Udyam Registration
Complete by: within 3 days*
*Subject to approval of Government portal services
- UDYAM Registration (MSME Certificate)
Udyam Registration In Pune: Startupportal Business Services
Udyam Registration is an online platform launched by the Ministry of Micro, Small and Medium Enterprises (MSMEs) for the registration of micro, small and medium enterprises (MSMEs) in India. It simplifies the registration process and makes it easier for startups and entrepreneurs to register their business. The portal provides a user-friendly interface for registration, updates, and tracking of the application status. The Udyam Registration Startup Portal in Pune offers several benefits to MSMEs, including access to government schemes, easy availability of credit, priority sector lending, and facilitation in international trade. It is a step towards supporting and promoting startups in Pune, contributing to the growth of the MSME sector and the Indian economy as a whole.
What Is Udyam Registration?
Udyam Registration is a registration process initiated by the Indian government to recognize and promote small and medium-sized enterprises (SMEs) in India. This registration was introduced as a replacement for the previous Small Scale Industry (SSI) registration process.
Udyam Registration is applicable to businesses that are engaged in manufacturing or production, as well as to enterprises that are involved in providing services. The registration process is free, and it can be completed online through the Udyam Registration portal.
The objective of Udyam Registration is to provide various benefits and incentives to small and medium-sized businesses, such as priority lending, concession on electricity bills, exemption on certain taxes and duties, and access to government schemes and programs. This registration also helps in identifying and promoting the growth of SMEs in India, which in turn can contribute to the development of the country’s economy.
Who Can Get Udyam Registration?
The Udyam Registration is available to all types of entities that meet the eligibility criteria as defined by the Indian government. The following types of entities can apply for Udyam Registration:
- Sole Proprietorship
- Partnership Firm
- Hindu Undivided Family (HUF)
- Private Limited Company
- Public Limited Company
- Limited Liability Partnership (LLP)
- Cooperative Societies
- any other entity formed under the Indian law
To be eligible for Udyam Registration, the entity must have a valid Permanent Account Number (PAN) issued by the Income Tax Department and aadhar Card. In addition, the entity’s turnover and investment in plant and machinery or equipment must not exceed the prescribed limit for the relevant category. The prescribed limit for micro, small, and medium enterprises are as follows:
- Micro Enterprises: Turnover up to INR 5 Crore and investment up to INR 1 Crore
- Small Enterprises: Turnover up to INR 50 Crore and investment up to INR 10 Crore
- Medium Enterprises: Turnover up to INR 250 Crore and investment up to INR 50 Crore
Entities that meet the above eligibility criteria can apply for Udyam Registration on the Udyam Registration portal.
Benefits of Udyam Aadhar Registration in Pune:
Udyam Aadhar Registration is a registration process for micro, small and medium enterprises (MSMEs) in India. Here are some of the benefits of Udyam Aadhar Registration in Pune:
- Access to various government schemes: After Udyam Aadhar Registration, MSMEs can avail themselves of various government schemes such as loans, subsidies, and other incentives.
- Easy availability of credit: Udyam Aadhar Registration allows MSMEs to easily avail themselves of credit from banks and financial institutions.
- Priority sector lending: MSMEs registered under Udyam Aadhar are considered as priority sector lending by banks, making it easier for them to secure loans.
- Reduction in compliance burden: Udyam Aadhar Registration eliminates the need for MSMEs to file multiple forms for different registrations, reducing the compliance burden.
- Exemption from direct tax laws: MSMEs registered under Udyam Aadhar are exempted from certain direct tax laws.
- Facilitation in international trade: Udyam Aadhar Registration enables MSMEs to easily participate in international trade and get access to global markets.
- Access to various government tenders: After Udyam Aadhar Registration, MSMEs can participate in government tenders and procurements.
- Protection against delayed payments: Udyam Aadhar Registration provides protection to MSMEs against delayed payments from buyers.
Overall, Udyam Aadhar Registration provides several benefits to MSMEs in Pune, making it easier for them to grow and contribute to the Indian economy.
Documents Required For Udyam Registration In Pune:
- Aadhaar card of the proprietor, partner, or director
- PAN card of the enterprise
- Business name and address proof
- Bank account details of the enterprise
- Information regarding the type of enterprise (proprietorship, partnership, company, LLP, etc.)
- Details of the major activities undertaken by the enterprise (manufacturing or service)
- Investment in plant and machinery or equipment
- Turnover details for the previous year
- Additional details, if any, as required by the registration portal
Udyam Registration Process In Pune:
The Udyam Registration process in Pune is the same as the registration process in any other city in India. The process is completely online and can be completed on the Udyam Registration portal. The steps involved in the registration process are as follows:
- Visit the official Udyam Registration portal at https://udyamregistration.gov.in/
- Click on the “New Registration” button on the home page.
- Enter your Aadhaar number and verify it using OTP.
- Fill in the required details of the enterprise, such as business name and address, type of enterprise, and investment and turnover details.
- Upload the necessary documents, such as Aadhaar card, PAN card, and bank account details.
- Submit the application form and wait for the Udyam Registration certificate to be generated.
- Once the certificate is generated, download and save it for future reference.
The Udyam Registration process is completely free of cost, and no government fee is charged for the registration process. The registration process can be completed in a matter of minutes if all the necessary documents and details are readily available.
What is included in Our Udyam Registration Package?
Udyam Registration package includes the following services:
- Application filing and registration of Udyam Registration Certificate
- Assistance in document preparation and verification
- Provision of consultancy services for MSMEs
- Provision of legal advisory services
Why Choose Startup Portal for a Udyam Registration in Pune?
Here are some reasons why one should choose Startup Portal for Udyam Registration in Pune:
- User-friendly Interface: The Startup Portal offers a user-friendly interface, making the registration process easy and straightforward for entrepreneurs and startups.
- Quick Processing Time: The Startup Portal provides a hassle-free registration process, ensuring quick processing time for the registration application.
- Access to Government Schemes: After Udyam Registration, MSMEs can avail various benefits and schemes offered by the government. The Startup Portal provides access to these schemes, ensuring that MSMEs can benefit from them.
- Cost-effective: The registration process on Startup Portal is cost-effective, and entrepreneurs and startups can register their business at a minimal cost.
- Consultancy Services: The Startup Portal provides consultancy services to MSMEs, ensuring that they have access to the right guidance and support for their business.
- Legal Assistance: The Startup Portal provides legal assistance to MSMEs, ensuring that they comply with all the legal requirements.
Startup Portal for Udyam Registration in Pune is an excellent service provider/consultant for entrepreneurs and startups who are looking for a hassle-free registration process, access to government schemes, cost-effective services, and legal and consultancy services.
Frequently Asked Questions(FAQ's):
Udyam Registration is a registration process for Micro, Small, and Medium Enterprises (MSMEs) in India. It is necessary as it provides various benefits, incentives, and schemes offered by the government to promote the growth of MSMEs.
Yes, Udyam Registration is mandatory for all MSMEs in Pune or any other city in India that meets the eligibility criteria.
The Udyam Registration process is online and can be completed within minutes. The registration number is generated immediately upon submission, and the registration certificate can be downloaded from the portal.
Yes, a business can edit or update its Udyam Registration details using the Udyam Registration portal.
No, Udyam Registration is a free process and does not require any payment or fee.
Any enterprise that falls under the definition of micro, small, or medium enterprise as per the Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 is eligible for Udyam Registration.
No, a business can have only one Udyam Registration, and multiple registrations are not allowed.
It is not mandatory to obtain Udyam Registration, but it is recommended as it provides various benefits to the registered enterprises.