Udyam Registration is an official process established by the Ministry of Micro, Small, and Medium Enterprises (MSMEs), Government of India, to formally register micro, small, and medium enterprises (MSMEs). Implemented on July 1, 2020, this system replaced the previous Udyog Aadhar Memorandum (UAM).
Udyam Registration classifies enterprises based on investment and turnover criteria, unifying all Micro, Small, and Medium Enterprises under the MSME category.
About Udyam Registration Portal
The Udyam Registration Portal is an online platform developed by the Ministry of Micro, Small, and Medium Enterprises (MSMEs), Government of India, for the registration of micro, small, and medium enterprises (MSMEs). The portal was introduced to streamline the registration process and provide a single-window solution for MSME registration.
The Ministry of MSME, Government of India, introduced the Udyam Registration through notification S.O.2119(E) dated June 26, 2020, effective from July 1, 2020. This registration replaces the previous UAM system and is based on a composite criterion of investment and turnover for classifying Micro, Small, and Medium Enterprises (MSMEs), applicable to both new and existing enterprises.
Key Features of Udyam Registration Portal
- Online Application: The portal allows entrepreneurs to register their enterprises online, eliminating the need for physical paperwork and visits to government offices.
- Self-Declaration: The registration process is based on self-declaration, meaning that applicants do not need to upload documents or certificates initially. This simplifies the process and reduces administrative burdens.
- Permanent Udyam Registration Number: Upon successful registration, each enterprise is assigned a unique Udyam Registration Number, which serves as a permanent identity for the enterprise.
- E-Certificate: After completing the registration, an e-certificate known as the Udyam Registration Certificate is issued. This certificate serves as proof of registration and can be used to access various government benefits and schemes.
- Unified Classification: The portal classifies enterprises based on their investment and turnover, aligning with the new criteria introduced on July 1, 2020. This helps in accurately categorizing enterprises as micro, small, or medium.
- Access to Benefits: Registered enterprises can avail themselves of various government schemes and benefits designed to support MSMEs, including financial assistance, subsidies, and incentives.
- User-Friendly Interface: The portal is designed to be user-friendly, providing clear instructions and easy navigation to assist applicants throughout the registration process.
Udyam Registration Eligibility Requirements 2024
Any business entity that meets the specified turnover and investment limits (in equipment and machinery) for MSMEs in India is eligible for the Udyam registration certificate. The table below outlines the criteria that a business must fulfill to qualify as an MSME in India:
| Type of Enterprise | Investment Criteria | Annual Turnover Criteria |
|---|---|---|
| Micro | Does not exceed ₹1 crore | Not exceeding ₹5 crore |
| Small | Does not exceed ₹10 crore | Not exceeding ₹50 crore |
| Medium | Does not exceed ₹50 crore | Not exceeding ₹250 crore |
Complete Guide to Udyam Registration and Certificate Download
To access the benefits outlined, you must first complete the Udyam registration for your business. Upon successful registration, you will receive an Udyam Registration Certificate. Here is a step-by-step guide to help you through the Udyam registration process:
STEP 1: Visit the Official Website of Udyam registration portal https://udyamregistration.gov.in/Government-India/Ministry-MSME-registration.htm.
STEP 2: Click on the ‘New Registration‘ tab on the homepage to open the registration form.
STEP 3: Input your Aadhar card number and PAN card number. Validate these details by entering the OTP sent to your mobile.
STEP 4: Choose your type of business or organization and enter the business PAN number linked to your accounts.
STEP 5: Fill in all required information accurately. Review your details thoroughly before submission.
STEP 6: Submit the form and validate it by entering your mobile number and the OTP received.
STEP 7: Upon successful registration, a ‘Thank You‘ message will be sent to your mobile and email, along with your Udyam registration number.
STEP 8: Download and print your Udyam Registration Certificate from the portal.