MSME UDYAM Registration in India

1.    Documents required

2.    Benefits of MSME Registration

3.    Eligibility for registration

The MSME registration documents are as follows: 
Aadhar card
 
 PAN card

MSME registration benefits:

Due to MSME Registration India, bank loans become cheaper as the interest rate is very low, around 1-1.5%, much lower than interest on regular loans
It also allowed credit for minimum alternate tax (MAT) to be carried forward for up to 15 years instead of 10 years
Once registered the cost of getting a patent done, or the cost of setting up the industry reduces as many rebates and concessions are available
MSME registration helps to acquire government tenders easily 
There is a One Time Settlement Fee for non-paid amounts of MSME
The MSME registration will help the MSMEs in availing the benefits of government schemes 
MSMEs are eligible for priority sector lending from banks
MSMEs get the benefit of a government security deposit waiver that is helpful while participating in e-tenders
Any number of activities, including service or manufacturing or both, may be added or specified in one MSME registration
Barcode registration subsidy
Exemption scheme from direct taxes
ISO certification fees reimbursement
Electricity bills concession
Eligibility for Udyam Registration:

All manufacturing, service industries, wholesale, and retail trade that fulfil the revised MSME classification criteria of annual turnover and investment can apply for MSME registration. 

The following entities are eligible for MSME registration:

Individuals, startups, business owners, and entrepreneurs
Private and public limited companies
Sole proprietorship
Partnership firm
Limited Liability Partnerships (LLPs)
Self Help Groups (SHGs)
Co-operative societies
Trusts
 
FAQs

Who can apply for Udyam registration?
Any sole-proprietor, partnership firm, HUF, company, limited liability partnership firm, trust or society whose plant and machinery investment is below INR 50 crores and has a turnover of less than INR 250 crores are eligible for Udyam registration.
 
What is a Udyam registration certificate?
Udyam registration certificate is a certificate provided to all Udyam registered entities. It is provided as a downloadable pdf/soft copy by the Government on the registered email id of the applicant or entity. The certificate is available on Udyog Aadhar portal. And can be downloaded using the applicant’s Aadhar number.
 
Do you have to apply for renewal for Udyam Registration?

No, you do not have to renew your Udyam registration. It’s a permanent