How to Get Udyam Registration Online?

In the economy of India, small businesses have a great role. They are contributing immensely towards the growth and development of the Indian economy. Such kinds of businesses are helping India to become self-sufficient. MSME is micro, small and medium enterprises that come under the ambit of such businesses that are working as a helping hand of the Indian government. They are creating various opportunities in the market. Hence the government is also providing them with various benefits and advantages so that they can be encouraged to work more. But to access these benefits and advantages it is compulsory to get Udyam registration, which is also known as MSME registration. To get Udyam registration, one needs to complete the online procedure through the MSME official portal of the government. 

How do you Identify the Micro, Small or Medium Enterprises? 

While determining the type of an enterprise, whether the enterprise is a micro, small or medium enterprise, their turnover and investment play a very important role. Whether an enterprise is a micro, small or medium, they all have to get Udyam registration to get the advantages and benefits of the government schemes. All the enterprises as micro, small and medium enterprises are eligible to get the MSME registration if they fall under the given below criteria. Given below are the criteria to determine the type of an enterprise: 

How to get Udyam Registration? 

The registration process of udyam is online and paperless. It requires very few basic formalities to be done through the applicant. There will be no fees for this registration; even the government facilitated while filing applications for MSME registration and did not even charge any facilitation fees. One can download the registration certificate just after submitting the registration form. The only thing that needs to be taken care of is to file the application with all the correct information. To get the MSME Registration, follow the steps given below: 

• Visit the MSME or Udyam official portal of the government of India 
• Click on the “new registration” that you can see on the home screen of the online portal or website of the MSME/Udyam registration 
• Then, you need to validate your Aadhaar number. Validation will be done through the OTP on your mobile number. That mobile number must be attached to the Aadhaar number.  
• Now select the type of entity; it can be a private limited company, LLP, also known as a Limited Liability Partnership Firm, partnership firm, etc. 
• Now, fill in the entire details asked in the form of registration. These details include the details of the authorised person of the entity and the entity itself.
• After completing the form, check the entire form twice before submitting it. Because once it got submitted, it’s not easy to make the changes  
• After checking the form, submit and validate it through the mobile number  
• Now, you can download the registration certificate on the same day 

Government Facilitation to Get Udyam Registration Online 

Udyam registration is made up of two words: udyam and registration. In this word, udyam registration udyam means an enterprise and its registration process is known as udyam registration. The government provides a lot of facilitation for the udyams to get udyam registration. 

After the MSME registration, a permanent registration number will be provided to the enterprises through a certificate, and that certificate has a dynamic QR code through which each and every detail of the enterprise can be assessed. The registration process for MSMEs is free of cost, which means there will be no facilitation as well as registration fees. In case of any doubt or confusion, one can avail the option of the “champions control room” to get instant help. 

Difference Between Udyam Registration and MSME Registration 

Both the Udyam as well as MSME registrations are similar. MSME registration is the old name of Udyam registration. There is no difference between both of them. Whether an enterprise get Udyam registration or MSME registration, it is similar. The process of such registration is online and paperless and based on the self-declaration of the applicant. There will be fewer formalities and documentation involved in getting this registration. 

The only document that one must have to get Udyam registration is the Aadhar number. Other documents like PAN card and GST will be automatically detected as this system of registration is fully integrated or associated with the Income Tax and GSTIN. Under this system of registration, one registration can be given to one enterprise. No enterprise can take more than one registration, even if an enterprise is in different businesses; it can be attached to this one registration only. They don’t have to take separate registrations for one enterprise or different businesses. 

Benefits of getting Udyam Registration 

Following are some of the benefits or advantages of getting Udyam or MSME registration: 

• Easy excess of government schemes 
• Ease of doing business in the market among the competitors 
• It is easy to get loans for the business on the name of the business 
• Preference while getting government tender 
• Easy process to get intellectual property protection 
• It becomes easy to get registrations and licenses related to your business or entity 
• Got various tax exemptions under the law 
• Get various subsidies with respect to tariffs and capital tax 
• Various rebates and exemptions while setting up your business as an MSME 
• Get the benefit of the MSME Samadhaan portal through which micro, small and medium enterprises can file cases against the one who is not giving their money timely. 
• Get the benefit of the MSME Sampark portal, which helps micro, small and medium enterprises to hire talent for their business.
• Can file online complaints to recover the pending amount of the MSME 
• Ease in doing legal and financial compliances 

Conclusion 

MSMEs are contributing significantly to India’s growth and development. To avail themselves of government benefits and schemes, MSMEs are required to get Udyam registration, a simple online process accessible through the official MSME portal. The government has streamlined the Udyam registration process, offering numerous facilitations. Upon registration, enterprises receive a unique permanent registration number with a dynamic QR code for easy verification. It’s important to note that Udyam registration and MSME registration are essentially the same, with no distinction between them. In essence, Udyam registration simplifies the process for MSMEs to access government benefits and support, promoting their growth and contributing to India’s self-sufficiency.