MSME stands for Micro, Small, and Medium Enterprises, and they play a pivotal role in the economic and social development of many countries, including India. These enterprises are typically characterized by the amount of investment in their plant and machinery or equipment.
|Investment in Plant & Machinery
|≤ 1 Crore
|≤ 5 Crore
|≤ 10 Crore
|≤ 50 Crore
|≤ 50 Crore
|≤ 250 Crore
Get the business name availability status directly on WhatsApp
Go to the official Udyam Registration portal.
Enter the Aadhaar number and other required personal and business details.
The details are validated via an OTP sent to the mobile number linked with Aadhaar.
Provide information about the investment in plant and machinery/equipment and the annual turnover of the enterprise.
After the final submission, a registration number is generated and the Udyam Registration Certificate is issued.
Easier access to credit and eligibility for various loan schemes, including collateral-free loans under the Credit Guarantee Trust Fund for Micro and Small Enterprises (CGTMSE).
Possible eligibility for a concession in interest rates compared to regular loans.
Various tax rebates and exemptions under the Income Tax Act.
Priority in procuring government tenders and exemption under direct tax laws.
Access to various government schemes and incentives, such as subsidies, capital investment subsidies and power tariff subsidies.
Therefore, Udyam has replaced the previous registration platforms and streamlined the process, while the core concept of MSME registration and its benefits remain the same.
|Udyam Registration Certificate
|Process of registering as an MSME
|Proof of MSME registration
|Access government benefits
|Unlock benefits for registered business
|Done through Udyam portal
|Issued after successful Udyam registration
|Lifespan of the business
|No renewal required
|Business details and registration number
While MSME registration is not mandatory, it is beneficial as it offers a range of benefits including credit at lower interest rates, eligibility for various government schemes and more.
Benefits include priority lending, tax exemptions, power tariff subsidies, capital investment subsidies, and other support in terms of technology upgradation, marketing and infrastructure.
As per the latest notifications, traders are not eligible for MSME registration. It is primarily for manufacturers and service providers.
The MSME Samadhaan portal is an online platform where MSMEs can file complaints related to delayed payments by their buyers and seek redressal.
The MSME sector contributes significantly to the GDP, exports, and employment generation in India. It plays a crucial role in the economic and social development of the country.
Yes, there are several schemes like the Mahila Udyam Nidhi Scheme, Annapurna Scheme, and Stree Shakti Package for women entrepreneurs, offering financial assistance and lower interest rates.
Under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), MSMEs can avail of collateral-free loans from banks, with the trust providing a guarantee to the lender.
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