Udyam Registration

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What is Udyam Registration?

Udyam or Udhyam is Central Government based Registration for MSME (Micro Small and Medium Enterprises) Sector. Udyam was priory known as MSME Registration or Udhyog Aadhar Registration or SSI Certificate (Small Scale Industries Certificate) which was upgraded as Udyam Registration by Government of India (MSME Ministry) where all existing Enterprises registered under EM–Part-II or UAM shall register again on the Udyam Registration portal on or after the 1st day of July, 2020. Also after 31^st March, 2021 Udyam registration will be only valid Certificate for MSME replaced with all previous versions. Udyam Registration is required to acquire any other Government or Compliance based Registrations, Licenses and Certifications.

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What is MSME Databank?

After Udyam registration is completed and issued, Entrepreneur can register with MSME Databank. The objective of the MSME Databank is to create a detailed database of all MSME units in the country and help them participate in the procurement process under the Public Procurement Policy of Government of India. It allows Ministry of MSME to capture the Census data online along with the information and requirements related to Joint Venture, technology transfer, import export of machinery and also enables to streamline and monitor various schemes and policies so that the Ministry can pass on the benefits directly to the MSMEs.

MSME Classifications as per Ministry of Micro Small Medium Enterprises:

About MSME | About Small Scale Industries

Turnover & Investment in plant and machinery or equipment the following criteria are declared by the Ministry of Small Scale Industries.

Micro Enterprise Units: Enterprise with investment up to Rs 1 crore with a turnover of less than 5 crore will now be called small enterprise units.

Small Enterprise Units: Enterprise with investment up to Rs 10 crore with a turnover of less than 50 crore will now be called small enterprise units.

Medium Enterprise Units: Enterprises with investments up to Rs 50 crore with a turnover of less than Rs 250 crore will now be called Medium units.

Enterprise	Turnover	Investment
Micro	Not more than 5 Cr.	Not more than 1 Cr.
Small	Not more than 50 Cr.	Not more than 10 Cr.
Medium	Not more than 250 Cr.	Not more than 50 Cr.

Benefits of Udyam Registration:

Udyam will feature the following benefits:

Interest Rate Subsidy on Bank Loans
Collateral Free Loans from Banks
Protection against delayed payments, against material/services supplied
Special beneficial reservation policies in the manufacturing/ production sector
Ease of obtaining registrations, licenses, and approvals.
Udyam Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
International trade fair special consideration
Government security deposit (EMD) waiver (Useful while participating tenders)
Electricity bills concession
ISO & Quality certification fees reimbursement

MSME Registration (Udyam Registration)