What is Udyam Registration?#
Udyam registration is the new process for MSME registration, replacing the old EM-1/EM-2 process.
Classification#
| Type | Investment | Turnover |
|---|---|---|
| Micro | < Rs 1 crore | < Rs 5 crore |
| Small | < Rs 10 crore | < Rs 50 crore |
| Medium | < Rs 50 crore | < Rs 250 crore |
Benefits of MSME#
Financial:#
- Collateral-free loans
- Lower interest rates
- Credit guarantee scheme
Government:#
- Preference in tenders
- Subsidy on patent
- Technology upgradation
Tax:#
- Direct tax benefits
- GST composition option
- MAT credit
Registration Process#
- Visit udyamregistration.gov.in
- Enter Aadhaar number
- Fill business details
- Submit investment/turnover
- Get Udyam certificate
Documents Required#
- Aadhaar card
- PAN card
- Business address proof
- Bank account details
- Category certificate (if SC/ST/OBC)
Validity and Renewal#
- No expiry
- Update if investment changes
- Re-register if category changes