MSME Registration

Here is what you should do for your Udyog Aadhar Registration

If you also own a medium, small or micro enterprise and you haven’t registered your MSME yet, then you should register your MSME via UAM (Udyog Aadhar Memorandum) so that you can avail a lot of benefits.

In the below article we will discuss Udyog Aadhar registration and how you can simply get it done. So let us begin

What was the Motive of Introducing Udyog Aadhar in India?

The motive of introducing Udyog Aadhar was to simplify the procedural format that business owners had to go through in order to register their business under Micro Small Medium Enterprise (MSME).

The procedural format for the same was quite hectic and a time-consuming that used to require handling of lots of paperwork before Udyog Aadhar was introduced. However, now the things have improved for medium, small and micro-enterprises.

Why you should Register your MSME?

As discussed above, if you own a medium, small or micro enterprise and you haven’t registered your MSME yet, then you should register your MSME via UAM (Udyog Aadhar Memorandum) so that you can avail a lot of benefits. The main purpose is to avail many benefits by the Government under a lot of things which we will discuss in this article later.

Earlier, some of the states used to rely on the national portal while some states had their own individual portal for carrying out MSME Registration. Additionally, there were a few who used to rely on manual or physical paperwork.

However, now things have changed after the replacement of the old system.

What is Udyog Aadhar?

Udyog Aadhar is a kind of facility or a government registration that is provided along with a recognition certificate and a 12 digit unique number in order to certify small/medium businesses or enterprises.

This is introduced by the Government to give maximum benefits to medium or small-scale businesses or industries in India, who are registered via MSME. The registration is done through the Aadhar Card Number of the owner, director or proprietor of the entity which may be a sole proprietorship, an LLP, a private limited company, etc.

Who Should Get Udyog Aadhar?

Almost every type of business entity Hindu Undivided Family like:

• Proprietorship,
• One-person company,
• Partnership Firm,
• Production company,
• Limited company,
• The private limited company,
• Limited liability partnership,
• Co-operative societies or
• Any other group of persons or undertaking etc.

can obtain Udyog Aadhar

But in order to be classified as a medium, small or micro-enterprise, you should know that there are a set of criteria’s that your entity needs to meet for obtaining the MSME registration under the criteria defined in the MSMED Act, 2006

What is the Registration Process of Udyog Aadhar?

The registration process of Udyog Aadhar is quite easy, and the form filling process is very simple.

So below is the step by step procedure of registration of Udyog Aadhar:

Step 1: Visit the Official Website of Udyog Aadhar

Firstly, visit the official Udyog Aadhar Registration^[1] website to find out the registration form link

Step 2: Enter all your Personal Information and details

Enter important details like your name and your 12-digit unique Aadhar number. Further to this, Click or select the option “Validate & Generate OTP.” You will receive an OTP (One Time Password) on your registered mobile number. Enter the OTP you receive, and after that, select the social category from the options of General, SC, ST, and OBC.

OTP will be received only when your registered mobile number is linked with Aadhar

 Step 3: Mention all the details about the Enterprise/Entity

Fill the details about the entity like its name and select the type of organization it is from the drop-down list. In case you own more than one entity, then you have to file a separate Udyog Aadhar. You can fill it as Enterprise-1 and Enterprise-2.

After that, you need to provide the complete postal address of the company/enterprise/entity including info about the district, pin code, state, email address, and mobile number.

Also, you will have to select the date on which your enterprise started its business operation from the calendar.

 Step 4: Provide the Bank Details

Provide your bank account number along with the IFSC code of the concerned branch where your enterprise’s account is active.

 Step 5: Classification of Your Enterprise

You will have to mention the mainline activity of your enterprise from the “services” or “manufacturing”, selecting the majority in which your business is involved.

 Step 6: Give details of the number of employees and total investment in the business

Now you have to fill the details of the total number of workers employed in your enterprise and the total amount of money that you have invested in your enterprise.

 Step 7: Select the District Industry Center and accept the declaration

Lastly, select the district industry center from the provided drop-down list after which you need to accept the declaration and submit your application in order to finish the process.

An acknowledgment number will be generated and will be e-mailed to the applicant, which should be noted for future references.

In case you are facing any problem in the registration process, kindly contact Enterslice for the professional help.

What are the documents required for Udyog Aadhar?

Apart from the applicant’s personal Aadhar number with an email or mobile number, there is no further document requirement as such.

But you must comply and ready with the below details while registering:

• Any document for proof of SC, ST and OBC social category
• NIC Code or National Industrial Classification Code
• Mobile number and email id of the business owner
• PAN number

If an applicant or authorized signatory of a business does not have Aadhar, then he/she must first apply for Aadhar at an Aadhar enrolment center. The process of Udyog Aadhar can be started only when you have the Aadhar.

How to Edit Udyog Aadhar Details?

In case any error has crept in during the registration process, you shouldn’t be worried as there is a simple and straightforward way by which you can get rid of the problem.

The ministry of MSME has launched a new provision that allows applicants to edit the Udyog Aadhar Memorandum which allows you to easily update or edit any information on Udyog Aadhar with a few clicks only.

The link to update the details is “Update the Udyog Aadhar”.

After clicking the link, enter your name, Aadhar number, and the OTP that you receive after which you can edit or update your information.

What are the Benefits of Udyog Aadhar?

One will get to enjoy a number of advantages and benefits after registering his/her business and by obtaining Udyog Aadhar. The process is quite simple and one won’t have to handle paperwork for obtaining Udyog Aadhar.

The top 10 benefits derived from the numerous schemes that are offered by the Ministry of MSME with the aim to protect small enterprises and to assist them in growth and development are:

1. The exemption in Excise scheme
2. The exemption under the direct tax laws
3. Reduction in fee for filing Intellectual properties like Trademarks and Patents
4. Priority in the Credit guarantee scheme
5. After getting registered with MSME, your business will get eligible for government scheme schemes and benefits like loans without guarantee, low-interest rates on loan, and easy loan.
6. You will have financial support from the government for participating in foreign business expos.
7. You will also get to enjoy other forms of subsidies that will help you in increasing your company’s revenue.
8. Great concession in electricity bills
9. You will get an exemption when your enterprise applies for government tenders.

Still, if you need any kind of help about Udyog Registration, contact Enterslice now

Read our article: Benefits of MSME Registration in India