Udyog Aadhaar

Udyog Aadhaar is a 12-digit unique identification number issued by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India. It is a one-time registration process for all MSMEs in India. The Udyog Aadhaar Memorandum (UAM) is the online registration form for MSMEs.

Udyam Registration is a free and online initiative by the Government of India to register Micro, Small, and Medium Enterprises (MSMEs). It aims to formalise the MSME sector, making it easier for businesses to access various benefits and opportunities. Registration for the Udyog Aadhaar scheme is easy and with clear steps mentioned below you can register your enterprise without a hassle.

Udyam Aadhaar Eligibility Criteria

• The enterprise must be a Micro, Small, or Medium Enterprise (MSME) as defined by the MSMED Act, 2006.
• The enterprise must be engaged in manufacturing or service activities.
• The enterprise must not be a proprietorship firm with an investment in plant and machinery of more than Rs. 10 crore.
• The enterprise must not be a partnership firm with an investment in plant and machinery of more than Rs. 20 crore.
• The enterprise must not be a company or a Limited Liability Partnership (LLP) with an investment in plant and machinery of more than Rs. 50 crore.

Stages to Register Enterprises

There are stages to registering micro, small and medium enterprises i.e;

STAGE 1: Any person who wishes to establish a micro, small, or medium enterprise can file Udyam registration online, through the Udyam registration portal. (This registration can be done without uploading any documents, or proof, based only on self-declared information).

STAGE 2: After registration an enterprise called ‘Udyam’ in the registration portal wi. Get a permanent identity number or ‘Udyam registration number’.

STAGE 3: Finally, an e-certificate: Udyam registration certificate will be issued upon completion of the registration process.

How to Register for Udyog Aadhaar

Registering for Udyog Aadhaar streamlines recognition for micro, small, and medium enterprises (MSMEs) in India. It involves providing basic business details through the official portal, enabling easy access to government benefits and support.

Prerequisites for Registration Process

1. Enterprises intending to register should have a valid Aadhaar number.

• The Aadhaar number can be of the proprietor of a partnership firm.
• The Aadhaar number can be the managing partner for a partnership firm.
• The Aadhaar number can be of a karta in the case of Hindu Undivided Family(HUF).

2. For a company or a limited partnership or Cooperative society or a Society or a trust, the organisation or its authority should provide the GSTIN and PAN with an Aadhaar number.

3. If an already existing enterprise has a deficiency of information, they can fill up the same on self-declaration.

4. No enterprise can file more than once.

5. Misrepresentation or suppressing self-declaration can attract a penalty under section 27 of the Act.

Steps to Register as New Registrations to Udyam

Register your company in the Udyam registration portal. You can fill out the form and register for free. An existing enterprise can register under the EM-Part-II or register again through the Udyam registration portal after 1 July 2020. Here’s how to register:

Step 1:Visit the Udyam Registration Portal

Step 2: Click "For New Entrepreneurs who are not Registered yet as MSME or those with EM-II"

Step 3: The link will take you to a page named : ‘UDYAM REGISTRATION FORM - For New Enterprise who are not Registered yet as MSME’. Enter your ‘Aadhaar number and Generate OTP’

Step 4: After the registration is complete a certificate will be issued online, containing a QR Code from which the web page of MSME Portal and details about the enterprise can be accessed.

Note:

• All enterprises registered till 30th June 2020, shall be reclassified per this notification.
• The existing enterprises registered before 30th June 2020, shall remain valid only for a period up to the 31st day of December 2021.
• An enterprise registered with any other organisation under the Ministry of Micro, Small, and Medium Enterprises shall register itself under Udyam Registration.

Steps to Re-Register to Udyam (UAM)

Re-registering with Udyam is a crucial process for updating and maintaining your business's registration details, ensuring compliance with government regulations and facilitating access to various benefits and schemes available to MSMEs in India.

Step 1:Visit the Udyam Registration Portal

Step 2: Under ‘You can Migrate to Udyam (Re-Register) here’ Click on ‘For those already having registration as UAM’

Step 3: The link will take you to a page named : ‘UDYAM REGISTRATION FORM - For those already having registration as UAM’. Enter your ‘Udyog Aadhaar Number’ and generate OTP through your mobile number or Email ID.

Steps to Re-Register to Udyam UAM (Registered through Assisted Filling)

Re-registering with Udyam is a crucial process for updating and maintaining your business's registration details, ensuring compliance with government regulations and facilitating access to various benefits and schemes available to MSMEs in India.

Step 1:Visit the Udyam Registration Portal

Step 2: Under ‘You can Migrate to Udyam (Re-Register) here’ Click on ‘For those already having registration as UAM through Assisted filling’

Step 3: The link will take you to a page named : ‘UDYAM REGISTRATION FORM - For those already having UAM registration under assisted filling’. Enter your ‘Udyog Aadhaar Number’ and generate OTP through your mobile number or Email ID.

Documents Required for Udyog Aadhaar

• Aadhaar card: Owner's or authorised signatory's.
• PAN card: Of the enterprise.
• Bank details: Bank account details associated with the enterprise.
• Business proof: Registration certificate, licence, etc.
• Additional documents: Depending on the business category, there might be specific requirements. Check the portal for details.

Benefits of Udyog Aadhaar

Udyog Aadhaar is a 12-digit unique identification number issued by the Government of India to MSMEs. It is a one-time registration process for all MSMEs in India. The Benefits of Udyog Aadhaar registration:

• Easy access to credit: Udyog Aadhaar-registered MSMEs can avail of loans from banks and financial institutions at lower interest rates.
• Subsidies and incentives: The government offers various subsidies and incentives to Udyog Aadhaar-registered MSMEs, such as interest subsidies on loans, capital subsidies, and tax benefits.
• Exemption from various taxes and duties: Udyog Aadhaar-registered MSMEs are exempted from various taxes and duties, such as excise duty, customs duty, and service tax.
• Participation in government tenders: Udyog Aadhaar-registered MSMEs are eligible to participate in government tenders.
• Access to government schemes and programs: Udyog Aadhaar registered MSMEs are eligible to avail of various government schemes and programs, such as the Prime Minister's Employment Generation Program (PMEGP) and the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).

Udyog Aadhaar Memorandum (UAM)?

Udyog Aadhaar Memorandum (UAM) is a one-page registration form for Micro, Small, and Medium Enterprises (MSMEs) to get registered under MSME. Udyog Aadhaar registration is a replacement of the previous system where lots of documents and details were needed.

The Udyog Aadhaar Memorandum (UAM) is the online registration form for MSMEs. It is a simple and easy-to-fill form that requires basic information about the enterprise, such as its name, address, type of business, and investment in plant and machinery.

Key Differences Between Udyog Aadhaar & Udhyam Aadhaar

The key differences between Udyam Aadhaar and Udyog Aadhaar are as follows:

• Udhyam Aadhaar is a new scheme, while Udyog Aadhaar is an old scheme.
• Udhyam Aadhaar is a one-page registration form, while Udyog Aadhaar is a 12-digit unique identification number.
• Udhyam Aadhaar registration is mandatory for all MSMEs in India, while Udyog Aadhaar registration is not mandatory.