Complete Guide to Udyam Registration in Uttarakhand: Eligibility, Benefits, and Process

If you're a business owner in Uttarakhand, registering under the Udyam scheme can unlock numerous opportunities. Udyam Registration, introduced by the Government of India, offers a streamlined process for Micro, Small, and Medium Enterprises (MSMEs) to avail themselves of various benefits. In this guide, we'll delve into the specifics of Udyam Registration in Uttarakhand, covering eligibility, benefits, and the step-by-step process to get you started.

Introduction to Udyam registration in Uttarakhand

Udyam registration is an online initiative by the Ministry of MSME to simplify the registration process for small businesses. In Uttarakhand, this registration provides businesses with a unique identification number, facilitating access to government schemes, subsidies, and easier credit facilities. It's a significant step towards formalising your business and enhancing its credibility.

Eligibility criteria for Udyam registration in Uttarakhand

To qualify for Udyam Registration in Uttarakhand, your business must meet the following criteria:

• Micro enterprises: Investment in plant and machinery or equipment does not exceed Rs. 2.5 crore, and turnover is less than Rs. 10 crore.
• Small enterprises: Investment does not exceed Rs. 25 crore, and turnover is less than Rs. 100 crore.
• Medium enterprises: Investment does not exceed Rs. 125 crore, and turnover is less than Rs. 500 crore.

Both manufacturing and service sectors are eligible, and the business can be a proprietorship, partnership, LLP, or company.

Benefits of Udyam registration in Uttarakhand

Udyam Registration offers several advantages for businesses in Uttarakhand:

• Government schemes and subsidies: Access to various schemes like subsidies on electricity bills and free ISO certification.
• Tax benefits: Eligibility for extended tax credits and exemptions.
• Government tenders: Priority in government procurement processes.
• Financial assistance: Easier access to credit facilities and lower interest rates.

Step-by-step process for Udyam registration in Uttarakhand

Follow these steps to complete your Udyam registration:

• Step 1: Go to the official Udyam registration website.Step 2: On the homepage, click on the option that says ‘For new entrepreneurs who are not registered yet as MSME or those with EM-II’.Step 3: Enter your Aadhaar number and your name, then click on ‘Validate & Generate OTP’.Step 4: An OTP will be sent to the mobile number linked to your Aadhaar. Enter this OTP and click ‘Validate’.Step 5: Once your Aadhaar is verified, you'll be taken to the PAN verification page.
• Select your type of business, enter your PAN number, and click ‘Validate’.
• Also, confirm if you’ve filed your Income Tax Return (ITR) last year and if you have a GST number.Step 6: Now, the Udyam registration form will appear. Fill in all the necessary details:
• Entrepreneur’s name, mobile number
• Enterprise name and address
• Plant or unit location
• Business status
• Bank details
• Type of activity (manufacturing or services)
• NIC code
• Number of employeesStep 7: Enter your investment and turnover details.
• Tick the declaration box.
• Click on Submit and you’ll receive another OTP.Step 8: Enter the final OTP and submit the form.You’ll get your Udyam e-registration certificate by email.

Required documents for Udyam registration in Uttarakhand

While the process is primarily based on self-declaration, having the following documents handy can be beneficial:

• Aadhaar card: For the proprietor or authorised signatory.
• PAN card: For the business entity.
• GSTIN: If applicable.
• Bank account details: For the business.
• Business address proof: Such as utility bills or lease agreements.
• Partnership deed or MOA/AOA: If applicable.
• Purchase and sale bills: For business transactions.

Udyam registration fees in Uttarakhand

The Udyam Registration process is completely free of charge. There are no registration fees involved. However, for assistance with documentation and to ensure a smooth process, consulting services may charge a nominal fee.

Processing time for Udyam registration in Uttarakhand

The registration process is swift. Typically, upon successful submission, the Udyam Registration Certificate is issued immediately or within a few hours, depending on the verification process.

How to check Udyam registration status in Uttarakhand

To check your Udyam Registration status:

• Step 1: Go to the official Udyam Registration portal.Step 2: Click on the option that says "Print Udyam Certificate".Step 3: Enter your Udyam application number.Step 4: Provide your registered mobile number or email ID to receive an OTP.Step 5: Enter the OTP you received into the form.Step 6: Once your details are verified, you can check the status of your Udyam Certificate. If it’s ready, you’ll be able to download and print it.

For more detailed information, visit the Udyam Registration Status Page.

Udyam registration renewal process in Uttarakhand

Udyam Registration is valid for a lifetime and does not require renewal, provided your business continues to meet the MSME criteria. However, it's essential to keep your business information updated to maintain the accuracy of your registration details.

Conclusion

Udyam Registration in Uttarakhand is a valuable step for MSMEs to avail themselves of various benefits and grow their businesses. For financial assistance to support your business ventures, consider exploring Bajaj Finserv's Business Loan. Their flexible loan options can provide the necessary capital to fuel your business growth.