Individuals aiming to establish a micro, small, or medium enterprise have the option to register online through the Udyam Registration portal. This registration process is based on self-declaration, eliminating the need to submit any documents, papers, certificates, or proofs. The enterprise undergoing this process is referred to as "Udyam," and the registration process itself is termed 'Udyam Registration.' Here are some essential points to note regarding Udyam Registration. -
- All existing enterprises registered under MSME shall register again on the Udyam Registration portal on or after the 1st day of July, 2020
- All enterprises registered till 30th June,2020, shall be reclassified in accordance with this notification.
- MSME registration process is fully online, paperless and based on self-declaration.
- This certificate will have a dynamic QR Code from which the web page on the Portal and details about the enterprise can be accessed.
- A permanent registration number will be given after registration.
- The user will need to provide their 12-digit Aadhaar Number, Pan Card and Bank Account details of Business for the registration process.
Following are the classifications under Udyam -
| Enterprises | Investment in Plant & Machinery/ Equipment | Turnover in Plant & Machinery/ Equipment |
|---|---|---|
| Micro Enterprises | Does not exceed 1 Crore | Does not exceed 5 Crore |
| Small Enterprises | Does not exceed 10 Crore | Does not exceed 50 Crore |
| Medium Enterprises | Does not exceed 50 Crore | Does not exceed 250 Crore |