On July 1, 2020, a new classification and registration process for MSME Enterprises was initiated under the name "'Udyam registration’. The Union Ministry of MSME of India had announced the same via a notification dated June 26.

The MSME Ministry of India has launched a new portal to register for Udyam Registration www.udyamregistration.gov.in. The portal will help guide the s the entrepreneurs step by step as to what they should know, what they should do.

Requirement for Registration:

• Aadhar Number is required for registration of Udyam Certificate

• Your PAN & GST number is mandatory from 01.04.2021.

Procedure:

• Step 1: Go to the website, www.udyamregistration.gov.in

• Step 2: Fill your Name and Aadhaar number as per aadhaar card and click on “Validate & Generate OTP”

• Step 3: Verification of PAN

• Step 4: Filling of Udyam registration form

• After successful verification of Aadhar, Udyam Registration Certificate will be generated online.

• No fees is required for applying Udyam registration.

Benefits of Udyam Registration*:-

• Udyam Registration can be used as a proof of Proprietorship.

• Udyam Registration can be used to open current account for business.

• Udyam Registration number is required to avail benefits of all government schemes related to MSME

• 50% discount on Trademark and Patent Fees

• ISO Certification charges reimbursement

• Waiver in security deposit while making application for Government tenders

• Ease of obtaining Registrations, Licenses and approvals from Government