The New MSME/Udyam Registration System Passes The Test Of Time And Technology

The New MSME/Udyam Registration System Passes The Test Of Time And Technology

The Union MSME Ministry’s new online MSME / Udyam Registration system, which went live on July 1, 2020, has proven to be a success, with more than 11 lakh MSMEs having successfully registered. 

With effect from July 1, 2020, the Ministry of MSME has updated the definition of MSMEs and the registration process. It also established, a new portal for MSME/Udyam registration. Since then, the site has run without a hitch. This portal is the first of its kind to be seamlessly connected with the CBDT and GST networks, as well as the GeM. It should be emphasized that, as a result of this integration, MSME registration is now completely paperless.

All of the Ministry’s Field Establishments, including MSME Development Institutes, MSME Technology Centers, NSIC, KVIC, and the Coir Board, have been instructed to provide full support to businesses for Udyam Registration. Likewise, all District Magistrates and District Industries Centers have been asked to speed up MSMEs’ registration. MSMEs’ registration grievances are handled via CHAMPIONS’ platform, which has a network of 68 State Control Rooms and a Central Control Room across the country.

The trend and overall picture, according to an examination of registrations to October 31, 2020 (more than 10 lakh), is as follows:-

  • 3.72 lakh businesses have registered in the manufacturing category, while 6.31 lakh businesses have registered in the service sector.
  • Microbusinesses account for 93.17 percent of all businesses, while small and medium businesses account for 5.62 percent and 1.21 percent, respectively.
  • Male entrepreneurs possess 7.98 lakh businesses, whereas female entrepreneurs own 1.73 lakh businesses.
  • As a transitional measure, registration without a GST number is also authorized until 31.03.2021.

Enterprises that have not yet registered should do so in order to take advantage of the Ministry of MSME and other government agencies services. Registration is free and should only be done through the Udyam portal.

Suggested Read: Print Udyam Registration Certificate

A venture will be delegated a miniature, little, or medium undertaking based on the accompanying standards, in particular: – –

(I) a miniature venture, where the interest in plant and apparatus or gear doesn’t surpass one crore rupees and turnover doesn’t surpass five crore rupees;

(ii) a little endeavor, where the interest in plant and hardware or gear doesn’t surpass ten crore rupees and turnover doesn’t surpass fifty crore rupees; and

(iii) a medium venture, where the interest in plant and apparatus or gear doesn’t surpass fifty crore rupees and turnover doesn’t surpass 200 and fifty crore rupees.

For the point-by-point lawful structure for order of MSMEs and procedures for their Registration Click Here

The government has coordinated a full arrangement of Facilitation for the Registration Process

An endeavor with the end goal of this cycle will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’

A super durable enlistment number will be given after enrollment.

After the culmination of the course of enlistment, an endorsement will be given on the web.

This authentication will have a unique QR Code from which the website page on our Portal and insights concerning the endeavor can be gotten to.

There will be no requirement for the reestablishment of Registration.

Our single window frameworks at Champions Control Rooms and at DICs will help you simultaneously.

The enlistment process is absolutely free. No Costs or Fees are to be paid to anybody.

MSME Registration is free, paperless, and in view of self-affirmation

MSME enlistment process is completely on the web, paperless, and in view of self-affirmation.

No archives or verification are expected to be transferred for enlisting an MSME.

Just an Adhaar Number will be enough for enlistment.

Dish and GST connected subtleties on speculation and turnover of endeavors will be taken consequently from Government information bases.

Our web-based framework will be completely coordinated with Income Tax and GSTIN frameworks.

Having PAN and GST numbers is compulsory from 01.04.2021.

The people who have EM-II or UAM enlistment or some other enrollment given by any authority under the Ministry of MSME should re-register themselves.

No endeavor will document more than one Udyam Registration. Nonetheless, quite a few exercises including assembling or administration or both might be determined or included in one Registration.


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