Overview
Udyam Registration, earlier known as Udyog Aadhaar, is a government registration provided to Micro, Small and Medium Enterprises under the Ministry of Micro, Small and Medium Enterprises. This registration gives official recognition to businesses and enables them to access various government schemes, incentives and financial benefits. It is a paperless and online registration system introduced to simplify MSME compliance in India.
Any business engaged in manufacturing, trading or providing services can apply for Udyam Registration. It is available for proprietorships, partnerships, LLPs, private limited companies, one person companies and Hindu Undivided Families. The classification of MSMEs is based on investment in plant and machinery or equipment and annual turnover, as prescribed under the MSME Development Act.
Udyam Registration plays a crucial role in helping small businesses grow and compete in the market. Registered MSMEs get easier access to bank loans, lower interest rates, priority sector lending and eligibility for government tenders. It also helps businesses claim subsidies, protection against delayed payments and benefits under various central and state government schemes.
BizGlobal Professional Services assists businesses in obtaining Udyam Registration quickly and correctly. From checking eligibility and classification to completing the online filing and generating the Udyam Registration Certificate, our team ensures error free registration. We also guide clients on linking PAN and GST, updating details and availing MSME benefits, allowing business owners to focus on growth while we handle compliance.
