Udyog Aadhar (Udyam Aadhar) Registration Online | MSME Certificate, Loan, Fees & Card Details

You're likely familiar with the Aadhaar number issued by the Unique Identification Authority of India (UIDAI), which acts as both identity and address proof for all citizens. Similarly, there's an identification system for businesses. This unique ID is to help businesses to access funding and various government support.

Launched in 2015 by the Central Government, Udyog Aadhaar made the registration process for Micro, Small, and Medium Enterprises (MSMEs). much simpler. Before, business owners had to deal with a paper-based, heavy registration process.

Through Udyog Aadhaar registration, MSMEs gain access to several exclusive benefits that support their growth and development. In this guide, you'll discover what Udyog Aadhaar, advantages and the new updated registration process.

What is Udyog Aadhar?

Udyog Aadhar, which is referred to as the Udyam registration certificate, streamlines the MSME registration process in the country. It not only makes business registration simple but also provides access to various subsidies while helping them register their business; it is totally free of cost.  Once registered, MSMEs can be searched on the Udyam portal, where details like GSTIN, PAN, and IT data can be verified.

Eligibility for Udyog Aadhar

Steps For Udyam Registration for MSMEs

• Go to the official Udyam Registration website

• Click on ‘Udyam Registration Form For New Enterprises Not Registered as MSMEs’

• Enter entrepreneur’s name as well as Aadhaar number

• Verify the details and generate OTP to continue

• Select the type of enterprise and fill all the required details

• After submitting the form, you'll get a confirmation message on your registered email ID and mobile number. 

• The Udyam Registration Certificate will then be sent to your email.

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Documents required for Udyog Aadhaar registration

To apply for new registering, you need the following documents :

• Personal Aadhaar number

• Name of owner

• Category of applicant

• Name of the business owner

• Type of organisation

• Bank details

• Key activity

• National industrial classification code

• Number of persons employed

• District industry centre (DIC) details

• Date of business commencement

Now that you're aware of the key requirements for registration, let's explore the benefits of MSME Udyog Aadhaar.

How to apply for Udyog Aadhaar

Steps to Apply for an Udyam registration (MSME owners): 

1. Go to the official website of Udyam registration portal.

2. On the homepage, choose the option that says “For new entrepreneurs not yet registered as MSME or those with EM-II”. 

3. Fill in your Aadhaar number and your name as per the Aadhaar card. Next, click on the “validate and generate OTP” button to begin the verification process.

4. An OTP will be sent to your registered mobile number (Aadhaar-linked). Enter it and click “validate” to proceed. 

5. After Aadhaar verification, you will redirect to the PAN verification page. Here choose “type of organisation” and enter your PAN number. Click on “validate”

6. Now, fill the Udyam registration application form.

7. Provide your investment details, mention the turnover, and tick the declaration checkbox.

8. After that, click the “submit” button. You will receive a final OTP and enter it to confirm.

9. Click “submit” again to complete the online registration process. 

Benefits Offered by MSMEs

Excise Duty Exemption and Tax Relief

MSMEs registering under Udyog Aadhaar become eligible for excise duty waivers and various tax reliefs.These advantages help in reducing overall expenses and improve cost efficiency.

Reduced Trademark and Patents Fees

MSMEs are entitled to pay lower fees, when applying for registering trademarks and patents, protect their brand and promote innovation.

Access to Government Schemes

MSMEs can take advantage of government programs such as collateral-free loans, lower interest guarantees, low interest rates on loans, and various subsidies.

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Read more - Indian Govt Announces a Rs 1,000 Cr Funding Scheme To Boost Space Sector Startups.

Financial Support for Foreign Trade

MSMEs involved in foreign trade can receive government financial aid to engaged in international trade, helping them expand their global business opportunities.

Electricity Bills Concession

MSMEs with Udyam registration can receive concessions on electricity bills, helping lower their operational costs.

 ISO Certification Reimbursement

The government covers expenses for obtaining ISO certification, enabling MSMEs to uphold high standards.

Simplified Licenses and Approvals

The process of obtaining licenses, registrations, and approvals is simplified for MSMEs, helping business owners to save time and effort.

About Udyog Aadhaar Memorandum

The Udyog Aadhaar Memorandum (UAM) is a single-page registration form for MSMEs. Through it, you can self-certify your business details such as bank details, promoter or owner Aadhaar details and other necessary details. Once submitted, an acknowledgement is generated and mailed to the email address, containing a unique UAM.

The following businesses are not required to file Udyog Aadhaar Memorandum:

• Enterprises that have already submitted Entrepreneurship Memorandum-1 (EM-1), Entrepreneurship Memorandum-Il or both.

• Businesses holding a small-scale industry (SSI) registration.

Conclusion - Udyog Aadhaar

Udyog Aadhaar, now called Udyam Aadhaar, is a critical initiative for MSMEs, offering distinct benefits such as financial aid, tax relief, and simplified processes. Opening a current account, like the Indus Max Current Account by IndusInd Bank, offers further benefits to MSMEs, making business operations more efficient and smoother.