Udyam Registration is a crucial step for small enterprises in India to get them recognized as Micro, Small, and Medium Enterprises (MSMEs). Launched by the Government of India, Udyam Registration replaced the Udyog Aadhaar and issues a unique Udyam Registration Number (URN) to the enterprises. This registration enables small enterprises to avail multiple government schemes, subsidies, and financial help. Here's a complete guide on how small businesses can get their Udyam Registration Number.
What is Udyam Registration?
Udyam Registration is the new government recognition scheme for MSMEs. Upon registration, an enterprise is allotted a unique Udyam Registration Number and an e-certificate. The entire registration process is online and paperless, making it easy and convenient for entrepreneurs to register.
Enterprises are Categorized into 3 Types under MSME:
Micro Enterprises
Small Enterprises
Medium Enterprises
Classification is based on investment in plant & machinery or equipment and on annual turnover.
Eligibility for Udyam Registration
Any type of business undertaking, production, manufacturing, or providing services can file for the Udyam Registration. This includes:
Partnership Firms
Private Limited Companies
Limited Liability Partnerships (LLPs)
HUFs (Hindu Undivided Families)
Co-operative societies
The applications for new and existing businesses are open.
Documents Required
One of the major benefits of Udyam Registration is that it is a minimum documentation-based process. The minimum requirement is:
Aadhaar number of the business owner or the person authorized to sign
For different types of entities:
Proprietorship: Aadhaar of the proprietor
Partnership firm: Aadhaar ofthe managing partner
Company or LLP: Aadhaar of the authorised signatory.
In addition, organizations ought to have:
PAN number
GSTIN (if applicable)
The system automatically pulls other information from government databases, cutting down on paperwork.
Step-by-Step Process to Get Udyam Registration Number
Visit the Official Udyam Registration Portal.
Go to the official government website for Udyam Registration. Head over to udyamregistration.gov.in.
Enter Aadhaar Details
Enter the Aadhaar number and authenticate it with an OTP sent to the mobile number linked with Aadhaar.
Fill in Business Details
Enter details such as:
Name of the business
Type of organization
PAN & GST Details
Business location
Bank Details / Payment Details
Principal line of activity (manufacturing or services)
Details of Investment and Turnover.
The financial information is being automatically fetched from the Income Tax and GST databases by the portal.
Apply Now
After confirmation of all details, apply.
Get Udyam Registration Number
On successful submission, the business will receive a unique Udyam Registration Number along with an e-certificate on the registered e-mail id.
Advantages of Udyam Registration
Udyam Registration number has many benefits:
Access to bank loans has become easy and at lower interest rates.
Entitlement to government subsidies and schemes.
To guard against delayed payments.
Refund on the electricity bill, registration of a patent.
Preference in government tenders.
You Can Apply for Update Udyam Certificate Through Udyam Portal
Conclusion
Udyam Registration is one of the best solutions for MSMEs (small businesses) in India. The entire process is online, paperless, and straightforward, which will make it easier for the entrepreneurs to register and avail the benefits of formalization. Udyam Registration Number for MSME enables small enterprises to access a lot of financial and growth-related benefits. To boost its credibility and enhance its potentials in the competition market, every qualified company should register.
