Udyam/MSME registration, also known as Udyam registration, is a government initiative by the Ministry of Micro, Small, and Medium Enterprises (MSME) to register and classify Micro, Small, and Medium Enterprises (MSMEs) in India
Key Features:
Fully Online and Paperless: The entire registration process is conducted online, eliminating the need for physical documents or visits to government offices.
No Registration Fees: The Udyam registration process is free of charge.
Digital Certificate: Upon successful registration, an e-certificate, known as the "Udyam Registration Certificate," is issued, containing a dynamic QR code for easy access to enterprise details.
Unique Registration Number: Registered MSMEs receive a unique 12-digit identification number.
Single Registration: An enterprise can only have one Udyam registration, covering all its activities.
Benefits:
Financial Benefits: Access to Government Schemes and Subsidies:
Registered MSMEs can access various government schemes and subsidies designed to support business growth and development.
Collateral-Free Loans: Udyam registration facilitates access to collateral-free loans and credit at lower interest rates.
Priority Sector Lending: MSMEs become eligible for priority sector lending from banks, making it easier to secure financing.