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Phone No: 0755-4059566 Mob No. +91- 9826335566
MSME stands for Micro, Small, and Medium Enterprises. Udyam Registration is the government’s official portal for registering these businesses. It provides a permanent identification number and an e-certificate to certify that your business falls under the MSME category based on your investment and turnover.
Any business entity, including Proprietorships, Partnerships, LLPs, and Private Limited Companies, can register. Eligibility is based on:
Micro: Investment $\le$ 1 Crore & Turnover $\le$ 5 Crores.
Small: Investment $\le$ 10 Crores & Turnover $\le$ 50 Crores.
Medium: Investment $\le$ 50 Crores & Turnover $\le$ 250 Crores.
Registered businesses enjoy several perks, including:
Collateral-free loans from banks.
Protection against delayed payments (buyers must pay within 45 days).
Subsidies on Patent registration and ISO certification.
Electricity bill concessions and lower interest rates on overdrafts.
Preference in Government Tenders.
The process is paperless and fully digital. You only need the Aadhaar Number of the proprietor (for a proprietorship) or the Managing Director/Partner (for companies/firms), along with the PAN card of the business entity. Your GST details and turnover are automatically pulled from government databases.
The Udyam Registration certificate has permanent validity, so there is no need to renew it every year. However, if your investment or turnover changes, the category (Micro/Small/Medium) is updated automatically through the linked ITR and GST data. AccountSewa can help you update your profile if your business details change.
As per the rules of the Bar Council of India, we are not permitted to solicit work or advertise. The information available on this website is provided solely for informational purposes and is accessed by the user voluntarily. Accessing or using this website does not create any lawyer client relationship or liability. Read more
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