UDYAM Registration

UDYAM Registration

Overview

Udyam Registration is the new process of MSME Registration launched by the Ministry of Micro, Small and Medium Enterprises on July 1, 2020.

The registration number follows the format UDYAM-XX-00-0000000, a permanent identity for your MSME.

Fintrix Advisory started with the simple idea that doing business in India should be very easy. We operate as a Business Registration Service Provider across Vasai-Virar, Mumbai, Navi Mumbai, Thane and Palghar.

Simple Pricing With Deliverables

Udyam Registration

₹1,500

  • End-to-end filing
  • Udyam Certificate download

Our Process

For UDYAM

01

Step 1

Aadhaar & PAN

Provide Aadhaar (proprietor / partner / director) and business PAN.

02

Step 2

Business Details

Office address, social category, bank A/c, commencement date, organisation type.

03

Step 3

Investment & Employees

Investment in plant & machinery, and number of male / female employees.

04

Step 4

OTP Validation & Certificate

Aadhaar OTP validation and instant Udyam Registration Certificate download.

Documents & Information Required

For UDYAM

Individual Details

  • Aadhaar number
  • Applicant name
  • Aadhaar-registered mobile number
  • Email ID

Business Details

  • Business name and PAN
  • Office address
  • Social category
  • Bank account number with IFSC
  • Date of commencement of business
  • Type of organization
  • Main business activity
  • Number of employees (male and female)
  • Investment in plant & machinery / equipment

Features

of UDYAM

Government Tender Access

Eligibility for special MSME-only tenders issued by Central and State Government bodies.

Lower Loan Interest

Lower interest rates on bank / NBFC loans, and easy collateral-free loans up to ₹1 crore.

Tax Rebates

Several tax rebates available exclusively to Udyam-classified enterprises.

Easier Approvals

Easier government approvals, licenses and registrations.

Subsidies & Concessions

Tariff and capital tax subsidies, industry-setup rebates, concessions on electricity bills.

Delayed-Payment Protection

Statutory protection against delayed payments from buyers under the MSMED Act and Income Tax Act.

Key Points

Things to know about UDYAM

Micro Enterprise: Investment ≤ ₹1 Cr & Turnover ≤ ₹5 Cr
Small Enterprise: Investment ≤ ₹10 Cr & Turnover ≤ ₹50 Cr
Medium Enterprise: Investment ≤ ₹50 Cr & Turnover ≤ ₹250 Cr

Frequently Asked Questions

Classification is based on a combined investment-and-turnover criteria, whichever category your business falls into based on the higher of the two:

  • •Micro: investment in plant and machinery up to ₹1 crore and turnover up to ₹5 crore.
  • •Small: investment up to ₹10 crore and turnover up to ₹50 crore.
  • •Medium: investment up to ₹50 crore and turnover up to ₹250 crore.

Exports are excluded while computing turnover. Once registered, classification updates automatically each year based on ITR and GST data filed for the previous financial year.

Ready to get started?

Get in touch with our team. We'll walk you through the process, the documents, and the pricing, no obligation.

Call +91 90041 66909

More in Tax & Compliances

GST

GST registration and monthly/quarterly return filing across India. Owned, rented and family-owned property cases covered. From ₹2,000.

ITR Procedure

The complete step-by-step procedure for filing Income Tax Returns in India, from document collection to verification.

ITR-1

ITR-1 / Sahaj filing for resident individuals with total income up to ₹50 lakh from salary, one house property and other sources. From ₹1,499.

ITR-2

ITR-2 filing for Individuals and HUFs not having income from profits and gains of business or profession. From ₹2,499.