Udyam Registration is now mandatory for all MSMEs. It provides multiple benefits to help MSMEs succeed, some of which are: Collateral-free loans from banks and financial institutions and subsidised interest rates. Simplified process of obtaining licenses, permits, registrations, and approvals.

Udyam Registration certifies that an enterprise is covered under the MSME category.

An enterprise shall be classified as a micro, small or medium enterprise on the basis of the following criteria, namely: —

• A micro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees.
• A small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees.
• A medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.

Global India Testing Solution Team can help your business obtain UDYAM Registration Which is necessary for your business.