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What is the Process of Udyam Registration?
Udyog Aadhar registration will be referred to as registration Udyam. Udyam Registration is a simple process for startups and SMEs in India. Rajendra Law Office will register you as an easy UDYAM Company. Registration of the company will provide more benefits to enjoy a government scheme.
What is the Meaning of Udyam?
The meaning of the word “Udyam” is nothing but “Enterprise”
A Govt notification saying that hereafter, an SME will be known as Udyam. Thus, the registration process will be called as Udyam Registration.
Udyam Registration benefits
If you would like to avail the following benefits SMEs / MSMEs Subsidy / Low-Interest Loan / Collateral Free Loan / etc, you need to register under the new Udyam Registration Scheme.
- The reduced Interest rate for loans
- Subsidy in Barcode registration
- Beneficial reservation policies in the manufacturing/ production sector
- Government security deposit waiver (Useful while participating tenders)
- Interest rate exemption on OD
- Eligibility for CLCSS (credit linked capital subsidy scheme)
- International trade fair special consideration
- ISO certification fees reimbursement
- Electricity bills concession
- Stamp duty and registration fees waiver
- Direct tax laws rules exemption
- NSIC performance and credit rating fees subsidy
- Obtain licenses, registrations, and approvals Easily
- Collateral free loans from banks
- Patent registration subsidy
- IPS subsidy eligibility
Due Date for Registration of Udyam
According to the latest law, all companies MSMEs must register/convert to Registration of new Udyam immediately. The Government has given a new maturity date which is extended upto 31 Mar 2021. This means that all companies MSMEs must register / convert on or before March 31, 2021 to enjoy the benefits of MSMEs/SMEs.
Which is the authority of the government for this Registration?
The Central Government on the recommendation of the Advisory Committee on behalf of the notification of this is doing certain criteria to classify a company as small and medium micro-enterprises. Of course, These are all under the Ministry of Micro, Small and Medium Enterprises.
Online portal for Registration Udyam
The government notification says that Online Portal for registration of Udyam (Udyam Parichay) with a self-declaration is enough. This portal will process all Udyam Authentication on the basis of Aadhar Number. It is not necessary to upload documents/attachments.
Registration Process of Udyam
It’s quite simple. With the Aadhar based verification and Self-declaration, Udyam Registration Number will be issued thereafter you can download the Certificates. The process is as follows:
Registration Number of Udyam
After a successful validation system of Aadhar, Udyam Registration Portal (Enterprise India / Udyam Parichay) will issue an Unique Identification Number. This number will be used to apply for Subsidies from Govt Schemes / Loans at Low Interest / Other SME/MSME benefits.
Udyam Certificate
You can download the Registration Certificate soon in Udyam Parichay Portal. This certificate is used to identify companies Udyam and enjoy the benefit of SMEs.
Intergaration of Udyam Portal
The Central Government has made an agreement for the integration of the GST & Income-tax Portals for a hassle-free system to make an easy verification of the company applying for Udyam. This is to enjoy Advantages and benefits out of it.
