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What is MSME/Udhyam Registration?
MSME/Udhyam Registration is a government initiative in India aimed at promoting and supporting Micro, Small, and Medium Enterprises (MSMEs). It provides businesses with a unique registration number and offers various benefits and incentives to help them grow and thrive.
Who is eligible to apply for MSME/Udhyam Registration?
Any enterprise involved in manufacturing or providing services and meeting the specific investment and turnover criteria for micro, small, or medium enterprises is eligible to apply for MSME/Udhyam Registration.
What are the investment and turnover limits for micro, small, and medium enterprises?
The investment and turnover limits for micro, small, and medium enterprises are as follows:
- Micro Enterprises: Investment in plant and machinery or equipment does not exceed INR 1 crore, and turnover does not exceed INR 5 crores.
- Small Enterprises: Investment in plant and machinery or equipment does not exceed INR 10 crores, and turnover does not exceed INR 50 crores.
- Medium Enterprises: Investment in plant and machinery or equipment does not exceed INR 50 crores, and turnover does not exceed INR 250 crores
How can I apply for MSME/Udhyam Registration?
MSME/Udhyam Registration can be done online through the official government portal for MSME/Udhyam Registration. The registration process requires providing basic details about the enterprise, such as Aadhaar number, PAN number, and business information.