Udyam Registration For Partnership Firm

On 1 July 2020, the Government of India issued a notification to classify companies as micro, small, and medium-sized enterprises (MSMEs), specifying the type and method for filing the new memorandum known as 'Udyam,' and its registration process will be known as 'Udyam Registration.'

What Is Udyam Registration?

Udyam Registration is a new process for companies to register under MSME. The new MSME Udyam registration process is entirely online and is based on self-declaration. There is no documentation needed to register. The latest portal is known as the Udyam registration portal.

Udyam Registration is the process that simplifies the process of registration under MSME. The Indian Government has the vision to save the Entrepreneur from the hard registration process & to encourage company easiness.

Udyam Registration Benefits For partnership Firm

For a partnership firm, obtaining a udyam certificate can provide several benefits, which include:

Government security deposit (EMD) waiver (Useful while participating in tenders)
Ease of obtaining registrations, licenses & approvals.
Stamp duty and registration fees waiver.
ISO certification fees reimbursement.
Electricity bills concession.
Industrial Promotion Subsidy (IPS) Subsidy Eligibility.
Registration of Udyam allows receiving government tenders.
Helps to subsidize bank loans at low-interest rates.
15% import subsidy on fully automatic bank loans.
Barcode registration subsidy.
Patent registration subsidy.
Registered Udyam MSME, the company receives tariff subsidies.
Secure collateral loans from financial institutions and banks.

Documents Required Of Udyam Registration For Partnership Firm

Below are the essential documents required to register Udyam on the government portal:

12 digit Aadhaar number
PAN Card Number
Bank account details of the business for the registration process

Apply Today Udyam Registration Online For Partnership Firm

Now, after reading this article, you must have understood the value of getting a valid Udyam registration certificate for your enterprise.

The online process of Udyam Registration is simple, cost-free, and stress-free as the only legal document needed to register a trade under the MSME Ministry, UDYAM is the Aadhaar card which makes the process extremely quick.

You can visit the udyam registration portal for getting your business registered under MSME Udyam, and take professional help in registration work reasonable fee.

There is an inquiry form hosted on the website if you need any help you may submit your contact details & our experts will call you back.