execcutive
26 Points
Joined April 2023
Yes, traders can get Udyam registration in India. The Udyam registration scheme is applicable to micro, small, and medium-sized enterprises (MSMEs) engaged in manufacturing or service activities.
Traders involved in buying and selling goods or services are considered service providers under the Udyam registration scheme. To be eligible for Udyam registration, a trader must meet the following criteria:
The trader should be a sole proprietor, partnership firm, or limited liability partnership (LLP).
The trader's turnover should be less than Rs. 5 crores for a microenterprise, less than Rs. 50 crore for a small enterprise, and less than Rs. 250 crore for a medium enterprise.
The trader should have a valid PAN card and GST registration if applicable.
The trader should not be engaged in any illegal or prohibited activities.
Once a trader fulfills the above criteria, they can register for Udyam online through the Udyam Registration Portal. The registration process is free and requires basic information about the trader, such as their name, Aadhaar number, business details, and bank account details.
Upon successful registration, the trader will receive a Udyam Registration Certificate with a unique Udyam Registration Number (URN). The certificate is valid for a lifetime unless the trader exceeds the turnover limit of their respective enterprise category.