Documents needed for MSME Udyam Registration, and the Udyog Aadhar Registration Process?

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MSME or SSI registration is now simpler thanks to Udyog Aadhaar Registration. Industries that registered for Udyog Aadhar became qualified for a number of government initiatives, such as financial aid and quicker loan approvals.

To aid the nation's small businesses, the Indian government has introduced the Udyog Aadhaar Registration (UAM) procedure. Udyam Registration is now receiving Udyog Aadhaar Registration data. To qualify for government subsidies, MSMEs (Micro, Small and Medium Enterprises) must apply for Udyam Registration.

Before, there was a lot of paperwork to complete in order to register a business and receive SSI or MSME status. It was necessary to have both the Entrepreneur Memorandum-I and the Entrepreneur Memorandum-II (EM-II). MSME or SSI registration is now simpler thanks to Udyog Aadhaar Registration. Industries that registered for Udyog Aadhar became qualified for a number of government initiatives, such as financial aid and quicker loan approvals.

MSME Udyam Registration Benefits

Choosing Udyam Registration to register your business has a number of benefits. The benefits of registering using the MSME Udyam Registration Portal are listed below. 

  • The applicants will be qualified for all government programmes following the registration of their MSME, including simple loans, loans without guarantees, and loans with subsidized interest rates, among others.
  • To showcase their goods at international trade events, the applicant will receive financial support.
  • It would be simpler to open current bank accounts in the company's name after registration.
  • Businesses could also apply for government microloans and other initiatives of a similar nature.

Required Documents for MSME Udyam Registration

  • The District Industry Centre (DIC)
  • Bank Details
  • Aadhar Number
  • PAN Card
  • The Owner's Name
  • Date of Beginning
  • Code for the national industrial classification
  • Group of applicants
  • Total number of employees
  • Details about a crucial task

Process for MSME Udyam and Udyog Aadhar Registration

Registration in the Udyog Aadhaar system is free. There are two ways to register for an Udyog Aadhaar number:

 

  • Aadhaar Number Registration
  • Registration without an Aadhar number

 

Aadhar Number Registration

  1. Click on the registration area when you visit the Udyam Registration Portal.
  2. Enter your name and Aadhaar number in the fields on the page.
  3. Click the 'Validate Generate OTP' option to start the registration process, then enter the OTP that will be sent to the mobile number connected to your Aadhaar.
  4. Your browser will direct you to a new homepage with a form that you must fill out with the 12-digit Aadhaar number and the name of the company's owner.
  5. Select the applicant's social classification. The appropriate government may need proof of eligibility to be presented if the applicant belongs under the SC, ST, or OBC categories.
  6. Determine the applicant's gender.
  7. The company's name through which the transaction will be conducted.
  8. The website provides a list from which the organization's type must be selected.
  9. The applicant's PAN must be typed into the designated field.
  10. A single registration may have one or more plant sites added by the applicant.
  11. The full postal address for the company should be given.
  12. The designated field can be used to insert the company's founding date.
  13. Information regarding any prior registration must be provided.
  14. Information on the business's bank account must be given.
  15. A National Industry Classification Code (NIC Code) that matches the business's activity must be chosen by the applicant.

Registration Without an Aadhar Number

If a candidate is not registered for Aadhaar, they must go through the procedures listed below.

If you meet the requirements of Section 3 of the Aadhaar Act, you must enroll in Aadhaar.

On the other side, the concerned MSME-DI or DIC is required to submit the UAM registration following the production of the following documents:

An Aadhaar Enrolment ID slip or a copy of the Aadhaar enrollment request

One of the following documents must be submitted along with the registration: voter identity card, passport, bank passbook, driver's license, PAN card, and any additional documents that are needed.

The Udyog Aadhar Memorandum (UAM) information

A registration form known as the Udyog Aadhaar Memorandum is used by MSMEs to announce their existence and provide necessary details including the owner's Aadhar and bank account numbers. After submitting the form, an acknowledgment form with the applicant's special UAN is sent to the applicant's registered email address. Since this is a self-declaration form, no supporting documentation is necessary.

Udyog Aadhaar registration and Udyam registration differ from one another

The Indian government introduced a few business programmes and changed how the term "MSME" was used in the business sector. The MSME Department recently took another step to enroll the new path for MSME or Udyog Aadhar enrolment by releasing the new Udyam Registration Portal.

The main objective of implementing Udyam registration is to simplify and shorten the registration process. Now it's simple for small firms to register as Micro Small Medium Enterprises (MSME).

The earlier Udyog Aadhaar registration process for MSME enrollment has been replaced with Udyam registration. The Udyog aadhaar registration process used to be challenging and time-consuming due to the multiple categories and pages that needed to be filled out. There was a tonne of paperwork to complete and files to upload to the website. On the other side, Udyam uses a single-window, paperless registration procedure that doesn't call for any additional paperwork or credentials.

Suggested Read: Udyam Registration Online

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