On July 1, 2020, the Government of India launched a new and simplified online process for MSME Registration, called Udyam Registration.
This new system was introduced to make it easier for startups and small business owners to register their enterprises and enjoy various government benefits
As per the Ministry of MSME, all businesses that were previously registered under EM–Part II or Udyog Aadhar (UAM) must re-register on the Udyam Registration Portal from July 1, 2020 onwards.
Any business planning to set up as a Micro, Small, or Medium Enterprise (MSME) can apply for Udyam Registration online through the official Udyam portal.
The Udyam portal is a single-window, paperless platform, you don’t need to upload any documents, certificates, or proof.
Also, all existing MSMEs must re-register under Udyam before March 31, 2021, to continue receiving MSME benefits from the government.
Yes, as per the updated guidelines effective from April 1, 2021, PAN and GSTIN have been made mandatory for all enterprises registering under Udyam. This applies to proprietorships, partnerships, companies, LLPs, trusts, societies, and all other forms of enterprises.
PAN and GSTIN are now compulsory for new Udyam Registrations.
Existing businesses that were registered without a PAN must update their information on the Udyam portal using valid PAN and GST details.
If you are a proprietor or entrepreneur and don’t have a PAN yet:
Similarly, if your business requires a GSTIN, you must apply for it through the GST Portal.
PAN (Permanent Account Number) is important for Udyam Registration because:
There are many benefits for an organization to register under Udyam. The Government of India is focusing on the growth of small-medium enterprises. A few of the Udyam benefits are listed below.
To register your business under Udyam, you’ll need a few important documents. Here’s a simple breakdown:
1. Aadhar Number
2. PAN Card
3. GSTIN (if applicable)
4. Bank Details
Note:
Earlier, in the old Udyog Aadhar system, PAN and GST were not mandatory. But now, in the Udyam Registration process, Aadhar, PAN, and GST (if applicable) are required for a smooth and valid registration.
If you’re a proprietor (running your business individually), you can still apply for Udyam Registration without a PAN card. Here's how:
Note: Even if you register without PAN now, you’ll need to update your PAN details later to stay compliant with government rules.
If you need help, just fill out the Udyam enquiry form, and one of our team members will call you through the Udyam helpline number.
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Lokesh Rawat, From Madhya Pradesh
Recently applied Udyam Certificate