MSME/Udyam Aadhar – Empower Your Business
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the Indian economy, significantly contributing to employment and economic growth. The Indian government has developed the MSME Registration process to give small enterprises several benefits, including easier access to loans, subsidies, and other incentives. It is critical to emphasize the importance of keeping your registration under MSME information up to date. To maintain the validity of your registration, any changes in business activity, investment, or turnover should be quickly notified on the Udyam Registration portal. We will walk you through the process of applying for the MSME Registration online in India.
MSME/Udyam Aadhar Registration In 4 Easy Steps
Which Entities are eligible for MSME?
- Individuals / Startups
- Sole proprietorship
- Partnership firm
- Private and public limited companies
- Limited Liability Partnerships
- Self Help Groups
- Co-Operative Societies
- Trusts & NGO's
Types of Business
MICRO in Udyog Aadhar
SMALL in Udyog Aadhar
MEDIUM Udyog Aadhar
Manufacturing Business
Rs 2,500,000
Less than Rs 50,000,000
Less than Rs 100,000,000
Service Business
Less than Rs 10,00,000
Less than Rs 20,000,000
Less than Rs 50,000,000
Benefits of MSME Registration
MSME Registration Form
Business Information
This includes the legal name of the business entity, its type (e.g., Proprietorship, Partnership, Private Limited, etc.), and the business's communication address.
Type of Industry
Specify the main economic activity of the business, such as manufacturing, services, or trading.
Investment in Business
Indicate the total value of investment made in purchasing machinery, equipment, or assets used for business operations.
Annual Turnover
Provide the business's annual turnover for the previous financial year. This is the total revenue generated by the business from its operations.
Employment Details
Mention the number of people employed in the business, categorized by skilled and unskilled workers.
Documents Required for MSME Registration
- Address of the business
- Basic business activity
- NIC 2 digit code
- Investment details
- Turnover details
- Aadhar number
- PAN number
- Bank account number
- Partnership deed
- Sales and purchase bill
Salient Features of Udyam Registration
What our Client's Say
SmoothRun is used by hundreds of founders to start, operate and grow their business.
We are Pune’s one of highest rated service provider, we are known for completing Business incorporations and other compliance services in record time.
Vrushali Yevle
“
Kunal Singh
“
Prashant Jagtap
“
What our Client's Say
SmoothRun is used by hundreds of founders to start, operate and grow their business.
We are Pune’s one of highest rated service provider, we are known for completing Business incorporations and other compliance services in record time.
Vrushali Yevle
“
Kunal Singh
“
Prashant Jagtap
“
Frequently Asked Questions
The Ministry of MSME (Micro, Small & Medium Enterprises) is a branch of the Government of India responsible for the formulation and administration of rules, regulations, and laws relating to micro, small, and medium enterprises. Its primary goal is to promote and develop these enterprises to boost economic growth.
Udyog Aadhar, now mostly referred to as Udyam Registration, is a unique 12-digit government identification number for Indian MSMEs. This registration allows businesses to access benefits from various government schemes tailored for small enterprises.
In the MSME sector, ‘Micro’ refers to the smallest of businesses, both in terms of investment and production capacity. They typically require minimal capital investment and are crucial for local economies, providing job opportunities and often using local resources.
The term ‘Ministry of Micro’ is a colloquial reference to the division within the Ministry of MSME that focuses specifically on micro-enterprises. However, the formal name is the Ministry of MSME, which encompasses micro, small, and medium-sized businesses.
No, Udyam registration for MSMEs can be filed online free of cost. Any business registering under this does not have to pay any fees for the Udyam registration file.
The Udyam registration process is simplified and requires a self-declaration with no need for document uploads. However, PAN (Permanent Account Number) and GSTIN (Goods and Services Tax Identification Number) may be needed for online verification.
Udyog Aadhaar registration offers a plethora of benefits, including eligibility for government scheme benefits, credit guarantees, subsidies, and easier access to loans, among other advantages.
Earlier, MSME classification was based on both investment in plant and machinery and annual turnover. However, recent updates have shifted the criteria predominantly towards annual turnover, making the process more transparent and objective.
The Aadhaar number ensures a unique and streamlined identification of MSMEs. This 12-digit number simplifies the registration process and reduces paperwork, ensuring a seamless experience for business owners.
The Udyog Aadhaar number was a unique identification for Indian businesses under the MSME sector. While it has largely been replaced by Udyam Registration, it was pivotal in helping MSMEs access government benefits without cumbersome paperwork.
Certainly! The MSME sector in India is a crucial pillar of the national economy, contributing significantly to employment, manufacturing output, and exports. Comprising micro, small, and medium enterprises, this sector is known for its agility, innovation, and capacity to drive socio-economic transformation.
