Frequently Asked Questions
Question :1. What is UDYAM Registration?
UDYAM Registration is an online registration process in India for micro, small, and medium-sized enterprises (MSMEs) to avail various benefits and schemes provided by the government.
Question : 2. Who is eligible to apply for UDYAM Registration?
Any business entity that qualifies as a micro, small, or medium-sized enterprise can apply for UDYAM Registration.
Question :3. What are the eligibility criteria for MSME classification?
The eligibility criteria are based on investment in plant and machinery or equipment and annual turnover. For detailed criteria, visit the official UDYAM Registration portal.
Question : 4. What is the difference between UDYAM Registration and MSME Registration?
UDYAM Registration and MSME Registration are two distinct processes in India for recognizing and supporting micro, small, and medium-sized enterprises (MSMEs). UDYAM Registration is a recent system introduced in 2020 to replace the earlier MSME Registration process. The main difference lies in the name and the online platform used for registration. UDYAM Registration is the updated and digital version, while MSME Registration refers to the previous method.
Question :5. Can a business change its category (e.g., from micro to small) after UDYAM Registration?
Yes, a business can change its category (e.g., from micro to small) after UDYAM Registration in India. The UDYAM Registration system allows for the flexibility to upgrade or downgrade your business category based on its growth and eligibility criteria.
Question : 6. Can an individual or proprietorship firm apply for UDYAM Registration?
Yes, an individual or proprietorship firm can apply for UDYAM Registration.
Question : 7. Can I download the UDYAM Registration certificate online?
Yes, you can download UDYAM Registration Certificate online through UDYAM portal by clicking on print UDYAM certificate tab.
Question : 8. What documents are required for UDYAM Registration?
You'll need your AADHAAR card, PAN card, and business-related information for registration.
Question :9. Can I update my Udyam Registration details?
Yes, you can update your details,including investment and turnover figures, on the Udyam Registration portal.
Question :10. What is the validity period of Udyam Registration?
Udyam Registration is valid for a lifetime unless your business exceeds the eligibility criteria.
Question : 11. What is the NIC Code for Udyam Registration?
The NIC (National Industrial Classification) Code for Udyam Registration is a numerical code that categorizes and classifies different types of economic activities and industries. This code helps the government categorize and track businesses more effectively.
Question :12. Is PAN and GSTIN mandatory for UDYAM Registration?
Yes, both PAN (Permanent Account Number) and GSTIN (Goods and Services Tax Identification Number) are mandatory for UDYAM (formerly known as Udyog Aadhaar) Registration in India.
Question :13. Can a Trader apply for Udyam registration?
- Yes, a trader can apply for Udyam registration in India. You just need to select Traders under main business activity .
Question : 14. What is the process of Udyam registration?
-> Visit Udyam Registration Portal. -> Fill the given form with all correct details. -> Duly check the form before submitting. -> Make a successful payment for your udyam application. -> After successful submission of your application, one of our executive will contact you for further process. -> Within 1-2 working hours, you’ll get your UDYAM certificate in your registered email address.
Question : 15. Can I cancel my Udyam Registration?
Yes, anyone can cancel their Registration with udyam in a single click. They just need to visit udyam registration online portal.
Question : 16. Can I register more than one MSME using a single Aadhaar Card?
No, you can only register one MSME (Micro, Small, and Medium Enterprise) using a single Aadhaar card for Udyam registration in India.
Question : 17. Is Udyam Registration mandatory for MSMEs?
It is not mandatory but is highly recommended, as it offers several benefits and protection to registered MSMEs.
Question : 18. What is the Udyam Certificate Number?
The Udyam Certificate Number is a Unique Identification Number assigned to businesses after successful Udyam registration in India. Format is : UDYAM-XX-00-0000000
Question :19. Can a registered MSME apply for loans and subsidies immediately after registration?
Yes, you can apply for loans and subsidies once registered.
Question : 20. Can an agricultural business apply for Udyam Registration?
Agriculture-related activities are generally not covered under Udyam Registration. It is primarily for manufacturing and service enterprises
Question : 21. Is Udyam Registration applicable to exporters and importers?
Yes, Udyam-registered businesses engaged in export or import activities can avail benefits related to their business activities.
Question : 22. Can an Udyam-registered business participate in government tenders?
Yes, Udyam-registered businesses are often given preference in government tenders and procurement processes.
Question : 23. What is the Udyam Registration number, and how is it different from the Udyam Certificate?
The Udyam Registration number is a unique identifier provided upon successful registration, while the Udyam Certificate is a formal document certifying your registration.
Question : 24. What are the benefits of Udyam Registration?
The benefits of Udyam Registration include easier access to loans, subsidies, government schemes, lower interest rates, protection against delayed payments, and exemptions under certain laws and regulations for micro, small, and medium-sized enterprises (MSMEs).
Question : 25. Is it possible to transfer Udyam Registration from one owner to another in case of a business sale or transfer?
Udyam Registration is not transferable. If there is a change in ownership, the new owner must apply for a fresh Udyam Registration.