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Udyam Registration (MSME)

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Get Udyam License in just ₹ 1000/- (All inclusive)

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NBFC License

According to Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are classified into two categories:

Manufacturing Enterprises: Manufacturing Enterprises are those enterprises which engaged in the manufacture or production of goods. The Manufacturing Enterprise is defined in terms of investment in Plant & Machinery.

Service Enterprises: The enterprises engaged in providing or rendering of services and are defined in terms of investment in equipment.

Advantages
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Advantages of Udyam Registration (MSME)

Timely payments of Dues

MSME Enterprises can avail the benefit under this scheme when the buyer does not make the payment as per the agreement or in case of no specific agreement in 45 days, then the buyer is liable to make the payment with 3 times of interest as prescribed by RBI.

Subsidy on IP Registration

A hefty 50% subsidy is given to the Enterprise that has the certificate of registration granted by MSME. This subsidy can be availed for trademark/patent registration by giving application to respective ministry.

Borrowings are Collateral free

Credit Guarantee Fund Scheme for MSME are both term loans and working capital facility up to Rs.100 lakh per borrowing unit, which is provided without any collateral security or third party guarantee.

Capital and other grants for infrastructure development

Since MSMEs is a sector generating employment and giving entrepreneurial ventures a boost, the government also identifies.
Documents
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Documents Required

Adhaar Card

of Individual/Authorized Signatory

PAN Card

of Entity

GSTN

if any.

Cancelled Cheque

Process
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Process of Udyam Registration (MSME)

Step 1

Fill the simple questionnaire provided by our team.
Direction Arrows
Step 01

Step 2

Provide all documents as mention above with the questionnaire.
Step 02

Step 3

We will further apply for Udyam registration of your Entity
Direction Arrows
Step 03

Step 4

Once your business gets registered under MSME Act 2006 we will provide you the Registration certificate by email.
Step 04
Faq's
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FAQs on Udyam Registration

Is registration under MSME is compulsory?

No, MSME registration is not a compulsory registration it is totally voluntary. Generally the Businessmen and entrepreneurs who want to utilize the benefits offered under MSME can take the registration.

For how long is an MSME Registration Certificate valid?

The validation for MSME Registration Certificate is lifetime, although if there is any change in investment the categories will change.

How does SSI/MSME help me get a loan from a bank?

MSMEs are recognized by all the institutions and banks. Government offer many Special schemes to the industry registered under MSME. Banks prefer to give loan to those Industries which are registered in MSME Act instead of giving loan to normal enterprises.

Which bank is best for MSME loan?

MSME loan can be provided by a bank or a Non-Banking Financial Company (NBFC) it could be a normal term loan or a line of credit. Banks like Bank of Baroda, IDBI and NBFCs like Bajaj Finserv, Tata Capital, where you get loan for your MSME Industry.

Can I open current account using Udyam Registration?

Yes, the Udyam Registration can be used to get current Bank Account opened. Udyam Registration is treated as a Business registration certificate for Micro, Small and Medium Enterprises. The Small and Medium firm who have Udyam Registration can apply for current Bank account along with any other registration certificate.

What is the benefit of Udyam Registration?

After getting registered with MSME, your business will be eligible for availing government scheme benefits under MSMED Act 2006 which includes loans without guarantee, low-interest rates on loan, and easy loan, subsidies and different training programs.

Can we make any updation in details of MSME Certificate?

Yes, there is an option available to modify the details mentioned in MSME Certificate.

I have lost my earlier MSME Certificate, How can I restore it back?

Yes, the MSME Certificate can be restored. You can contact Legal Window team for restoration of the Certificate.

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