MSME registration stands for the micro small and medium enterprises registration. MSMED Act has...
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
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.
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.
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.
Almost every type of business entity Hindu Undivided Family like:
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
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:
Firstly, visit the official Udyog Aadhar Registration website to find out the registration form link
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
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.
Provide your bank account number along with the IFSC code of the concerned branch where your enterprise’s account is active.
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.
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.
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.
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:
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.
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.
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:
Still, if you need any kind of help about Udyog Registration, contact Enterslice now