Udyog Aadhar Registration, commonly referred to as MSME (Micro, Small, and Medium Enterprises) Registration, allows any business organization involved in manufacturing, production of goods, or providing services to register as an MSME.
Benefits of MSME:This registration is essential to access the benefits offered by various promotional schemes of the Government of India.
- Bank loans will become cheaper as the interest rate is very low around ~ 1 to 1.5%. Much lower than interest on regular loans.
- It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
- Once registered the cost getting a patent done, or the cost of setting up the industry reduces as many rebates and concessions are available.
- MSME registration helps to acquire government tenders easily as Udyam Registration Portal is integrated with Government e-Marketplace and various other State Government portals which give easy access to their marketplace and e-tenders.
- There is a One Time Settlement Fee for non-paid amounts of MSME.
The following Details of Directors/ Business required for MSME Registration
- Aadhaar Number of the Director: Linked with valid Mobile No.
- Business Registration Details
- PAN of Business/Individual
- Address of Business
- Business/Individual Bank Details
- NIC code for Major Business Activities (Nature of Business)
- No. of Employees
- Investment in Plant & Machinery / Equipment's.
- Post Registration:-
- Unique Number:
- Upon successful registration, you’ll receive a permanent identity number called the “Udyam Registration Number.”
- This number identifies your enterprise as an MSME.
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- An e-certificate known as the “Udyam Registration Certificate” will be issued once the process is complete.
- This certificate serves as proof of your MSME status.