Udyam Registration is an identification number along with a certificate that is issued to businesses who want to get registered as a “Micro, Small and Medium” (MSME) enterprise. This certificate acts as recognition for MSMEs. Further, businesses are classified into the right category, such as Micro, Small or Medium, based on the investment and turnover of the business. Udyam Registration benefits that are available to MSMEs can only be availed if the business registers themselves under the Udyam scheme. Udyam Registration Process is easy and online if you have all the documents in place.
The eligibility criteria for businesses to apply for Udyam Registration is that it must be an existing business that is in the manufacturing or services sector. A business is classified as Micro if it has an investment of less than Rs 1 crore and a turnover of less than Rs 5 crore. A Small enterprise is one that has an investment of less than Rs 10 crore and an annual turnover of up to Rs 50 crore. An enterprise is classified as a Medium enterprise if it has an investment of less than Rs 50 crore and a turnover of up to Rs 250 crore. Entrepreneurs and business owners can download Udyam Registration checklist for additional eligibility information and the process for applying for Udyam Registration.Register Now