SSI/MSME/Udyog Aadhar Registrations

Udyam Registration or MSME Registration is the new process for registering MSME (micro, small and medium enterprises) launched by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. The Ministry had
also revised the definition of MSMEs from the same date. An enterprise for this process is known as Udyam, and its Registration Process is known as Udyam Registration. A permanent registration number along with a
recognition certificate will be issued after Registration.
The Udyog Aadhaar registration has been transformed to the Udyam registration since July 2020. Udyam registration has made the process more accessible than it was earlier, at the time of Udyog Aadhaar
registration. Udyam registration is essential for availing the various benefits of schemes or programs of the Ministry of MSME, such as the Credit Guarantee Scheme, public procurement policy, additional edge in
Government Tenders and protection against delayed payments, etc.

Udyam Registration Benefits

The Udyam Registration is a simple process and there is no need to handle the paperwork for obtaining Udyam Registration. Having Udyam Registration for your venture entitles your Business to the following benefits:
★ Special Preference in Procuring Government Tender
★ Udyam registration will help to get the bank loans without Collateral/ Mortgage. 1 % percent Exemption on the interest rate on Bank Overdraft (OD)
★ There are various tax rebates available for Udyam registered enterprises.
★ Higher preference is provided to businesses registered under Udyam for government license and certification.
★ Registered Udyam gets tariff subsidies and tax and capital subsidies
★ Concession in Electricity Bills
★ It gives protection against the delay in payment from Buyers
★ Tax Rebates
★ Special 50% discount on Government fees for Trademark and Patent filing
★ Fast Resolution of Disputes

What are Udyog Aadhar Fees?
The Registration for MSMEs under Udyam Registration Portal is entirely online, and there is no fee for MSME registrations. It is free of cost.
The registration process can be tedious and time-consuming, but we can help you make it easier. With our assistance, you can quickly get your Udyog Aadhar/Udyam Registration done with minimal effort and hassle.

Who is eligible to apply for MSME registration?
MSME registration can be obtained by the following entities that fulfill the revised MSME classification criteria of annual turnover and investment:
★ Individuals, startups, business owners, and entrepreneurs
★ Private and public limited companies
★ Sole proprietorship
★ Partnership firm
★ Limited Liability Partnerships (LLPs)
★ Self-Help Groups (SHGs)
★ Co-operative societies
★ Trusts
These entities involved in the following activities are eligible for Udyam registration:
★ Manufacturing Enterprises
★ Service Enterprises
★ Small retailers or wholesalers

SSI Registration Eligibility Criteria
SSI registration can be obtained for manufacturing units if the investment in plant and machinery (excluding land & buildings) is within any of the following levels:
★ Micro Enterprises: Investment of up to Rs.25 lakhs in plant and machinery
★ Small Enterprises: Investment of up to Rs.5 crores in plant and machinery
★ Medium Enterprises: Investment of up to Rs.10 crores in plant and machinery
SSI registration can be obtained for service rendering units if the investment in equipment (excluding land & buildings) is within any of the following levels:
★ Micro Enterprises: Investment of up to Rs.10 lakhs in equipment
★ Small Enterprises: Investment of up to Rs.2 crores in equipment
★ Medium Enterprises: Investment of up to Rs.5 crores in equipment

Benefits of obtaining SSI Registration
SSI registration is not a mandatory requirement for a small business in India. However, businesses that have SSI registration can avail some benefits, incentives or support given either by the Central or State Government.
Some of the incentives offered for SSI businesses include:
★ Priority sector lending in Banks
★ Reduction in bank loan interest rate
★ Excise exemption scheme
★ Exemption under direct tax laws
★ Statutory support such as reservation
★ Interest on Delayed Payments Act