The Udyam portal is an online registration platform for Micro, Small, and Medium Enterprises (MSMEs) in India. It allows businesses to register and obtain a unique Udyam Registration Number, which is essential for availing the benefits and schemes provided by the government for MSMEs. The portal also serves as a single-window for all MSME-related activities, including registration, tracking of status, and updating of information. The GeM portal, which is the Government e-Marketplace for procurement of goods and services by various government departments and organizations, provides added benefits for registered MSMEs. By registering on both portals, MSMEs can increase their visibility to government buyers and access opportunities for procurement contracts. MSMEs can register on the government GeM portal via the udyam registration, streamlining the public procurement process and enabling digital selling to the government. MSMEs looking to register on the GeM portal should go through the Udyam registration eliminating the need for a seprate GeM registration. This integration helps in promoting the growth and sustainability of MSMEs by providing them with a wider market reach and an avenue to showcase their products and services. Overall, the Udyam portal and its connection to the Gem Portal play a crucial role in supporting the development of MSMEs in India.

What are the different classifications of MSME:

Under the Micro, Small and Medium Enterprises Development (MSMED) Act of 2006 definition, all enterprises under manufacturing and service categories were considered MSME, later in 2021 a revision broadened the scope and included wholesalers and retailers too. This classification is done based on the investment amount and turnover of the enterprise.

Is there any turnover limit for MSMEs?

Yes, there is a turnover limit for MSME which is 5 crores for small enterprises, 50 crore for medium enterprises and 250 crore for medium enterprises.

What is the Eligibility for Udyam Registration Process

This is also one of the most frequently asked questions and the only specific criteria for the Udyam registration process is that the enterprise should be a micro, small or medium entity. If your enterprise fulfils this specific criteria then you can register your business on the udyam portal. The aim behind the registration is to encompass a diverse range of entities.

What are the Benefits of the Udyam Registration Process:

There are various benefits Udyam registration for MSMEs such as:

1. Avail financial facilities without collateral requirements
2. Access to central government schemes, subsidies and industry-specific benefits.
3. Concessions on bank interest, taxation, and stamp duty.
4. Preference in government tender process, protection against delayed payments and more.

What is the Online Procedure for the Udyam Registration Process?

One of the most frequently asked questions is regarding the process of registering for Udyam. So, we will guide you through the steps involved in the registration process.

Step 1: To register, go to the Udyam registration portal.

Step 2: On the homepage, select the option "For new entrepreneurs who are not registered as msme or those with em-ii."

Step 3: Enter the OTP that you received on your registered cellphone number together with your Aadhaar number.

Step 4: To validate your Aadhaar number, click the "Validate" button.

Step 5: After that, verify the PAN card, PAN number, and enterprise type. This is going to verify your PAN card.

Step 6: Fill in the information with the name of the business owner, phone number, name of the plant or unit, address, status, bank information, type of activity of the unit, NIC code for the firm, and number of employees.

Step 7: Choose the declaration after entering the plant and turnover investment information. "Submit and Get Final OTP" will appear.

Step 8: To submit the form, enter the OTP. The Udyam e-registration certificate will be sent to your registered email address by email.

Step 9: By going directly to the Udyam Registration verification link on their website, you may easily print a copy of your Udhyam registration or confirm its validity.

What are the Features of Udyam Registration:

Features of Udyam registration include a permanent Udyam registration number, zero cost of online process, integration of income tax and GSTIN systems and only a single registration is allowed per enterprise.

What are the Documents Required for MSME Registration

The most basic documents that are required are an Aadhar card and a PAN card, other documents that may play a significant role during the registration include:

1. Registered mobile number
2. GST certificate and copy of passbook
3. List of male and female employees employed in the company
4. Partnership deed, if any
5. Articles of Association
6. Memorandum of Association

To conclude the MSME sector plays a significant role in rural sectors and urban India. The Udyam MSME certificate is an attempt to recognise businesses as MSMEs and support them. To know more about how to register on the GeM portal and its benefits visit the national tenders website. It is a one-stop solution if you are looking for government tenders to bid on. With cooperative and expert staff the bidding process is made easy.

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Mastering the GeM Portal: Ultimate Guide to Bid & Win Government Tenders on GeM