msme Udyam Registration is now being said as Udyam Registration. Introduced by the Indian government on July 1, 2020, The Indian government has decided to help and grow small businesses in India. Registration for msme Udyam can be quickly done through an online process. Those who want to get their business registered under the msme Udyam, it is mandatory to give their 12-digit unique Aadhaar number. After the msme Udyam Registration Apply online process is complete, you will get MSME/Udyam Certificate that contains a 19-digit Unique Number Known as Udyam Registration Number.
The Indian government has decided to help the growing Micro, Small, and Medium Enterprises (MSME) in India. If you register your business under msme Udyam, then you get the benefits of many schemes that are run by the government for MSMEs. You get a bank loan very quickly with a low-interest rate and free collateral Loan, rid of the many types of taxes, get easy access to government tenders, etc.
1. Micro Business :- With a maximum annual turnover of up to ₹ 5 crore and a minimum business investment of up to ₹ 1 crore.
2. Small Business :- With a maximum annual turnover of up to ₹ 50 crore and a minimum business investment of up to ₹ 10 crore.
3. Medium sized Business :- With a maximum annual turnover of up to ₹ 250 crore and a minimum business investment of up to ₹ 50 crore.
These are the following benefits you get after msme Udyam Registration in India
1. Eligible to take government tenders and contracts
2. Get rid of many taxes and get the benefits of many schemes of the government.
3. Get a loan from Banks easily at very low interest rates.
4. Get a 100% Free Collateral Loan from the bank up to ₹ 1 crore.
5. Enjoy the benefits of the Excise Exemption Scheme.
6. After registering in MSME, along with the Tariff Subsidy you can take benefits of Tax and Capital Subsidies.
Check the following documents before registering for msme Udyam
1.Aadhar card (Mandatory)
2. Pan card (Mandatory)
3. One Mobile Number for OTP Verification
Following are the Steps to apply for msme Udyam through our MSME Registration Portal:
Step 1 : Go to Above MSME Form
Step 2 : Fill out all the mandatory fields in the form.
Step 3 : Make a consultancy fee payment for the completion of the MSME process.
Step 4 : After the payment process is completed, you will receive your MSME Registration certificate in your registered email address within 2 hours.
MSME Registration for Proprietorship - It is an unincorporated business that is owned and managed by an individual. The simplest business structure is defined as a person who owns and operates a business. It is not a formal entity, but rather a person who owns a firm and is personally liable for its debt. It has a separate legal entity and gives limited liability protection, similar to a corporation.
MSME Registration for Partnership Firm - A partnership firm is a company created by two or more people to run a business for profit. Each member of such a group is referred to as a partner, and the company as a whole is referred to as a partnership firm. The Indian Partnership Act of 1932 governs these businesses.
MSME Registration for Private Limited Company A Private Limited Company (PLC) is a company owned by a small group of people. It is registered for specific purposes and is held by a group of people known as shareholders. Startups and businesses with higher growth aspirations popularly choose Private companies as suitable business structures.
MSME Registration for Public Limited Company - Any firm that has sold shares to the general public and owns a limited number of its own shares has the legal status of a public limited company. A PLC's stock or company share is made available to the general public and can be purchased or claimed by anybody, either privately during the initial public offering process or through stock exchange exchanges. Businesses that are publicly held are often known as public limited companies.
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Upto 5 crore
10 crore - 50 crore
50 crore - 250 crore