Asktrix

MSME/Udyam Registration with Asktrix

MSME/Udyam Registration is a crucial step for businesses in India to gain official recognition and access various government benefits. Asktrix provides comprehensive assistance throughout the registration process, ensuring your business meets all requirements efficiently and accurately.

What is MSME/Udyam Registration?

MSME/Udyam Registration is an official recognition provided by the Government of India to Micro, Small, and Medium Enterprises. This registration enables businesses to access various government benefits, schemes, and incentives designed to promote growth and development in the MSME sector.

Why Choose Asktrix for MSME/Udyam Registration?

  • Expert Guidance: Professional support from experienced consultants
  • Hassle-free Process: Streamlined registration process with minimal documentation
  • Timely Assistance: Quick processing and regular updates on application status
  • Access to Benefits: Complete guidance on available government schemes and incentives

Key Features of MSME/Udyam Registration

  • Easy Online Process: Simple and user-friendly online registration
  • Government Recognition: Official recognition as MSME entity
  • Access to Government Schemes: Eligibility for various government programs
  • Simplified Compliance: Reduced compliance requirements
  • Business Growth: Enhanced credibility and market access

Types of MSMEs

Micro Enterprise

Investment in plant and machinery: Up to ₹1 crore
Annual turnover: Up to ₹5 crore

Small Enterprise

Investment in plant and machinery: ₹1 crore to ₹10 crore
Annual turnover: ₹5 crore to ₹50 crore

Medium Enterprise

Investment in plant and machinery: ₹10 crore to ₹50 crore
Annual turnover: ₹50 crore to ₹250 crore

Documents Required for MSME/Udyam Registration

  • Aadhaar Number: Valid Aadhaar card of the business owner
  • PAN Card: Permanent Account Number of the business
  • Business Registration Proof: Certificate of incorporation or partnership deed
  • Financial Statements: Latest audited financial statements
  • Bank Account Statement: Recent bank statements

Eligibility Criteria for MSME/Udyam Registration

  • Business Type: Manufacturing or service sector businesses
  • Investment and Turnover Limits: Must fall within prescribed limits
  • Aadhaar Requirement: Valid Aadhaar number mandatory
  • Business Registration: Must be registered under applicable laws

Step-by-Step Registration Process with Asktrix

Our streamlined process ensures quick and hassle-free MSME registration:

1

Gather Required Documents

Collect all necessary documents including Aadhaar number, PAN card, business registration proof, financial statements, and bank account details for MSME registration.

2

Online Application Submission

Fill out the online application form on the official Udyam portal with accurate business details, investment information, and turnover data.

3

Document Upload and Verification

Upload all required documents in the specified format and submit the application. The system will verify the submitted information and documents.

4

Government Verification Process

Government authorities verify the submitted documents and information. This process typically takes 1-2 working days for completion.

5

Receive Udyam Registration Certificate

Upon successful verification, receive your official Udyam Registration Certificate with unique Udyam Registration Number (URN) for accessing government benefits.

Rules and Regulations for MSME/Udyam Registration

  • Single Registration: One registration per business entity
  • No Renewal Required: Registration is valid for lifetime
  • Change in Status: Must update registration if business grows beyond limits
  • Annual Self-Assessment: Annual declaration of business status

Compliance Requirements After Registration

  • Maintain Records: Keep updated business records and financial statements
  • Timely Filings: Submit required annual declarations
  • Annual Renewal: Update registration status annually (if applicable)

Benefits and Government Schemes for MSMEs

  • Access to Credit: Priority sector lending and lower interest rates
  • Subsidies and Incentives: Various government subsidies and financial incentives
  • Market Support: Government procurement preferences
  • Skill Development: Training and skill development programs
FAQ

Frequently Asked Questions

Find answers to common questions about MSME/Udyam Registration, eligibility, documents, process, benefits, costs, and timelines.

What is Udyam Registration?

Udyam Registration is the new system for MSME registration introduced by the Government of India. It replaces the earlier Udyog Aadhaar registration and provides a single, unified platform for MSME registration.

Who is eligible for MSME registration?

Any business entity engaged in manufacturing or service activities that meets the investment and turnover criteria specified for Micro, Small, or Medium enterprises is eligible for MSME registration.

Is there any fee for MSME registration?

No, MSME/Udyam Registration is completely free of cost. The government does not charge any fees for the registration process.

How long does the registration process take?

The registration process typically takes 1-2 working days after submission of all required documents. The certificate is generated automatically upon successful verification.

Can I apply offline for MSME registration?

No, MSME/Udyam Registration is only available online through the official government portal. Offline applications are not accepted.

Do I need to renew my MSME registration?

No, MSME registration is valid for lifetime. However, you need to update your registration annually with current business information and status.

What documents are required for registration?

Required documents include Aadhaar number, PAN card, business registration proof, financial statements, and bank account details.

What are the investment and turnover limits?

Micro: Investment up to ₹1 crore, turnover up to ₹5 crore. Small: Investment ₹1-10 crore, turnover ₹5-50 crore. Medium: Investment ₹10-50 crore, turnover ₹50-250 crore.

Can I register multiple businesses?

Yes, you can register multiple businesses, but each business entity requires a separate registration with unique details.

What if my business grows beyond MSME limits?

If your business grows beyond MSME limits, you need to update your registration status. The registration remains valid, but you may lose certain MSME-specific benefits.

Are there any penalties for non-compliance?

While there are no direct penalties for not registering, businesses miss out on various government benefits, subsidies, and preferential treatment available to registered MSMEs.

How do I access government benefits after registration?

After registration, you can access various government schemes, subsidies, and benefits by presenting your Udyam Registration Certificate to relevant authorities and financial institutions.

What if I want to change my business structure?

If you change your business structure, you may need to update your registration details or apply for a new registration depending on the nature of changes.

How does Asktrix assist with MSME registration?

Asktrix provides complete assistance including document preparation, application filing, follow-up with authorities, and guidance on accessing government benefits and schemes.

Can I apply if I have a start-up?

Yes, start-ups can apply for MSME registration if they meet the investment and turnover criteria. This provides additional benefits and recognition for your start-up.

What is the validity of the certificate?

The Udyam Registration Certificate is valid for lifetime, but you need to update your business information annually to maintain active status.

Is there any way to look for MSME/Udyam Registration?

You can search for existing MSME registrations on the official Udyam portal using PAN number or Udyam Registration Number.

How can I check the status of my application?

You can check your application status by logging into the Udyam portal using your registered mobile number and OTP verification.

Are there specific sectors that qualify for MSME registration?

MSME registration is available for businesses in manufacturing and service sectors. Most business activities qualify, except for certain excluded sectors specified by the government.

What support does the government provide to MSMEs?

The government provides various support including credit guarantee schemes, subsidies, skill development programs, market access support, and preferential treatment in government procurement.

MSME/Udyam Registration is essential for businesses to access government benefits and grow sustainably. With Asktrix's expert guidance, you can complete the registration process efficiently and start benefiting from various government schemes and incentives.

Clear your doubts

Price Starts Onwards
₹1,899 INR