The Udyog Aadhar Registration is important for MSMEs to avail the benefits of the schemes offered by the Micro, Small, and Medium Enterprises Department. Udyog aadhar registration is an online process which can be done through an online registration form. In this blog, we shall discuss what Udyog Aadhaar is, what its benefits are, and how to do it online.
What is Udyog Aadhar Registration?
In order to promote the ease of doing business in India, the MSME department has come out with Udyog Aadhar Registration. Udyog Aadhar registration is a free and online process of registering MSMEs with the department. All the existing businesses who have MSME registration can also register themselves with the Udyog Aadhar through their website.
The online Udyog Aadhar registration process has simplified the entire registration process to one single page registration process. The MSMEs will have to self-certify their existence, business activity details, ownership details, bank accounts, and other business related information.
After the registration, the MSME will receive a 12-digit registration number along with the Udyog Aadhar certificate. The MSMEs can avail various benefits of the government schemes after Udyog Aadhar registration.
What are the Features of Udyog Aadhar Registration?
The features of Udyog Aadhar include:
- It is a simple online registration process.
- No filing fee is charged for registration.
- The registration number is sent to the registered e-mail after registration.
- One adhar card number can be used to register more one Udyog Aadhar.
What are the Benefits of Udyog Aadhar Registration?
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The Udyog aadhaar benefits include:
MSMEs can have financial support for foreign expo participation from the government.
The registered MSMEs can also take advantage of government subsidies.
What is the Eligibility for Udyog Aadhar Registration?
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Not all businesses are eligible for Udyog Aadhar registration. Only the entities classified under Micro, Small, and Medium Enterprises can register for Udyog Aadhar. The following is the classification table that will help you:
Investment of up to INR 25 lakhs in plant and machinery
Investment of up to INR 10 lakhs in equipment
Investment of up to INR 5 crores in plant and machinery
Investment of up to INR 2 crores in equipment
Investment of up to INR 10 crores in plant and machinery
Investment of up to INR 5 crores in equipment
So, any manufacturing business having an investment of more than INR 10 crores and service business having an investment of more than INR 5 crores are not eligible for Udyog Aadhar registration.
What are the Documents required for Udyog Aadhar Registration?
Udyog Aadhar registration can be done online at no cost. You can also update Udyog aadhar online. The following are the documents for online Udyog Aadhar registration:
Adhar Card: Adhar Card number of the applicant issued by the UIDAI.
Owner’s Name: The applicant name should be same as mentioned on the Adhar card.
Social Category: The caste of the applicant – General, ST, SC, and OBC. Also, the proof if the applicant belongs to SC, ST, or OBC.
Enterprise’s Name: The legal name of the enterprise by which it conducts business. One applicant can have more than one enterprise registered on its name and adhar card.
Organization Type: Type of the organization:
- Private Limited Company
- Partnership Firm
- Hindu Undivided Family (HUF)
- Self Help Group
- Public Limited Company
Others – Limited Liability Proprietorship or One Person Company
Address: The address and its proof of the enterprise along with the mobile number and email address.
Commencement Date: The date on which the business was commenced.
Registration Details (Previous): Such as MSME registration, etc.
Bank Details: The details of bank and bank account of the enterprise along with the IFSC code.
Major Business Activity: The Major activity of the enterprise, whether it is service or manufacturing.
NIC Code: Appropriate National Industrial Classification Code must be entered.
Person(s) Employed: The total number of employees employed by the business.
Investment in Plant & Machinery: Amount of investment in plant, machinery, and equipment.
DIC: Details of DIC nearest to the location of the business.
How to Register for Udyog Aadhar?
Udyog Aadhar is an online portal is started by the government to help Small and Medium Enterprise owners. You can register for Udyog Aadhar with the help of your adhar card. The following is the registration process:
Step 1: Visit the website, Udyog Aadhar.
Step 2: Enter the required details, such as adhar card number. Then select the option – Validate and Generate OTP.
Step 3: Enter the received OTP. Notably, the OPT would be sent to the mobile registered with the Adhar card. If you have not registered any number with adhar card, first link the number.
Step 4: Fill the owner details and business details in addition to the bank details and NIC and DIC codes.
Step 5: Re-check all the details after submitting them. Then, click on the submit button. Verify the OPT and enter the provided captcha.
Step 6: An acknowledgment number will be displayed on the screen and sent to your email. It should be saved for future references.