Udyam Registration | Zero Cost for Business Registration

Udyam Registration/Udyog Aadhaar is a certification for micro, small, and medium enterprises operating in India. Udyam certificate is issued by the Ministry of MSME Government of India. it facilitates the development & promotion of enterprises through various benefits & schemes.

Udyam/Udyog Aadhar Registration | Zero Cost For Small And Medium Business Registration
Udyam/Udyog Aadhar Registration | Zero Cost For Small And Medium Business Registration

Who Monitors Udyam Registration?

It is governed by the MSMED Act 2006 in India under the Ministry of Micro, Small, and Medium Enterprises

  • Micro Enterprises : It is an enterprise whose investment is < INR 1 crore and yearly turnover are < INR 5 crores.
  • Small Enterprises : It is an enterprise whose investment is < INR 10 crore and yearly turnover are < INR 50 crores.
  • Medium Enterprises : It is an enterprise whose investment < INR 20 crore and yearly turnover is < INR 200 crores.

Udyam Registration Process

Step 1: Visit on https://udyamregistration.gov.in/Government-India/Ministry-MSME-registration.htm
Click on “For new Entrepreneurs who are not registered yet as MSME” option.
Step 2: Enter Your Personal Information
Step 3: PAN Verification
Step 4: Filling Correspondence Details
Step 5: Fill the Bank Details
Step 6: Enterprise Details
Step 7: Select the District Industry Center and Accept the Declaration.

The Benefits of Udyam Registration

  • Protection against delay in payment.
  • Fast resolution of disputes
  • Collateral Free loans from bank
  • Exclusive consideration for participating in international trade fair
  • Octroi benefits
  • Waiver of Stamp duty and Registration fees
  • Several Exemption under Direct Tax Laws
  • Barcode registration subsidy
  • Subsidy on NSIC Performance and Credit ratings
  • Reduced rate of interest from banks
  • 15% subsidy under CLCSS scheme for technology upgradation
  • Exemptions while applying for Government tenders
  • Concession in Electricity Bills
  • Reimbursement of payment made for obtaining ISO certification
  • 1% exemption in interest on OD
  • Increasing eligible loan limit for optimal reasons, from the amount of Rs. 25 lakh to Rs. 50 lakh
  • Raising the extent of guarantee cover from 75% to 80%

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