What is Udyam Registration?
Udyam Registration also known as MSME Registration is nothing but a government registration that is provided along with a recognition certificate and a unique number to certify small/medium businesses or enterprises. The central motive behind this facility was to provide the maximum benefits to medium or small-scale businesses or industries in India, who are registered via MSME through their Aadhar Card Number.
The entities which are eligible for Udyam Registration are meant to be either in manufacturing or producing or processing or preservation of goods or in providing the services. But there are a set of criteria that an entity has to meet to be classified as a medium, small, or micro-enterprise for obtaining the MSME registration.
Documents Required for Udyam Registration
- Aadhar Card of Proprietor/Partner/Karta/Director
- PAN Card of Applicant
- GST Registration Certificate
- Bank Statement
- Past Income Tax Return Details
- Details of Business