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MSME REGISTRATION
Udyam Registration in India or MSME Registration or SSI registration is a certificate that is provided to micro, small, and medium-sized businesses in India under the MSME Act, 2006. Udyam registration in India was earlier known as MSME registration. The primary objectives of the Micro, Small and Medium enterprises concerning the Udyam registration is as follows:
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To enable the Micro, Small and Medium enterprises on a large scale to effectively tackle the widespread problems of unemployment and poverty;
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To extend the benefits of various government schemes at one stop to the SSI units;
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To safeguard the SSI from financial harassment in the hands of the big industries.
Cost - 1999
The following documents are required for MSME registration:
1. Aadhaar card, PAN and e-mail id of 1 partner
2. PAN of company
3. Categorisation - manufacturing or services
4. Number of employees in the company
5. Previous years turnover
6. Mobile number which is linked to Aadhaar
7. Photograph of cheque book of the partnership firm/ Bank details
Also, the applicant needs to provide an OTP to the relationship manager before and after the process is completed.
FAQs
1. Who is eligible for Udyam registration in India?
Not all businesses require to obtain Udyam registration in India. The entities that are mentioned below that are classified as micro, small or medium enterprises based on the investment in plant and machinery are eligible for Udyam registration.
Classification of Enterprise
Classification . | Manufacturing Sector
Micro Enterprises | Up to Rs. 25 lakh investment in plant and machinery
Small Enterprises | Up to Rs. 5 crore investment in plant and machinery.
Medium Enterprises | Up to Rs. 10 crore investment in plant and machinery.
2. Is Aadhar mandatory for Udyam Registration?
Yes, Aadhar is mandatory for obtaining the Udyam registration.
3. What documents are required for Udyam Registration?
The user will have to provide their 12 digit Aadhar number, PAN Card, and the bank account details of the business for the registration process
4. What is the validity of Udyam registration?
The registration is valid till the existence of enterprises and there is no need to renew the registration.
5. Can I obtain more than one registration on the same PAN?
No, one cannot take more than one Udyam registration on the same PAN.
6. What is NIC code for Udyam Registration?
The NIC code is a business code that is provided by the government to track the business proceedings for the organization under the micro, small and medium enterprises.