Udyam Cancellation generally takes 15 to 20 days.

The value of Investment in Plant and Machinery or Equipment is linked with the Income Tax returns filed in the previous years under the Income Tax Act, 1961.
In case new enterprise, where no prior ITR is available, the value of investment will be based on self-declaration basis and this relaxation shall end after the 31st March of the financial year in which it files its first ITR.
The calculation of investment in Plant and Machinery or Equipment shall be in accordance with the Notification issued by Ministry of Small-Scale Industries dated October 05, 2006.

The application will be approved on the basis of the information provided by the applicant.

The information of turnover is linked to the Income Tax Act or the Central Goods and Services Act (CGST Act) and the GSTIN. As per Notification dated June 26, 2020, Exports value of goods or services or both are excluded for calculation of Turnover.

The Ministry is implementing the Micro and Small Enterprises – Cluster Development Programme (MSE-CDP) wherein support is provided for Diagnostic Study; Soft Interventions like general awareness, counseling, motivation and trust building, exposure visits, market development including exports, participation in seminars, workshops and training programmes on technology upgradaion etc; Hard Interventions like setting up of Common Facility Centers (Common Production/Processing Centre, Design Centre, Testing Centre etc.) and creation/upgradation of infrastructural facilities in the new/existing industrial areas/ clusters of MSEs.

In terms of RBI circular, banks are mandated not to accept collateral security in the case of loans upto Rs 10 lakh extended to units in the MSE sector. Further banks may, on the basis of good track record and financial position of MSE units, increase the limit of dispensation of collateral requirement for loans up to Rs.25 lakh with the approval of the appropriate authority.

Yes, as per revised guidelines and according to Notification No.5/2(2)/2021E/P dated 02-07-2021 Retail Traders and Wholesale Traders are under Ambit of MSME and hence they can apply for MSME \ Udyam Registration Online

MSMEs are an important sector in the Indian economy and Its play a key role in economic and national development. They not only create jobs but also work together to develop backward and rural communities. As per the Government annual report (2018-19), presently there are 6,08,41,245 MSMEs in India.
With a hope of the to create five crore job opportunities in the MSME sector, the Government had announced about making changes to the MSME, where turnover will define an MSME, and not based on investment put into it.
Since its inception, part of MSME has proven to be India’s most powerful economic sector. MSME manufactures and manufactures a wide range of products in the domestic and international markets.
The Government of India has taken several initiatives to holistically develop the MSMEs of the country
This includes benefits for them, as well as, initiatives for their smooth working and upgrade industries. MSMEs also contribute to and play an important role in the country’s development in various areas such as low investment requirements, operational flexibility, mobility, low import rates, and high contribution to domestic production. MSMEs have played a key role in providing employment opportunities in rural areas. They have assisted in the industrialization of these areas at a lower cost compared to the larger industries. Acting as a co-operative unit in the major sectors, the MSME sector has played a major role in social and economic development. With the strength and power to develop local technologies, provide strong competitiveness in the domestic and international markets, technology industries, contribute to building defense equipment, and produce new entrepreneurs by providing information, training and skills development skills through specialized training institutions.

• Yes, MSME / Udyog Aadhaar registration is replaced with Udyam Registration. As per notification of MSME dated 26.06. 2020, Udyam Registration is the new process of MSME/UDYOG AADHAAR Registration launched by the Ministry of Micro, Small and Medium Enterprises effective from July 1, 2020. This will now be known as Udyam, according to a notification published on 26 June 2020 by the Ministry of Micro Small and Medium Enterprises (MSME). The new method of registration began on July 1st 2020.

• The Ministry implements the Design Clinic Scheme for Design Expertise to Micro, Small and Medium Enterprises (MSME) Sector is to improve the design of the product to meet global challenges and compete with similar products domestically and internationally. It is launched to benefit MSMEs by creating a dynamic platform to provide expert solutions to real time Design problems and add value to existing products. The goal of this scheme is to help MSME manufacturing industries move up the value chain by switching the production mode from original equipment manufacturing to original design manufacturing and hence original brand manufacturing. In the Design Clinic scheme, the value additions to an idea or a concept are imparted through interaction at a lesser cost to a specific industry/sector. The expected outcome of such interventions is new product development by design improvement and value addition for existing products.

• The Ministry is implementing the ISO: 9001/14001/HACCP Certification Reimbursement Scheme for Micro & Small Enterprises (MSEs) for reimbursement of certification expenses, only to those MSEs which have acquired Quality Management Systems (QMS)/ISO 9001 and /or Environment Management Systems (EMS)/ ISO14001and / or Food Safety Systems (HACCP) Certification. Under the scheme provides reimbursement of 75% of the certification expenses up to a maximum of Rs.75,000/- (Rupees seventy five thousand only) to each unit as one-time reimbursement only to those MSEs which have acquired Quality Management Systems (QMS)/ISO 9001 and /or Environment Management Systems (EMS)/ ISO14001and / or Food Safety Systems (HACCP) Certification.

• The Ministry is implementing the Assisting to Training Institutions Scheme which envisages financial assistance for establishment of new institutions (EDIs), strengthening the infrastructure of the existing EDIs and for supporting entrepreneurship and skill development activities. The main objectives of the scheme are development of indigenous entrepreneurship from all walks of life for developing new micro and small enterprises, enlarging the entrepreneurial base and encouraging self-employment in rural as well as urban areas, by providing training to first generation entrepreneurs and assisting them in setting up of enterprises. The assistance shall be provided to these training institutions in the form of capital grant for creation/strengthening of infrastructure and programme support for conducting entrepreneurship development and skill development programmes.

   

• As per Notification dated June 26, 2020, no enterprise shall have more than one Udyam Registration Number, if an Enterprise is involving in both manufacturing and service, then both the activities will be clubbed in one Udyam Registration.

• As per Notification dated June 26, 2020, all the Enterprises seeking registration under the Act, requires to mandatory have PAN and GSTIN on and after April 01, 2021. However as per relevant provision of the Central Goods and Services Tax Act, 2017, and respective GST Laws, the Enterprises requires registration on crossing certain threshold limit mentioned in the Act. But this notification seems the exception of GST laws provision and every enterprise irrespective of turnover, mandatorily have GSTIN and PAN for registration under the Act. If the Enterprise do not obtain PAN and GSTIN, then its liable for suspension of its status as Micro, Small and Medium Enterprise on and after April 01, 2021.