Micro, Small, and Medium Enterprises (MSMEs) are given a Udyog Aadhar number, which is a unique identification number (MSMEs). It is issued by the Ministry of Micro, Small, and Medium Enterprises. The Udyog Aadhar registration, on the other hand, has lately been changed to Udyam. To obtain an Udyam Certificate, new MSMEs must register with the Udyam Registration Portal as soon as feasible.
All existing Udyog Aadhar-registered businesses should re-register on the Udyam Registration Portal. Firms that applied for Udyog Aadhar before June 30, 2020, will have their registrations valid until December 31, 2021. By December 31, 2021, MSMEs with a Udyog Aadhar Certificate must re-register on the Udyam Registration Portal.
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What is the Aadhar number for Udyog Aadhar?
MSMEs are given a twelve-digit Unique Identification Number, or Udyog Aadhar, after registering with the Ministry of Micro, Small, and Medium Enterprises.
Udyog Aadhar has been superseded by Udaym by the Indian government. Any business that fits the MSME criteria can receive Udaym Registration using the Udyam Registration website.
What is an Aadhar Udyog Certificate, and what does it mean?
A Udyog Aadhar Certificate is given to MSMEs that are registered with the Ministry of MSME. The Udyog Aadhar Number of the business appears on the Udyog Aadhar Certificate.
Businesses that previously obtained a Udyog Aadhar Certificate must now re-register and get the Udyam Registration Certificate through the Udyam Registration Portal. The Udyam Registration Certificate carries the company’s unique registration number and qualifies it for government benefits for SMEs in India.
Udyog Aadhar Registration:
Using the Udyam Registration Portal, you can get an Udyam Registration Certificate in two methods. Here are some specifics:
- Owners of new businesses who haven’t yet registered as an MSME are encouraged to do so.
- Those who have registered as UAM or EM-II, as well as EM-II or UAM through Assisted Filing.
The registration method is as follows:
- New MSMEs should go to the portal’s homepage and select “For New Entrepreneurs who are Not Registered as MSME,” then complete the online registration form.
- Entrepreneurs can choose whether or not to register their firms with a PAN number. Before completing the form, they must provide all PAN card details for verification, as well as personal, business, and financial information.
- A successful MSME registration notification will appear once you submit the form, accompanied by a reference number. After the registration is verified, the MSMEs obtain the Udyam Registration Certificate within a few days.
- MSMEs who have registered for Udyog Aadhar should go to the portal’s site and click the “For those with registration as EM-II or UAM” or “For those with registration as EM-II or UAM through Assisted filing” button.
- They must complete the registration details, after which their registration under the new Udyam Registration would be complete.
Who may get a Udyog Aadhar card?
Almost all Indian businesses, including sole proprietorships, partnerships, HUFs, limited liability companies, production companies, LLPs, co-operative societies, and so on, are eligible to apply for the Micro Small and Medium Enterprises category if they meet the other criteria outlined in the Micro Small and Medium Enterprises Act 2006. If a company wishes to engage in the process, it must first read the Act, and if it meets the conditions, it can apply for a Udyog Aadhar card and register as a Micro Small and Medium Enterprise.
For the Udyog Aadhar application, the following documents are required:
The company’s owner’s name and Aadhar number are as follows:
- According to the document, the social categories are OBC, SC, and ST.
- The name of the firm, as well as details on the company’s initial registration procedure.
- Documentation supporting the organization’s type.
- Documents containing information on the postal address and bank account.
- National Industrial Classification Code
- The Pan card’s specifications
The Benefits of Udyog Aadhar
Companies that sign up for Udyog Aadhar reap a slew of advantages. The signup process is one of the best features. The approach removes practically all paper effort because you fill out the form online and send the documents. Some of the benefits accessible to Micro Small and Medium Enterprises include the following:
- The excise tax is not applied.
- Exemption from paying direct taxes
- Patent and trademark application filing fees are subsidized.
- Coverage is provided via the CGSE Scheme.
- You may be eligible for a low-interest loan through the government’s lending programs. The loan amounts are also guaranteed in this category.
- If your company shows at a foreign trade show, the government will give you a financial boost.
- Your company may be able to take advantage of all other government incentives, resulting in an increase in overall revenue.
- Power will be subsidized for your company as well.
- If your company is classed as a Micro Small and Medium Enterprise, it will be granted special exemptions when applying for government contracts.
Suggested Read- Udyam Registration
These are significant advantages offered to firms that fall within the Micro Small and Medium Enterprises category, allowing them to compete and expand in a competitive environment. The primary motivation for the government to implement such a plan is to promote overall economic growth and the development of all categories and sectors of the Indian economy.
