How to Register your Business on MSME / Udyam Registration?

In past few years, there is a rapid growth in entrepreneurial culture. Indian government helps to
enhance the growth of small, micro and medium enterprises by initiating few schemes, offers and
subsidies to increase participation of more youths in business sector. This schemes are eligible to avails
tax benefits, concession in electricity, and subsidy on patent registration, local schemes and other
subsidies. Reserve bank of India also gives loans to MSMEs and entrepreneurs at a concessional rate and
help them in their business growth.

Ministry of MSMEs concluded that MSME and SME sector gives almost 70% of Indian GDP. This includes
business like agriculture sector, manufacturing, food and beverages, automotive raw materials, business
and retail sector. To avail this benefits this business companies need to be register under MSME sector
for the growth of business and also make it easier for the governments.

MSME Registration

Government of India launched MSME act to support the MSME through various schemes, subsidies and
yearly incentives. MSME registration stands for Micro, Small and Medium Enterprise Registration, any
company comes under MSME categories needs to ensure they are register under the MSME categories.
With MSME registration, bank also provide loans at lower rate of interest.

Registration Process for MSME/ Udyam

The registration required personal details, and details about the business and so on. Aadhar card is must
for Udyam Registration, an application is to be filled online on MSME / Udyam Registration.

Documents required for registration Process

1. Aadhar Number Required for Udyam Registration

2. Aadhar number shall be of the
 Proprietor in case of proprietorship firm
 Managing Partner for in case of partnership form
 Karta in case of Hindu undivided Family (HUF)
3. Name, Gender, Pan Number, Email Id and Mobile number of the applicant.
4. Pan Location and Address of Organization.
5. Number of Employees and date to start your businss
6. Bank account number and IFSC code
7. Basic business Idea of the enterprises
8. No enterprise shall file more than one Udyam Registration
9. Whoever intentionally misrepresents or attempts to suppress the self-declared facts and figures
appearing in the registration or updating process shall be liable to penalty.
Registration Process Step by Step

1. Start registration process - Register your Business here

2. Fill Application Form - fill the necessary business details such as company name, registration number,
GST number and so on.

3. Enter Personal Details and submit the form

4. Executive will process application - the submitted form will be review by our executive and you will be
notified id there any changes or documents required

5. Receive certificate of mail - after completing the form, you will get certificate for MSME registration.
You can download sample copy of MSME certificates. Ministry of MSME will not issue any hard copy for
it. Only gets virtual certificate.

Registering a business under MSME have a certain benefits such as bank loans (collateral free), subsidy
on patent registration, overdraft interest rate exemption, MSME Samadhan: protection against
payments (delay payments), fewer electricity bills and so on...