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MSMEs are essential to India’s economy but often face growth challenges. To support them, the government introduced Udyam Registration on July 1, 2020, to classify MSMEs and provide benefits like easier access to loans, subsidies, and schemes. The process integrates with PAN, GST, and IT systems, ensuring recognition and credibility. Ensurekar simplifies Udyam Registration, helping businesses grow with minimal effort.
MSMEs contribute significantly to GDP by boosting manufacturing, services, and exports.
They provide jobs to over 110 million people, especially in rural and semi-urban areas.
Promotes innovation and self-reliance by supporting small-scale business owners.
Accounts for approximately 45% of India’s total exports.
Helps in reducing regional disparities and promoting equitable growth across sectors.
As per recent amendments under the Income Tax Act 1961, MSME’s are now Eligible to receive payments within 45 days and 18% Interest if payment is not done in 45 days.
1. Government Benefits: Access to Subsidies, Tax Exemptions, and Financial Assistance.
2. Ease of Credit: Simplifies loan approvals and provides access to Collateral-free loans.
3. Market Access: Facilitates participation in government tenders reserved for MSMEs.
4. Protection and Incentives: Offers protection from delayed payments and interest on overdue amounts.
5. Legal Recognition: Establishes the business as a registered MSME, enhancing credibility.
Visit the official Udyam Registration portal to begin the MSME registration process.
Provide essential enterprise details such as business name, type, address, and ownership through self-declaration.
Verify your Aadhaar number using OTP authentication, as Aadhaar is the primary identification for registration.
If applicable, supply PAN and GSTIN details for tax identification purposes during registration.
Enterprises are classified as Micro, Small, or Medium based on their investment and turnover figures.
Upon successful registration, receive an e-certificate with a dynamic QR code containing enterprise details.
Udyam Registration is a one-time process with no need for renewal.
The system is linked with Income Tax and GST databases to fetch investment and turnover data automatically.
Enterprises with prior EM-II or UAM registrations need to re-register under the Udyam system.
All manufacturing, service industries, wholesalers, and retail traders who fulfill the revised MSME classification criteria of annual turnover and investment can apply for MSME registration. Thus, the eligibility for MSME registration depends on an entity's annual turnover and investment. 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)
Co-Operative Societies
Trusts
Business Legal Status Required
Business Address
Description of Primary Business Activities
Investment information (plant and equipment)
Turnover details (as per the new MSME definition)
Aadhaar Number of Authorized Person
PAN Number of Proprietor/ Firm’s /Company
Bank Account details of the Firm
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EnsureKar offers professional guidance throughout the entire registration process, ensuring compliance with legal requirements
We handle everything from name approval to incorporation documents, ensuring a smooth and quick registration process.
We provide clear, upfront pricing with no hidden fees, making the entire process cost-effective and stress-free.
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