Introduction The Union MSME Ministry launched the Udyam Registration Portal on 1st July 2020. The portal has provided flexibility and useful features, with over 11 lakh registered MSMEs (Micro, Small, and Medium Enterprises) completing their registration process on a self-declaration basis. This initiative was introduced as part of the Prime Minister’s relief package amid the COVID-19 pandemic.

Difference between MSME Registration and Udyam Registration The Ministry of MSME has renamed the MSME certificate as the Udyam Aadhar Certificate, which includes a unique number termed as UAN. Essentially, Udyam Aadhar registration is a simpler and more streamlined method to obtain an MSME registration certificate.

What is MSME Registration? MSME registration was established on 2nd October 2006 to promote and develop Micro, Small, and Medium Enterprises. MSMEs play a crucial role in the economic development of India, and the registration provides access to various government benefits and schemes.

What is a Micro, Small, and Medium Enterprise? As per the MSMED Act, 2006, MSMEs were introduced to strengthen and boost small-scale sectors. The latest amendment on 13th May 2020 revised investment limits and introduced turnover criteria, eliminating the distinction between manufacturing and service sectors.

Classification of Enterprises The classification of MSMEs is based on investment and turnover:

• Micro Enterprise: Investment up to Rs. 1 crore and turnover up to Rs. 5 crore.
• Small Enterprise: Investment up to Rs. 10 crore and turnover up to Rs. 50 crore.
• Medium Enterprise: Investment up to Rs. 50 crore and turnover up to Rs. 250 crore.

Benefits of MSME/Udyam Registration

• Access to exclusive government tenders for MSMEs.
• Lower interest rates on bank loans.
• Tax rebates and exemptions.
• Lower-cost patent registration.
• Preference in government licenses and certifications.
• Access to state and central government schemes.

Documents Required for MSME/Udyam Registration

• PAN Card details of proprietor/directors/partners.
• Aadhaar Card details of proprietor/directors/partners.
• Proof of business ownership (e.g., lease agreement, property tax receipt).
• Rent agreement and No-Objection Certificate (NOC) from the landlord (if applicable).
• Purchase and sale bills.
• Partnership Deed (for partnership firms).
• MOA, AOA, COI, and board resolution (for private limited companies).
• Industrial license under the Industrial Development and Regulation Act, 1951.
• Affidavit on Rs. 10/- Non-Judicial Stamp Paper.
• Machinery purchase and installation bills.
• Bank account statement.

MSME/Udyam Registration Process

1. Visit the Udyam Registration Portal: Go to udyamregistration.gov.in.
2. Choose the Appropriate Category:
   • New entrepreneurs: Click on "For New Entrepreneurs who are not Registered yet as MSME or those with EM-II."
   • Migrating from Udyam Aadhaar: Click on "For those already having registration as UAM through Assisted Filing."
3. Aadhaar Verification: Enter Aadhaar number and name as per Aadhaar card, then validate using OTP sent to the registered mobile number.
4. Complete the Registration Form: Enter the required details, input the captcha code, and submit.
5. Migration for Existing UAM Holders: Enter the UAM number and validate with OTP sent to the registered email or mobile number to complete the process.

How to Check Udyam Registration Status?

1. Visit udyamregistration.gov.in/PrintUdyamCertificate.aspx.
2. Enter your Udyam Registration Number and registered phone number.
3. Select the appropriate OTP option.
4. Click on "Validate and Generate OTP."

This guide provides a comprehensive overview of MSME/Udyam Registration, including its benefits, process, and necessary documentation.