MSME stands for Micro, Small, Medium Enterprises. In a developing country like India, these small upcoming companies are the backbone of the economy; as these companies grow, the country grows as a whole. These small-scale industries are what India needs at this point and it’s important for one to know how to go about registering for one. This registration is not yet made mandatory by the Government but it is beneficial to get one’s business registered under this as it can provide a lot of benefits when it comes to taxes, credit facilities, loans, etc.
How to go about registration?
MSME registration is to be applied for completed in the governmental portal of udyam registration.gov.in. The registration should be done in one of the two categories in the portal-
One is for new entrepreneurs who are not registered yet as MSME and those with EM-II. For those already having UAM registration and want to migrate to Udyam then click on the button “for those already having registration”.
Instructions for the registration process
The portal provides all the instructions for the registration process. At the end of the page on the portal, all the details necessary for you to login are given in bullet points. These points give detailed instructions on how to register and what you will need to register.
But in this article, we will provide you the details of the paperwork required for the registration.
- Name of the applicant – While registration uses the name that is mentioned in your Aadhaar card.
- Mobile number – Fill out your mobile number, once again make sure it is the one mentioned on the Aadhaar card. Any other number won’t be accepted. Make sure to type it correctly.
- Your email address – Make sure to write your email address onto the form because your certificate is going to be sent to your registered email address.
- Gender – Select your gender in the options given in the form below.
- Name of business or the enterprise – Fill in the name of your business or the enterprise. Make sure to double-check for spelling mistakes because this is the name that will be printed on your MSME Certificate.
- Type of organisation – There will be many options given in the online form. Select the type of organisation that describes your enterprise the best.
- Office address – Fill out the address of your office. Once again make sure not to make spelling mistakes.
- Main business activity – Select the main activity of your business or enterprise from the options in the online form.
Step-by-Step Process to Register for MSME
- Step 1 – Fill these details out on the Udhyam Registration Registration Form. It is paramount that you enter the information and detail correctly.
- Step 2 – After that, you can proceed to make the online payment to get your Udhayam Registration applications. There is an easy bank transfer option.
- Step 3 – Then one of the executives responsible for the registrations will process and check your Udhayam Registration applications. And in a matter of two or three hours, you will receive your registration certificate on your registered email ID.
Details of the portal
The home page gives all the details about the portal under the heading “Welcome for MSME(Udyam) registration). It states all the details, right from the process to the pricing of the process. The portal is free of cost and an MSME registration is also free of cost; any site asking for money is definitely not a Governmental agency.
Takeaway of this article
No enterprise or company can register for more than one Udyog aadhar. If anyone suppresses the knowledge of this fact, they can be liable to penalty under the specified Act. Registration is not a long or taxing process so there is no need to worry about it. Everything you need to know and have a doubt about can be solved by going through the portal of the Udyam site. Whether you want to register for a business or other institutions, it’s all clearly explained. The site is user-friendly and made with clear bullet points to follow. The bullets state clearly how to proceed and guide you through the whole process. The government wants more people avail MSME loan that’s why they have launched PM svanidhi, mudra loan scheme and CGTMSE to help MSMEs.
