The best part is that the entire process is online and takes only a few minutes. Yes, you read that right — you can get Udyam Registration quickly and easily without stepping out of your home or office.
This article explains everything you need to know about Udyam Registration, why it is important for your business, how you can register in minutes, and what benefits you will receive once you are registered.
What is Udyam Registration?
Udyam Registration is a government registration process for businesses that qualify as Micro, Small, and Medium Enterprises (MSMEs). Once registered, the business gets a unique identification number and a Udyam Registration Certificate.
Earlier, the MSME registration was done through a system called Udyog Aadhaar. But in July 2020, the Government launched the new Udyam Registration system, which is more efficient and user-friendly.
This registration is now mandatory for all MSMEs who want to avail government benefits, and schemes, or participate in government tenders.
Who Can Apply for Udyam Registration?
Any business entity can apply for Udyam Registration, including:
- Sole Proprietorships
- Partnership Firms
- Hindu Undivided Families (HUFs)
- Private Limited Companies
- Public Limited Companies
- Limited Liability Partnerships (LLPs)
- Co-operative Societies
- Trusts
- Any other enterprise involved in manufacturing or service sectors
MSME Classification: Investment and Turnover Limits
Businesses are classified under the following three categories:
- Micro Enterprises: Investment up to Rs. 2.5 crore and turnover up to Rs.10 crore.
- Small Enterprises: Investment up to Rs. 25 crore and turnover up to Rs. 100 crore.
- Medium Enterprises: Investment up to Rs.125 crore and turnover up to Rs. 500 crore..
Why is Udyam Registration Important?
Udyam Registration is more than just a certificate. It is a gateway to multiple opportunities and benefits that can help you grow your business quickly and securely.
1. Legal Recognition
Your business gets official recognition from the Government of India, making it easier to apply for licenses, and loans, or participate in tenders.
2. Access to Government Schemes
After registration, MSMEs are eligible for many schemes such as:
- Credit Guarantee Scheme
- Subsidies and grants
- Technology upgrade assistance
- Marketing support schemes
3. Easy Access to Loans
Banks and NBFCs give preference to Udyam-registered businesses for business loans. Many of these loans are collateral-free and come with lower interest rates.
4. Protection Against Late Payments
Under the MSME Act, if a buyer delays payment beyond 45 days, the business is entitled to interest on the delayed payment.
5. Subsidy on Patent and Trademark Registration
Registered MSMEs get financial support and subsidies for filing patents, trademarks, and ISO certification.
6. Priority in Government Tenders
Many government tenders are reserved exclusively for MSMEs, and Udyam Registration is mandatory to participate in these tenders.
How to Complete Quick Udyam Registration
Udyam Registration can be done online through the official portal:
- Visit the Udyam Portal: Open your browser's official Udyam Registration portal.
- Fill in Business Details: Enter important details like your business name, type, address, and bank account information. Ensure accuracy in the data.
- Review and Submit the Form: Review the information to confirm it's correct. After reviewing, apply.
- Pay the Registration Fee: Select your payment method and complete the registration payment.
- Receive OTP on Mobile: An OTP will be sent to the mobile number linked with your Aadhaar card.
- Enter OTP: Input the OTP sent to your phone to verify your identity.
- Complete Registration: Once your details are confirmed, your registration will be completed.
- Receive Your Udyam Certificate: Once verified, your Udyam Registration certificate will be generated and sent directly to your email.
Is Udyam Registration Mandatory?
Yes, it is mandatory for businesses that want to be recognized as MSMEs and wish to avail of benefits offered by the Government of India.
Also, many portals like GeM (Government e-Marketplace), TReDS, and eProcurement platforms now require businesses to be Udyam-registered to participate.
Can You Make Corrections Later?
Yes. After registration, you can log in to the Udyam portal and update your information if needed. You can edit:
- Contact details
- Address
- Investment or turnover details
- Nature of business
- Number of employees
What Happens After Udyam Registration?
After receiving your certificate, your business becomes an officially recognized MSME. You can now:
- Apply for MSME loans
- Use your URN in tender applications
- Access schemes meant for MSMEs
- Apply for subsidies and incentives
- Avail of faster payment resolutions
Why You Should Register Today
Every day you delay registration, you are missing out on benefits that can help your business grow. Here are five reasons to register right now:
- Avoid loan rejections by banks
- Get priority in government tenders
- Save on taxes and certifications
- Build credibility and trust
- Protect your business legally
Note: Now easily update udyam certificate through the udyam portal
Final Thoughts
Quick Udyam Registration is the first step to formally establishing your MSME. With just your Aadhaar number, PAN, and basic business information, you can complete the registration within minutes. You’ll get access to a wide range of government schemes, loans, protection, and opportunities that can help you grow your business faster.
Don’t wait. Whether you are starting a new business or want to give your existing business a boost, start your MSME journey now by getting Udyam Registered today.