Want to start an MSME in India? You’ll need Udyam Registration!
Udyam Registration is a simple and free process that gives your business a unique identification number and access to a host of government benefits. In this blog post, we’ll walk you through the registration process step-by-step and answer all your frequently asked questions.
By the end of this blog post, you’ll know everything you need to know about Udyam Registration and be ready to register your own MSME.
Read on to learn more about Udyam Registration and start your business journey today!
Udyog Aadhar registration
The Indian government gives a unique identification number called Udyam to micro, small, and medium-sized businesses. The Udyam Registration Portal requires new MSMEs to register right away in order to receive an Udyam Certificate.
All currently operating businesses that are registered under Udyog Aadhar must re-register on the Udyam Registration website.
What is Udyog Aadhaar Memorandum (UAM)?
The Ministry of Micro, Small, and Medium Enterprises (MSMEs) created the Udyam Aadhaar Memorandum based on the Kamath Committee’s recommendations. The MSME would be able to verify the existence of the business using this one-page registration form. It is a self-declaration document that lists the bank account information for the MSME, the owner’s Aadhaar information, and other relevant details.
MSME get a special identification number based on this form. The Udyog aadhar registration number is the name given to this special identification
What is the Udyog Aadhar and Udyog Aadhar Certificate?
Before applying for Udyog aadhar registration you have to take a look at the basic concepts that are related to Udyog Aadhar.
After MSMEs register with the Ministry of Micro, Small, and Medium Enterprises, they will get a twelve-digit Unique Identification Number called an Udyog Aadhar. The Indian government has replaced Udyam for Udyog Aadhar at this time. The Udyam Registration platform allows any business that satisfies the MSME definition to receive Udyam Registration for their company.
To receive the Udyam Registration Certificate, the businesses with the Udyog Aadhar Certificate must now re-register on the Udyam Registration Portal. The Udyam Registration Certificate provides the distinct registration number of the business and is eligible to enjoy the government of India benefits offered to MSMEs.
Udyog Aadhar Registration fees
For Udyam Registration, businesses with Udyog Aadhar registration must re-register. transferring from Udyog Aadhar Registration to Udyam Registration is free of charge.
MSMEs can register entirely online through the Udaym Registration Portal. For any registrations using this portal, there is no fee. It is completely free.
Benefits of Udyog Aadhaar Registration
There are some benefits of Udyog aadhar registration, these are some listed points.
- After registering their MSME, applicants will be eligible for all government programmes such as an easy loan, a loan without a guarantee, loans with subsidised interest rates, and so on.
- The applicant will get financial assistance in order to show their goods at international expos.
- Additionally, the candidate will be qualified for state assistance.
- Registration would make it easier to open current bank accounts in the company’s name without any problem.
- Additionally, it would enable companies to apply for government microloans and other such advantageous programmes.
Documents Needed to Register for Udyog Aadhar
The following documents are needed for the Udyog aadhar registration process in order to receive an Udyog Aadhar for the business:
- The owner’s name and Aadhar number.
- Evidence supporting the OBC, SC, and ST social categories.
- The name of the company.
- The business’s previous registration information.
- The owner’s specific type of business.
- Current address and account information.
- National Industrial Classification Code.
- The total number of employees working for the company.
- The businessperson’s phone number and email address.
- The businessperson’s PAN number and total investment in the company.
How to apply for Udyog aadhar registration?
You can get the Udyam Aadhaar registration form from the Ministry of Micro, Small, and Medium Enterprises and fill it out online.
- Access the Udyog Aadhaar Registration Form: You can obtain the Udyog Aadhaar registration form from the Ministry of Micro, Small, and Medium Enterprises. The form is available for online completion.
- Enter Accurate Details: Ensure that all information provided in the form is accurate and matches your business records. This includes Aadhaar number, business specifics, PAN number, and more.
- Submission and Verification: After filling out the form, submit it online. If you’re applying as a partnership, provide the correct information for the Aadhaar number. For a company, the authorized signatory applicant’s Aadhaar number is necessary.
- Validation and Final Submission: Upon submission, you will receive an OTP on the registered mobile number associated with the Aadhaar card. Enter the OTP details to validate and continue the form filling.
- Review and Confirmation: Double-check all entered information before final submission. Click “Submit” after verifying all details.
- Confirmation via OTP: Enter the OTP received on your registered phone number to complete the online registration process.
For a more detailed and official guide, you can visit the Government Portal for MSME (Udyam) Registration. This portal offers comprehensive guidance and resources for smooth registration.
FAQs
Q1: Is Udyog Aadhar registration free?
A1: Yes, Udyog Aadhar registration is free.
Q2: Where can I find my 12 digit UAM number?
A2: You can find your 12-digit UAM number on your Udyog Aadhar certificate or by logging into your Udyog Aadhar account on the Udyam Registration portal.
Q3: Who is eligible for Udyog Aadhar?
A3: Any individual or entity who owns and operates a micro, small, or medium enterprise (MSME) in India is eligible for Udyog Aadhar registration.
Q4: Does Udyog Aadhar have validity?
A4: No, Udyog Aadhar does not have validity. However, if you change your business details or ownership, you must update your Udyog Aadhar registration.
Q5: What is benefits of Udyog Aadhar?
A5: Udyog Aadhar registered MSMEs are eligible for a number of benefits, including easy access to government loans and subsidies, tax exemptions, and priority treatment in government tenders.
Q6: Who is eligible for MSME loan?
A6: Any MSME that is registered with Udyam Registration and meets the eligibility criteria set by the lender is eligible for an MSME loan.
Q7: Is Udyog Aadhar compulsory?
A7: No, Udyog Aadhar is not compulsory. However, it is highly recommended for MSMEs to register for Udyog Aadhar in order to avail the many benefits offered by the government.
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