MSME/Udyam REGISTARTION- RSKASSOCIATE
MSME/UDHYAM REGISTARTION
MSME (Micro, Small, and Medium Enterprises) or Udyam registration in India is a government initiative that provides various benefits and support to businesses falling under the MSME category. The registration process has been streamlined and made online to facilitate easy registration and access to these benefits.
Eligibility Criteria: The MSME definition was revised in 2020. Enterprises are categorized based on their investment in plant and machinery or equipment, along with turnover. Micro, Small, and Medium enterprises have different investment and turnover limits. You need to ensure that your business falls within these limits to be eligible for MSME registration.
Online Registration: The registration process for MSME/Udyam can be done online through the Udyam Registration Portal (https://udyamregistration.gov.in/). You need to create an account and provide your Aadhar card number for authentication.
Business Details: Fill in the required information about your business, such as name, type of organization, PAN (Permanent Account Number), location, and contact details.
Business Classification: Choose the appropriate NIC code (National Industrial Classification) that corresponds to your business activities. This code helps classify your business into specific sectors.
Investment and Turnover Details: Provide details of your investment in plant and machinery or equipment, as well as your turnover for the previous financial year.
Verification: The information you provide will be verified through your Aadhar-linked mobile number. An OTP (One-Time Password) will be sent for verification.
Final Submission: Once the verification is completed, you can submit the application. You will receive an Udyam Registration Number.
Benefits of MSME/Udyam registration may include access to government schemes, subsidies, credit facilities, protection against delay in payments, and more. These benefits aim to promote and support the growth of micro, small, and medium enterprises in India.
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