The new registration for Udyam Registration will commence from July 1st, 2020 MSME
Minister Nitin Gadkari announced that the government has decided to inject helicopter money into struggling economic system of the country. The budget of Rs 3 lakh crore for loans and Rs 20,000
crore subordinated debt is allocated with revised definitions for Micro, Small and Medium
Enterprises sector.
In this Udyam Registration Package, more than 7 measures directly relate to MSMEs .including
guarantee free and collateral-free loans total of Rs. 3.00 Lakh crores which can benefit up to 45
lakh units .with moratorium of 12 months on payment of Principal. Government has also created
Sub-ordinate Debt Fund with the provision of Rs.20000 crores and banning global tendering in
Government procurement. Ordering Government Departments and the CPSEs to pay the receivables to MSMEs within next 45 days.
Online registration for Udhayam norms based on self-declaration. the entire registration process is online and. Full integration with Government database.
(1) The dedicated website for Udhayam new registration and re-registration
I. udyamregistration.gov.in
II. radiumbox.com
(2) Document needed -
I. Adhaar card ( it should be linked with your PAN card)
II. GST and PAN number is mandatory from 1st April 2021
(3) Eligibility - Who can register under Udhayam
I. proprietor in the case of a proprietorship firm
II. managing partner in the case of a partnership firm
III. karta in the case of a Hindu Undivided Family (HUF)
IV. Authorised signatory in the case of a Company
V. Authorised signatory in the case of a Limited Liability Partnership
VI. Authorised signatory in the case of a Cooperative Society
VII. Authorised signatory in the case of a Society
VIII. Authorised signatory in the case of a Trust
(In case of a Company or a Limited Liability Partnership or a Cooperative Society
or a Society or a Trust, the organisation or its Authorised signatory shall provide
its GSTIN and PAN along with its Aadhaar number)
(4) Classification
I. Micro-Enterprise ---1 Crore Investment AND –Turnover-- 5 Crore
II. Small Enterprise —10 Crore Investment AND –Turnover-- 50 Crore
III. Medium Enterprise —50 Crore Investment –Turnover-- 250 Crore
(5) Investment ----
I. Previous IT Return shows the connection
II. If new enterprise shows the self-declaration up to 31st March-2021 3
III. Definition of plant and machinery include (all tangible asset but not land, building, Furniture) as per Income Tax Rule 1962 definitions.
IV. Value of plant and machinery will be considered as per Invoice of Machinery and
equipment excluding GST
(6) Turnover
I. Exported good and services is excluded in Turnover
II. Information of Turnover shall be linked with IT Returns, OR CGST declaration OR GSTIN
(7) Benefits
I. Excise exemption
II. Credit guarantee scheme
III. Exemption under the indirect taxes
IV. Concession in the electricity bills
V. is eligible for government schemes.
VI. bank loans at lower interest rates as
VII. Access to government tenders specially opened to MSME industries.
VIII. Tax rebates. 1.5%.
(8) Re-registration
I. Units having EM-II or UAM registration or any other registration issued by any
the authority under the Ministry of MSME will have to re-register.
Government has taken steps to build a self-reliant Atmnirbhar Bharat to raise India on five Pillars
of economy, infrastructure, technology-driven systems, demography and demand.
