- +91 9370937792
- info@telfinoindia.com
MSME Udyam Registration
MSME Udyam Registration
PRICE:499/- 18%GST Extra
A Udyam registration certificate is necessary to obtain loans from banks and benefits provided under various schemes to MSMEs. The Udyam registration certifies that an enterprise is covered under the MSME category.
Benefits of Udyam Registration
Udyam Registration has been a game-changer for MSMEs in India, and the registration process offers the following benefits to the businesses for growth, innovation, and competition further. The major points are summarized below under heads:
Financial Benefits
Loans at lower rates of interest: A Udyam-registered enterprise will become eligible to obtain a loan with subsidised interest.
Collateral-free Credit: Most of the banks provide collateral-free credit to registered MSMEs under various government schemes.
Delayed Payment Protection: It gives protection under the MSME Development Act, 2006 and ensures timely payment from the buyers.
Who Can Apply?
Any business, whether it is an existing enterprise or a new one, can apply for Udyam Registration if it falls under the Micro, Small, or Medium Enterprise category as defined by the Government of India. The criteria are as follows:
Investment: Less than ₹1 crore in plant and machinery or equipment.
Annual Turnover: Less than ₹5 crore.
Investment: Less than ₹10 crore in plant and machinery or equipment.
Annual Turnover: Less than ₹50 crore.
Investment: Less than ₹50 crore in plant and machinery or equipment.
Annual Turnover: Less than ₹250 crore.
Documents Required for Udyam Registration
To complete the Udyam Registration process, certain documents need to be submitted to verify the business and ensure that it meets the eligibility criteria. The process is straightforward, and all documents are to be uploaded online. Below is the list of documents that are required for Udyam Certification:
- Aadhaar Card
For proprietorship: Aadhaar number of the owner. For companies/partnerships: Aadhaar number of the authorised signatory.
- PAN Card
Permanent Account Number for the business.
- Business Address Proof
Utility bill, rent agreement, or property papers.
- Bank Account Details
Bank’s name, Account number, and IFSC code of the organization.
- Financial Details
Investments made in plants, machinery or equipment, and annual turnover.
- Self-Declaration
Declare the correctness and authenticity of the provided information.
- Partnership Deed / Certificate of Incorporation
For partnerships, LLPs, or companies.