MSME/UDYAM
REGISTRATION


Applicable only for manufacturing or service industry

UDYAM AADHAR REGISTRAION

Professional Fees Flat Rs 799/-



    LIST OF DOCUMENTS REQUIRED FOR REGISTRATION

    Proprietorship

    PAN
    Aadhar (should be linked with mobile no)
    Bank Details ( Account No and IFSC Code)

    Partnership firm

    PAN
    PAN and Aadhar of authorised partner
    Bank Details

    Corporate Entities

    PAN
    Certification of Incorporation
    Director PAN and Aadhar details
    Bank Details


    Advantages of getting a MSME Registration

    Financial Advantages

    Registering as a MSME gives you a major advantage in terms of priority lending by banks. By virtue of the directions by the RBI, banks have funds that are particularly earmarked for MSMEs. You will also be able to avail loans at much lower interest rates which is a great benefit given the challenges a small business faces in the absence of a collateral security.

    Protection against Payments

    In case, if any MSME registered enterprise supplies any goods or services to a buyer then the buyer is required to make the payment on or before the agreed date of payment or within 15 days from the day they had accepted the goods and services from MSME. Delay in payment will attract interest penalty which is three times the rate notified by RBI

    Government Backing and Assistance

    MSMEs enjoy various advantages when it comes to backing and support from the Government itself. Various trade events organized by the Government are open for registered MSMEs that gives them a lot of export opportunities. Also, export of goods and services by MSMEs is given subsidy, exemption from tax and other benefits.


    FREQUENTLY ASKED QUESTIONS

    • MSME loans (worth 3 lakh crore)
    • Collateral free loans to these enterprises
    • Moratorium period is 12 months
    • Manufacturing and services enterprises, both are considered to be the same entities.
    • Repayment tenure shall be 48 months
    • Credit guarantee is 100%
    • This scheme will benefit more than 40 lakh units

    Yes. You can update the demographics details later in future.

    No. MSME Certification is a centrally certified license. It's a one time license with no compliance to be done.

    Yes. Aadhar is mandatory for getting MSME registration. Moreover, Aadhar has to be linked with mobile number to complete the verification process.

    No. The registration is only applicable to business engaged in manufacturing and service industrhy.