๐‘ผ๐’…๐’š๐’๐’ˆ ๐‘จ๐’‚๐’…๐’‰๐’‚๐’‚๐’“: Registration Process, Documents & Benefits

Do-You-Know-About-Udyog-Aadhaar

Do you ever wonder what futuristic India will look like? As MSMEs, start-ups, and entrepreneurs top the category of uplifting India among its global competitors, it’s all about opportunism. For the very same reason, the Government of India launched the Udyog Aadhar initiative to boost the calibre of MSMEs by settling down issues of credit issuance and enabling them to benefit from the government initiatives. This in turn, is going to twirl their morale and ease up credit access. This particular article is all about Udyog Aadhar and how you can go for Udyog Aadhar registration. Keep scrolling below to know everything about it in-depth.

What is Udyog Aadhar?

Udyog Aadhar is an exclusive identification no. provisioned by the Ministry of Micro, Small and Medium Enterprises after successful registration of MSMEs on the portal. This Udyog Aadhar registration becomes essential as it enables ease of credit access along with subscribing to government schemes. Using this ID number, numerous business owners can avail benefits of various government initiatives.ย 

Perks of Having an Udyog Aadhaar

As a MSME owner, you must wonder why should you opt for obtaining Udyog Aadhar certificate, then some of the perks are laid down below for your convenience:

  1. The opportunity to obtain loans without a guarantee and with subsidised interest rates.
  2. The ability to access financial assistance for participation in international expos.
  3. The opportunity to obtain government subsidies that are exclusive.
  4. The capacity to submit applications for micro-business loans and other related programs.
  5. Simplified access to government provisions designed for businesses.

Eligibility Criteria for Udyog Aadhar

The eligibility criteria for business personnels qualified to acquire this 12-digit unique ID no is specified below based on their business venture and all-year round turnover:

Classification of Enterprise Investment (Limit) Turnover (Limit)
Micro Up to INR 1 Crore Up to INR 5 Crore
Small Within range of INR 1 Crore – INR 10 Croreย  Within range of INR 5 Crore – INR 50 Croreย 
Medium Within range of INR 10 Crore – INR 20 Croreย  Within range of INR 50 Crore – INR 100 Croreย 

Procedure for Registering for Udyog Aadhar

If youโ€™re proceeding with Udyog Aadhar registration, you need to keep your Aadhaar card or its information handy. If not, then you first need to obtain an Aadhar card via applying it on the enrolment centre/ or official website.

  • Firstly, visit the official website and log in with your credentials.
  • After that, you have to put the Aadhar number, and name in the dialogue box showcasing โ€˜Aadhar numberโ€™ and โ€˜Name of Entrepreneurโ€™.
  • Now, tick the checkbox and select โ€˜Validate and Generate OTPโ€™.
  • Fill the OTP received on the registered phone number.
  • After that, youโ€™ll be redirected to a new form, where you need to fill the required fields. Those fields include โ€˜Name of Enterpriseโ€™ and โ€˜Type of Organisationโ€™.

NOTE: Pay attention when you fill โ€˜National Industry Classification Codeโ€™ and โ€˜Major Activityโ€™.

  • Before leaving the form, ensure that you have rechecked all the details and cross-checked all the particulars with your documents.
  • When checked, click on the Submit option located at the end of the page.
  • You will then again receive another OTP on the registered mobile number, enter it in the required field and click on the โ€˜Submitโ€™ button.

Now, youโ€™ve successfully completed your Udyog Aadhar registration. The registration is excluded from any kind of fee, so once this form is submitted, you have successfully registered for Udyog Aadhar. Don’t miss It Latest Documents on Aadhaar Card

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UAM (Udyog Aadhaar Memorandum)

UAM is a one-page registration form where MSME registrations can self-certify the existence of their organisation, bank information, promoter/Aadhar owner’s information, and other necessary details. The Udyog Aadhar Memorandum is not subject to any filing fees. After submitting the form, a unique Udyog Aadhaar number and an Udyog Aadhaar acknowledgement will be generated and sent through email to the address specified in the UAM. There is no need to file an Udyog Aadhaar Memorandum for businesses that have already submitted an Entrepreneurship Memorandum-1, Entrepreneurship Memorandum-2, or both, or for those who hold a Small Scale Industry registration. This was the case prior to the implementation of the Micro, Small, and Medium Enterprises Development Act, 2006 (27 of 2006). Enterprises can submit several UAMs using the same Aadhaar number without any restrictions if they so choose.

Documents Required for Udyog Aadhaar Registration

The documents required for Udyog Aadhar registration are listed below:

S.No. Document Required Details of documents
1 Aadhar Number Details written on unique Aadhar number
2 Name of business owner The name on which the business in registered
3 Applicantโ€™s category If the person belongs to General or any of the reserved category
4 Name of the business venture Actual name of the business
5 Bank Details Bank account details affiliated with the business
6 Organisationโ€™s Category If the organisation is private/ in joint partnership/ proprietorship/ HUF/ Pvt. Ltd company etc.
7 Key Activity NA
8 Number of employees Total number of employees working within the organisation
9 Classification Code A unique code issued by National Industrial Classification Handbook
10 Date of commencement NA
11 Details of District Industry Centre NA

FAQ’s about Udyog Aadhar

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