MSME (Udyam) Registration in India Unlocking Growth for Your Business
In India,MSMEs stand for Micro, Small, and Medium Enterprises. Nowadays, India has become a fast-growing startup and entrepreneurial ecosystem where minds come together with diverse ideas for business.
To empower these businesses, the Government of India offers Udyam Registration — a simplified digital process for registering under the MSME Act and enjoying a multitude of government benefits and opportunities designed to foster your business's growth and resilience.
What is Udyam Registration?
Udyam Registration is the official recognition of a business as an MSME by the Ministry of Micro, Small, and Medium Enterprises, Government of India.It provides a unique Udyam Registration Number (URN) and a certificate, classifying your business as 'Micro', 'Small', or 'Medium' based on revised investment in plant & machinery/equipment and annual turnover criteria.
| Type | Max Investment in P & M | Max Turnover |
|---|---|---|
| Micro | ₹2.5 crore | ₹10 crore |
| Small | ₹25 crore | ₹100 crore |
| Medium | ₹125 crore | ₹500 crore |
*Both manufacturing and service-based businesses fall under MSME.
Any business in India can apply for MSME, whether it is small or big.
What is the need for MSME Registration? Is it beneficial for a business?
Yes, registering your business is helpful.
Genserve can help you to know more about MSME Registration.
Documents required for MSME Registration.
No physical documents or proofs need to be uploaded during the online registration process.