The new enterprise is required to follow the below steps to register on Udyam Registration Portal:

• The new enterprise is willing to establish itself as an MSME and needs to apply for online Udyam Registration in Udyam Registration Portal.
• The application is based on self-declaration, and there is no further requirement to upload any documents, certificates, papers, or proofs. Udyam registration is free of cost.
• An Aadhaar number is mandatory for obtaining Udyam Registration. Following Aadhaar number is required based on the type of firm

Type of firmThe person whose Aadhaar number is required

• Proprietorship firm – Proprietor
• Partnership firm – Managing partner
• Hindu Undivided Family – Karta
• Company or a Co-operative Society or a Trust or a Limited Liability Partnership – Authorized signatory
• PAN and GST-linked details on investment and turnover of enterprises will be taken automatically from Government databases.
• MSME online system is fully integrated with Income Tax and GSTIN systems.
• On successful application submission, the enterprise will be assigned a ‘Udyam Registration Number’ (i.e., permanent identity number).
• On completion of the registration process, the enterprise shall be issued an ‘Udyam Registration Certificate.’

• Special Preference in Procuring Government Tender
• Udyam registration will help to get the bank loans without Collateral/
• Mortgage. 1 % percent Exemption on the interest rate on Bank Overdraft (OD)
• There are various tax rebates available for Udyam registered enterprises.
• Higher preference is provided to businesses registered under Udyam for government license and certification.
• Registered Udyam gets tariff subsidies and tax and capital subsidies
  Concession in Electricity Bills
• It gives protection against the delay in payment from Buyers
  Tax Rebates
• Special 50% discount on Government fees for Trademark and Patent filing
• Fast Resolution of Disputes