In the notice S.O.2119(E) dated 26.06.2020, the Ministry of MSME Government of India launched the Udyam Registration instead of UAM, taking effect from 1st July 2020. The Udyam Registration is based on a composite set of investment and turnover criteria for identifying Micro, Small, and Medium-Sized Enterprises (MSMEs) for both newly established and pre-existing businesses.
A recognition certificate and permanent registration number will be issued after registration. Registration with Udyam is required to avail of the various benefits of the Ministry of MSME's schemes and programmes, such as the Credit Guarantee Scheme, public procurement policy, additional advantage in Government Tenders, and protection from delayed payments, etc. Following Udyam Certificate New Registration, an online licence with a QR code for business information is issued.
Once you have your Udyam Certificate, you can:
Udyam Registration is available to anyone interested in launching a micro, small, or medium-sized enterprise. In India, MSME Udyam registration is open to Single Person Companies, Ownerships, Partnership Firms, Private Limited Companies, Hindu Undivided Families (HUF), Limited Companies, Limited Liability Partnerships, Producer Companies, any association of persons, Co-operative Societies, and any other entity.
It is entirely up to the Entrepreneur to obtain Udyam Registration; it is not required. To take advantage of the numerous government benefits, it is recommended that most businesses pursue MSME registration as soon as possible after incorporation.
Registration for an Udyam Certificate is more than a formality; it is a calculated move that will thrust your small business into a world of growth, rewards, and recognition. Registration with Udyam lays the foundation for a prosperous future, whether you're a startup or an established MSME.
Are you prepared to embrace Udyam Certificate's benefits? Start your registration with msmeregistrar.net immediately and witness your business flourish in an environment rife with opportunities. Our dedicated staff can assist you if you have any concerns or require assistance with the registration process. Registration for the Udyam Certificate is the first step towards MSME success and an investment in your future prosperity.
Because they have a multitude of knowledge regarding company registrations and compliance issues, our devoted professionals are available to guide you through the MSME registration process. Permit our specialists to handle the complexities so that you can focus on business expansion and take advantage of the facilities and support made available to registered MSMEs in India.