Get Recognized as MSME: Obtain Udyam Registration Certificate in India

Are you a micro, small, or medium-sized enterprise (MSME) and wish to take advantage of the benefits offered by the Government of India? In this case, it is best to get a Udyam Registration Certificate.  

What is the Udyam Registration Certificate you are applying for?

This is a certificate that certifies your business as an MSME and offers a range of benefits to help your business grow. With the Udyam Registration Certificate, your company can benefit from government programs, subsidies, and other benefits reserved only for MSMEs.  

The process of obtaining the Udyam Registration Certificate is simple and can be done entirely online. Here's how: 

Step 1: Visit  Udyam Registration Portal 

The first step to get the Udyam Registration Certificate is to visit the official website of the Ministry of Micro, Small and Medium-sized Enterprises (MSME) at the Government Udyam Registration Other.  

Step 2: Enter your details  

Next, you need to enter your business details like name, Aadhaar number, PAN number, business address etc. Make sure you review all the details before submitting the form. 

Step 3: Check your data and pay the Fees

After submitting the form, your data will be checked by the responsible authorities. You will receive an OTP (One-Time-Password) for authentication to your registered mobile phone number. After entering your one-time password, your details will be verified and you will receive a Udyam registration number.  

 Step 4: Get Udyam Registration Certificate  

Congratulations! You are now officially registered as an MSME with a Udyam Registration Certificate. You can download your certificate from the Udyam registration page by entering your Udyam registration number. 

Udyam Registration Certificate Benefits: 

First, let's understand what MSME means.The Indian government  defines  MSME according to annual turnover. A company can be classified as an MSME if it falls into the following categories: 

•  Micro-enterprise: Annual turnover  up to INR 5 billion 

•  Small enterprise: Annual turnover between INR 5 billion and INR 75 billion 

•  Medium-sized enterprise: Annual turnover between INR 75 crore and 250 crore INR  

 Now that we understand what constitutes an MSME, let's take a look at the benefits of  a Udyam Registration Certificate. 

Access to Government Grants and Programs 

One of the most important benefits of obtaining a Udyam Registration Certificate is access to various government grants and programs. These programs and grants are designed to help SMEs grow and thrive in today's competitive environment. Programs and grants available to MSMEs with Udyam enrollment certificates include:

Take advantage of the benefits offered to MSMEs by obtaining the Udyam Registration Certificate. Learn about the process and register your business today.

• Credit Guarantee Fund Scheme for Micro and Small Enterprises

• Prime Minister's Employment Generation Programme (PMEGP)

• Scheme of Fund for Regeneration of Traditional Industries (SFURTI)

• Credit Linked Capital Subsidy Scheme (CLCSS)

Readily available credit

Banks and other financial institutions view MSMEs with Udyam Registration Certificates as being more creditworthy. This is because the certificate demonstrates that the company is an actual corporation that has been registered with the government. This makes it simpler for MSMEs to get credit in the form of loans and other forms of funding for their business.

Learn more about the Benefits of Udyam Registration

Exclusion from some taxes

MSMEs are qualified for a number of tax advantages and perks if they have Udyam Registration Certificates. These benefits and exclusions may enable these companies to make financial savings that they can put towards expanding and improving their operations. With Udyam Registration Certificates, MSMEs can receive a number of tax advantages, including.

• Exemption from payment of certain taxes under the MSME Development Act, 2006

• Income tax exemption for the first three years of the business

• Credit for minimum alternate tax (MAT) paid for up to 15 years

Government procurement priorities

Priority is granted to MSMEs possessing Udyam Registration Certificates when purchasing from the government. This indicates that when it comes to government contracts and tenders, smaller businesses are given preference over larger ones. For MSMEs, this can be a big benefit because it offers them access to a bigger market and supports business growth.

Summary

To sum up, obtaining the Udyam Registration Certificate is a necessary step for any MSME wishing to benefit from the incentives provided by the Indian government. The procedure is simple, and there are several advantages. So why are you still waiting? By registering your company immediately and receiving an Udyam Registration Certificate, you can begin to enjoy the benefits of being an MSME.