The Udyam Registration is a completely online and cost-free procedure. It is a significant boost for SMEs in the country. In this article we will walk you through the information on Udyog Aadhar Registration, and the documents required for MSME Udyam Registration.
The Government of India recently launched the Udyog Aadhaar Registration (UAM) process in order to support small-scale companies in the country. Udyog Aadhaar Registration is now being transferred to Udyam Registration. MSMEs (Micro, Small and Medium Enterprises) must apply for Udyam Registration in order to be eligible for government subsidies.
Previously, if you wanted to create a business and obtain SSI or MSME registration, you had to do a lot of paperwork. The Entrepreneur Memorandum-I and the Entrepreneur Memorandum-II were both required (EM-II). The Udyog Aadhar Registration has made MSME or SSI registration easier. Industries that signed up for Udyog Aadhar became eligible for a variety of government programs, including subsidies and faster loan approvals.
There are several advantages to registering your company with Udyam Registration. Below are the advantages to register under MSME Udyam Registration Portal.
After registering their MSME, the applicants will be eligible for all government programs, including an easy loan, a loan without a guarantee, and loans with subsidized interest rates, among others.
The applicant will be given financial assistance in order to exhibit their products at international trade shows.
In addition, the applicant will be entitled to government assistance.
The registration would make it easier to open current bank accounts in the name of the company.
Businesses would also be able to apply for government micro-business loans and other similar programs.
DIC (District Industry Center)
Bank Account Details
Aadhar Number
PAN Card Information
Name of the Owner
Date of Commencement
National Industrial Classification Code
Category of applicant
Number of people employed
Information on key activity
The Udyog Aadhaar system allows for free registration. For Udyog Aadhaar registration, there are two options:
Registration with Aadhar Number
If an applicant is not enrolled in Aadhaar, he or she must undertake the processes outlined below.
Apply for Aadhaar enrolment if you are eligible under Section 3 of the Aadhaar Act.
The involved MSME-DI or DIC, on the other hand, must file the UAM registration upon production of the following documents:
A copy of the Aadhaar enrolment request or an Aadhaar Enrolment ID slip
One of the following documents: voter identification card, passport, bank passbook, driver’s licence PAN card, with photograph, and if any other document is required with the registration then it needs to be attached.
The Udyog Aadhaar Memorandum is a registration form in which the MSME declares its existence and provides required information such as the owner’s Aadhar number and bank account number. An acknowledgement form with the applicant’s unique UAN is emailed to the applicant’s registered email address after submitting the form. There is no requirement for any accompanying documentation because this is a self-declaration form.
The Indian government launched a few business schemes and redefined the concept of MSME in the commercial world. Recently, the government released the new Udyam Registration Portal, which is another action of the MSME Department to enrol the new path for MSME or Udyog Aadhar enrolment.
The major goal of introducing Udyam registration is to make the registration procedure easier and less time-consuming. Small businesses can now easily register under the Micro Small Medium Enterprise (MSME) category.
For enrolling under MSME, Udyam registration has replaced the earlier process of Udyog Aadhaar registration. Previously, the Udyog aadhaar registration procedure was difficult and time-consuming due to the numerous categories and pages to be completed. It needed a lot of paperwork and document uploading to the site. Udyam, on the other hand, uses a single-window, paperless registration process that requires no further documents or credentials.
As previously stated, an Udyog Aadhar memorandum is a certification form that must be filed with the Ministry of MSME, and you can submit your Udyog Aadhar memorandum through the Udyog Aadhar online webpage. You won’t get your 12-digit Udyog Aadhar number unless you file a Udyog Aadhar memorandum, so fill out the final form on the webpage. As you can see, you must fill out the form with all of your and professional information. When you exit the Udyog Aadhar Memorandum, that data will be published on the Udyog Aadhar certificate, so be careful.
Company Registration in Bangalore for Foreign Tech Startups Introduction Setting up a tech startup in India’s vibrant city of Bangalore…
Ideal Business Structure for Foreigners in India: Subsidiary vs Joint Venture? Introduction Foreign entrepreneurs seeking to enter the Indian market…
Why More MNCs Are Choosing India for Their Subsidiary Headquarters in Asia Introduction India has become a top choice for…
Legal Framework for Setting Up an Indian Subsidiary Introduction Establishing a subsidiary in India offers foreign companies access to a…
Trademark Renewal Delays: Legal Impact and Costs Introduction A registered trademark protects your brand identity and grants exclusive usage rights.…
How Virtual Offices Helps in Remote US Company Incorporation? Introduction Starting a business in the United States no longer requires…
Leave a Comment