MSME / Udyam Registration
Register Your MSME with Udyam Registration
Are you a driven entrepreneur running a micro, small, or medium enterprise (MSME)? Look no further! Udyam registration is your key to unlocking a treasure trove of government support designed to empower your business and fuel its growth.
- Udyam Registration
- MSME Registration
- Tax Saving Guide
- Legal Support
- Timely work
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Here's How LegalShark works !
Register your MSME under Udyam Registration in 3 easy steps.
1. Fill Form
Simply fill the above formto get started.
2. Call to discuss
Our expert will connect with you
3. Get Udyam
Get your Udyam certificate
Why Register Your MSME / Udyam?
As a Micro, Small or Medium Enterprise (MSME), you’re the backbone of the Indian economy. Udyam registration unlocks a wide range of government benefits to help you grow:
Sell Directly to Government (via GeM)
Udyam registration automatically registers you on the Government e-Marketplace (GeM) portal. This opens doors to selling your products and services directly to government departments, securing stable contracts!
Tenders Opportunity
In the context of MSMEs and Udyam registration, a tender refers to a formal invitation from the government or a large organization to interested businesses to submit bids (proposals) for supplying goods or services.
Finances Support
Udyam registration unlocks easier access to loans and credit schemes with better terms. You'll also get government support for covering some business expenses, like ISO certification fees.
Not sure if your company qualifies? Reach out to our Helpdesk for assistance. Call us at +91 9839647333
Benefits of Taking Udyam Registration
Udyam Registration is your key! Here’s why it’s a game-changer for MSMEs
Benefits
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Tax Exemptions
Avail tax benefits under Section 80 IAC of the Income Tax Act.
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Funding Opportunities
Access a wide network of investors and government funding programs.
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Permanent Registration & Unique ID
Udyam registration acts as your business's permanent identification number, simplifying future interactions with the government and other entities.
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No Renewals Needed
Unlike some registrations, Udyam eliminates the burden of renewals. It's a one-time process for lasting benefits
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MSME Schemes
Benefit from a range of government programs like Credit Guarantee Schemes and Public Procurement Policy.
What is Udyam Registration?
MSME stands for Micro, Small and Medium Enterprise. It’s a classification system established by the Indian government to categorize businesses based on their investment in plant & machinery or equipment and annual turnover.
The MSME program was launched by the Indian government in 2006 to support small businesses in India and help them thrive in the competitive market.
This system helps the government provide targeted support and benefits to MSMEs, which are considered the backbone of the Indian economy.
MSME Categories and Turnover Limits:
Micro Enterprise:
- Investment: Up to Rs. 1 Crore
- Turnover: Up to Rs. 5 Crore
Small Enterprise:
- Investment: Up to Rs. 10 Crore
- Turnover: Up to Rs. 50 Crore
Medium Enterprise:
- Investment: Up to Rs. 50 Crore
- Turnover: Up to Rs. 250 Crore
Why Chose LegalShark For Udyam Registration in India?
We make registration easily and fully comply with the MSME law.
Startups Assistance
We provide free consultation to all startups and SME's to help boosting or expansion their business.
24X7 Support
No Matter its personal or professional issue, we are standing always with our client.
Funding Opportunities
We believe in your growth so thats why we help our clients to raise funds from investors.
All in One Solution
LegalSark provide complete business solution at one place. So you don't need to bother.
Money Back Guarantee
100% money back guarantee if you fail to provide solution as per you needs.
Expert Company Lawyers
We have best company lawyer who guide you before register a company in India.
Conclusion:
Registering your startup under MSME Act opens doors to a world of opportunities, from financial benefits to networking and recognition. At LegalShark, we are dedicated to assisting startups in navigating the registration process efficiently and leveraging the benefits offered by the MSME India initiative.
Top FAQs about Udyam Registration & MSME Registration in India
Udyam Registration is a FREE online process for registering your Micro, Small and Medium Enterprise (MSME) in India. It’s a one-stop platform introduced by the government to simplify registration and unlock various benefits for MSMEs.
Previously, MSME registration involved different schemes like EM-II and UAM. Udyam Registration replaced these, becoming the centralized online system for MSME registration in India. So, Udyam Registration is MSME Registration for new enterprises.
Any business entity that falls under the MSME classification based on investment and turnover limits can register with Udyam. This includes sole proprietorships, partnerships, and companies.
Udyam Registration offers several advantages for MSMEs, including:
- Easier access to loans and credit schemes.
Eligibility for government support programs and subsidies. - Priority in government tenders and procurement.
- Access to sell directly to government departments through GeM portal.
- Faster access to working capital through platforms like TReDS.
As of July 1st, 2020, the Indian government categorizes MSMEs based on these limits:
Micro Enterprise:
- Investment: Up to Rs. 1 Crore
- Turnover: Up to Rs. 5 Crore
Small Enterprise:
- Investment: Up to Rs. 10 Crore
- Turnover: Up to Rs. 50 Crore
Medium Enterprise:
- Investment: Up to Rs. 50 Crore
- Turnover: Up to Rs. 250 Crore
Udyam Registration is a paperless process. You only need basic details like your PAN Card, Aadhaar number, and business bank account information for registration.
You can register your MSME online through the Udyam Registration portal: https://udyamregistration.gov.in/. The process is self-declaration based, and you’ll receive a digital Udyam Registration Certificate upon successful registration.
If you had an existing MSME registration under EM-II or UAM schemes, you had to re-register on the Udyam portal by March 31st, 2021 (past deadline).
No. Udyam Registration is a completely FREE government initiative to support MSMEs.
By registering as an MSME, you gain access to a wide range of government support programs, financial benefits, and opportunities specifically designed to help small businesses grow and thrive.