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.

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.