A Complete Guide About Udyam Registration

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A Complete Guide About Udyam Registration
https//udyamregister.org/
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Table of Contents

• What is Udyam registration?
• Who is eligible to register under the Udyam
  scheme?
• What are the benefits of Udyam registration for
  small businesses?
• How can I apply for Udyam registration?
• Does Udyam registration provide any special
  benefits for women-owned businesses?
• What documents are required for Udyam
  registration?
• Is Udyam registration mandatory for all small
  businesses?
• What is the validity period of Udyam
  Registration?
• Conclusion

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About Us

• We are private consultancy and working as a udyam
  registration service provider. We have a well
  experienced team they will help you to get your
  udyam certificate. we provide service related to
  udyam along with the print application,
  re-registration and for more details do visit our
  website https//udyamregistration.co/

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What is Udyam Registration?

• Udyam registration is a simplified online
  registration process introduced by the Indian
  government for micro, small, and medium
  enterprises (MSMEs). It replaced the earlier
  registration process known as Udyog Aadhaar.
  Under Udyam registration, MSMEs can obtain a
  unique identification number called the Udyam
  Registration Number (URN), which serves as proof
  of their registration as an MSME entity. This
  registration provides various benefits and
  support to MSMEs, including access to government
  schemes, subsidies, loans, and other assistance
  aimed at promoting the growth and development of
  small businesses in India.

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Who is eligible to register under the Udyam
Scheme ?

• Under the Udyam scheme, the following entities
  are eligible to register
• Micro Enterprises Manufacturing or service
  enterprises with investment in plant and
  machinery or equipment up to Rs. 1 crore and
  turnover up to Rs. 5 crore.
• Small Enterprises Manufacturing or service
  enterprises with investment in plant and
  machinery or equipment between Rs. 1 crore and
  Rs. 10 crore and turnover between Rs. 5 crore and
  Rs. 50 crore.
• Medium Enterprises Manufacturing or service
  enterprises with investment in plant and
  machinery or equipment between Rs. 10 crore and
  Rs. 50 crore and turnover between Rs. 50 crore
  and Rs. 250 crore.
• The eligibility criteria are based on the
  investment in plant and machinery or equipment
  and the annual turnover of the enterprise. It's
  important to note that the classification of
  micro, small, and medium enterprises may vary for
  different sectors and industries.

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What are the benefits of Udyam Registration for
Small Businesses?

• Udyam registration offers several benefits to
  small businesses. Some of the key benefits are
• Access to Government Schemes and Subsidies
  Udyam-registered businesses have access to
  various government schemes, incentives, and
  subsidies aimed at promoting the growth and
  development of MSMEs. These include financial
  support, credit facilities, and assistance for
  technology adoption.
• Collateral-free Loans Udyam registration enables
  small businesses to avail collateral-free loans
  under various government schemes like Credit
  Guarantee Fund Trust for Micro and Small
  Enterprises (CGTMSE). This makes it easier for
  them to secure financial assistance for their
  business operations and expansion.
• Protection against Delayed Payments
  Udyam-registered businesses are protected under
  the Micro, Small and Medium Enterprises
  Development (MSMED) Act, which ensures timely
  payments for their goods or services. In case of
  delayed payments, they can seek recourse through
  the MSME Samadhaan portal.
• Preference in Government Tenders
  Udyam-registered businesses are given preference
  in government procurement processes. They have
  access to reserved tenders, which are exclusively
  meant for MSMEs. This enhances their chances of
  securing government contracts and projects.
• Concession in Trademark and Patent Fees Small
  businesses with Udyam registration can avail
  concessions in fees for filing trademarks and
  patents. This helps them protect their
  intellectual property at a reduced cost.
• Ease of Doing Business Udyam registration
  simplifies the compliance and regulatory
  processes for MSMEs. It reduces paperwork and
  streamlines the registration procedure, making it
  more convenient for small businesses to operate.
• Market Development Assistance Udyam-registered
  businesses can avail support for participation in
  international trade fairs, exhibitions, and
  buyer-seller meets through the Market Development
  Assistance (MDA) scheme. This helps them explore
  new markets and expand their business reach.
• These benefits contribute to the growth,
  competitiveness, and sustainability of small
  businesses, fostering an enabling environment for
  their development.
• Also Read udyam registration benefits

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How can I apply for Udyam Registration ?

• To apply for Udyam registration, you can follow
  these steps
• Visit the official Udyam registration portal
  (https//udyamregister.org/).
• Create an account by providing your Aadhaar
  number and verifying it through OTP (One-Time
  Password).
• Fill in the necessary details of your business,
  including the name, type of organization,
  address, and contact information.
• Provide the details of the person authorized to
  sign and represent the business.
• Enter the appropriate information regarding the
  classification of your business as micro, small,
  or medium enterprise based on the investment and
  turnover criteria.
• Provide the bank account details of your
  business, including the account number and IFSC
  code.
• Submit the self-declaration of the information
  provided.
• Review and verify the entered details for
  accuracy.
• Once the application is submitted, you will
  receive an acknowledgment containing the Udyam
  Registration Number (URN) and a digitally signed
  Udyam Registration Certificate.

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Does Udyam registration provide any special
benefits for women-owned businesses?

• Yes, Udyam registration offers special benefits
  and incentives for women-owned businesses.
• The government of India recognizes the importance
  of empowering women entrepreneurs and promoting
  their participation in the business ecosystem. As
  a result, various schemes and initiatives have
  been introduced to support and encourage
  women-owned enterprises. Some of the specific
  benefits for women-owned businesses under Udyam
  registration include
• Priority Sector Lending Banks and financial
  institutions provide priority sector lending to
  women-owned businesses, ensuring easier access to
  credit facilities and loans.
• Subsidies and Incentives Women-owned businesses
  may be eligible for specific subsidies,
  incentives, and financial assistance schemes
  offered by the government to promote their growth
  and development.
• Preferential Treatment in Government Tenders
  Women-owned MSMEs are given preference in
  government procurement processes, with reserved
  tenders exclusively for them. This provides them
  with increased opportunities to secure government
  contracts and projects.
• Skill Development and Training Programs Udyam
  registration provides access to various skill
  development and training programs specifically
  designed for women entrepreneurs. These programs
  aim to enhance their entrepreneurial skills,
  knowledge, and overall business capabilities.
• Mentoring and Business Support Women
  entrepreneurs can avail themselves of mentoring
  programs and business support services that
  provide guidance, mentorship, and technical
  assistance to help them navigate challenges and
  succeed in their ventures.
• These benefits aim to create an inclusive and
  supportive environment for women-owned
  businesses, enabling them to thrive and
  contribute to the economy. It is important for
  women entrepreneurs to take advantage of Udyam
  registration to access these special benefits and
  leverage the opportunities available to them.

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What documents are required for udyam registration

• The specific documents required for Udyam
  registration may vary depending on the type and
  nature of the business. However, generally, the
  following documents are commonly required
• Aadhaar Card The Aadhaar card of the applicant
  is necessary for individual entrepreneurs,
  partners, or directors of the business.
• PAN Card The Permanent Account Number (PAN) card
  of the business entity or the individual applying
  for Udyam registration.
• Business Address Proof Documents such as
  electricity bills, telephone bills, lease
  agreement, or property tax receipts that serve as
  proof of the business address.
• Bank Account Details The bank account details of
  the business, including the account number and
  the IFSC code.
• Ownership/Partnership Deed In the case of a
  partnership or proprietorship firm, the ownership
  or partnership deed is required.
• Certificate of Incorporation For companies or
  LLPs (Limited Liability Partnerships), a
  certificate of incorporation issued by the
  Registrar of Companies is necessary.
• Industrial Classification The appropriate
  Industrial Classification Code (NIC code) that
  represents the main economic activity of the
  business.
• It is important to note that these documents are
  general requirements, and additional documents or
  information may be required depending on the
  specific circumstances of the business. It is
  recommended to check the official Udyam
  registration portal or consult with the relevant
  authorities for the most accurate and up-to-date
  document requirements.

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Is Udyam Registration mandatory for all small
businesses ?

• Yes, Udyam registration is mandatory for all
  small businesses that wish to avail themselves of
  the benefits and privileges provided under
  various government schemes for micro, small, and
  medium enterprises (MSMEs). As per the MSME
  Development (Amendment) Act 2021, every existing
  and new MSME is required to register under the
  Udyam scheme.
• It is important to note that obtaining Udyam
  registration is voluntary. However, without Udyam
  registration, small businesses may not be able to
  access the advantages and support offered by the
  government exclusively to Udyam-registered
  enterprises. These benefits include financial
  assistance, subsidies, preferential treatment in
  government tenders, protection against delayed
  payments, and more.
• Therefore, while Udyam registration is not
  legally mandated for all small businesses, it is
  highly recommended to register to take advantage
  of the numerous benefits and opportunities
  available under the scheme.

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What is the validity period of Udyam Registration?

• The Udyam registration certificate does not have
  a specific validity period. Once a business
  obtains Udyam registration, it is considered
  valid unless there are any changes or updates to
  the information provided during the registration
  process. However, it is important to note that
  businesses are required to periodically update
  their information, such as turnover and
  investment in plant and machinery or equipment,
  based on self-declaration.
• Previously, under the Udyog Aadhaar registration
  system, businesses had to renew their
  registration every five years. However, with the
  introduction of Udyam registration, there is no
  specific renewal requirement mentioned. The
  registration is expected to remain valid unless
  there are significant changes that may affect the
  classification of the business.
• It is recommended for businesses to keep their
  registration details up to date and make any
  necessary updates if there are substantial
  changes in their operations or classification as
  per the Udyam scheme.

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Conclusion

• This guide has provided a comprehensive overview
  of Udyam registration, covering its definition,
  eligibility, benefits, application process,
  required documents, and its importance for small
  businesses. Udyam registration offers significant
  advantages, including access to government
  schemes, collateral-free loans, protection
  against delayed payments, preference in
  government tenders, and ease of doing business.
  It is a crucial step for small businesses seeking
  support and opportunities in India's competitive
  market.

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Contact us

• Helpline 91 - 7996130888 (please prefix 91
  before calling) Contact Within 1000 AM to
  500 PM , (Monday To Saturday)
• Email id care_at_udyamregister.org
• https//udyamregister.org/

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