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UDYAM/MSME

Udyam:

A Unique Identification Number is provided by the Ministry of Micro, Small and Medium Enterprises, The government of India for small and medium enterprises is Udyam which is also known as MSME Registration. It started in JULY 2020. In India around 48 lakhs MSMEs are registered under MSME.

MSME:

MSME is an acronym used for micro, small and medium enterprises. MSME enterprises are the foundation of many economies. Therefore, to support and promote MSMEs,the Government of India through various subsidies, schemes and incentives have started promoting MSMEs through the MSMED Act. To get the benefits under the MSMED Act from Central or State Government, you would need the MSME Registration.

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CLASSIFICATION OF ENTERPRISES:

1)Micro Enterprises
where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees

2)Small Enterprises
where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees

3)Medium Enterprises
where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.

BECOMINGA MICRO , SMALL OR MEDIUM ENTERPRISE


(1) Any person who intends to establish a micro, small or medium enterprise may file Udyam Registration online in the Udyam Registration portal, trông em bé sơ sinh based on self-declaration with no requirement to upload documents, papers, certificates or proof.


(2) On registration, an enterprise (referred to as “Udyam” in the Udyam Registration portal) will be assigned a permanent identity number to be known as “‘Udyam Registration Number”.


(3) An e-certificate, namely, “Udyam Registration Certificate” shall be issued on completion of the registration process.







COMPOSITE CRITERIA OF INVESTMENT & TURNOVER FOR CLASSIFICATION:-


(1) A composite criterion of investment and turnover shall apply for classification of an enterprise as micro, small or medium.


(2) If an enterprise crosses the ceiling limits specified for its present category in either of the two criteria of investment or turnover, it will cease to exist in that category and be placed in the next higher category but no enterprise shall be placed in the lower category unless it goes below the ceiling limits specified for its present category in both the criteria of investment as well as turnover.


(3) All units with Goods and Services Tax Identification Number (GSTIN) listed against the same Permanent Account Number (PAN) shall be collectively treated as one enterprise and the turnover and investment figures for all of such entities shall be seen together and only the aggregate values will be considered for deciding the category as micro, small or medium enterprise.


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Pricings

STARTUP

489

  • UDHYAM REGISTRATION


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Executive

1989

  • UDHYAM REGISTRATION
  • GST REGISTRATION
  • ACCOUNTING SOFTWARE

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PREMIUM

5489

  • UDHYAM REGISTRATION
  • GST REGISTRATION
  • ACCOUNTING SOFTWARE
  • TRADEMARK FILING


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Advantages

    The rate of interest on loan offered to MSMEs is 1-1.5% lower compared to typical business loan interest.
    PM Modi has introduced the Mudhra Loan scheme, which provides loans to MSME without collateral.
    Businesses registered under MSME are given a higher preference in terms of government licensing and certification.
    MSME/SSI registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.
    Charges are lower for MSME registered companies for facilities such as electricity and VAT exemptions. In fact, other business services such as patents are also cheaper for MSMEs.
    There are multiple government tenders open only to MSMEs to promote small business participation in India

FAQs Section

    The MSME registration certificate is valid for 5 years.
    Any type of business entity such as proprietorships, partnerships, HUFs, LLPs, or private limited companies can apply for MSME Registration.
    MSME registration is not mandatory it is voluntary.
    MSMEs are recognized by every institution and banks. Moreover, special schemes have been drafted to recognize them as well. The possibility of getting a sanctioned loan is much higher when your company is registered as MSME.
    The only original value is considered as per the MSME notification when registering for SSI.
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