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Udyam Registration or MSME Registration is the new process for registering MSME (micro, small and medium enterprises) launched by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. The Ministry had also revised the definition of MSMEs from the same date.

An enterprise for this process is known as Udyam, and its Registration Process is known as Udyam Registration. A permanent registration number along with a recognition certificate will be issued after Registration.

Registration Procedure

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Difference Between Micro, Small And Medium

The GST levied by the central government on goods and services is Central GST (CGST), and that by the states is State GST (SGST). However, on the supply of goods and services outside a state, Integrated GST (IGST) is collected by the centre. IGST applies to imports too.

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MICRO ENTERPRISES

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SMALL ENTERPRISES

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MEDIUM ENTERPRISES

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What Are Benefits Of UDYAM ?

Udyam registration is a mandatory certification for micro, small, and medium enterprises (MSMEs) in India. It provides various benefits and facilities offered by the government and improves the credibility of the business.

Government Benefits

MSMEs with Udyam registration are eligible to avail of various subsidies, loans, and tax exemptions offered by the government.

Tender Eligibility

MSMEs can participate in government tenders, providing new business opportunities.

Easy Loan Access

Udyam registered MSMEs can access loans from banks and financial institutions at favourable terms and interest rates.

Improved Credibility

The Udyam certificate serves as proof of MSME status and enhances the credibility of the business, making it easier to do business.