehensive guide to the Udyam registration process.
Steps for Udyam Registration Process
Step 1: Understanding Eligibility Criteria
Before you begin the Udyam registration process, it is important to understand the eligibility criteria. To be eligible for Udyam registration, your enterprise must meet the following criteria:
Firstly, your enterprise must be a micro, small or medium enterprise as defined by the Ministry of Micro, Small and Medium Enterprises (MSME).
Secondly, your enterprise must be engaged in the relevant sector.
Thirdly, your enterprise must be located in India.
Step 2: Filling Udyam Registration Form
To get your Udyam Registration/MSME certificate, you have to fill out the Udyam registration form. To fill out the form you have to:
The first step of the Udyam registration process is to visit the Udyam registration portal. Once you’re there, click on ‘For New Entrepreneurs who are not Registered yet as MSME or those with EM-II’ at the front of the page.
This will take you to a new page. Enter your Aadhar number and linked mobile number. And click on validate and generate OTP.
You will receive an OTP at your associated mobile number. Insert OTP in the box and click on validate
After that, you have to select the type of business or organisation you have, enter your PAN number, check the box and click on ‘PAN validate’. Once it’s validated, click on continue.
Finally, this will take you to the Udyam registration form. The form requires you to fill in several details. This includes:
Your phone number
Your Email Id
Your GSTIN if you have one
Name of your enterprise
Details about your plant and machinery
Details about the number of workers
Details of your enterprise’s turnover
Your NIC codes
Details about your gender and social category
Location of your plant/unit. Etc.
Fill the form and click on ‘Submit & get final OTP’. Insert the OTP that you receive on your mobile number and click on validate. This is the last step of Udyam registration process.
Once the registration is successful, you will receive a message on your mobile number and email id stating your registration number.
You will also receive a softcopy of your UR/MSME certificate via email. You should download and print the same.
In conclusion, the Udyam registration process is a simple and straightforward process. There are many benefits of Udyam registration for micro, small and medium enterprises in India. By following the steps outlined in this article, you can obtain official recognition for your enterprise and enjoy the benefits that come with it, including easier access to credit and a stronger presence in the business community. With its online and free of government fees, the Udyam registration process makes it easy for MSMEs to obtain the recognition they deserve and contribute to the growth of the Indian economy.