The Ministry Of MSME has announced a new way of registering business known as Udyam Registration. The word came out on June 26, 2020, and was finally put into effect on 01st July, 2020.
And as per the Indian Government's notification, all existing MSMEs registered under the Entrepreneur Memorandum EM – Part-II or Udyog Aadhaar Memorandum UAM (MSME / Udyog Aadhaar) have to re-register before 31st March, 2021.
Udyam registration is the latest form for MSME business registration according to a new government notification. Udyam Registration is Udyog Aadhaar's re-classified version which provides a single registration process for all current and future companies.
Udyog Aadhaar Memorandum
The Udyog Aadhaar Memorandum (UAM) is a one-page registration form which helps MSMEs register themselves and self-certify all business details like a bank account, promoter details etc.
Back in September 2015 the Ministry of Micro , Small and Medium Enterprises started the Udyog Aadhaar scheme. The main goal was to support the interests of micro, small and medium-sized enterprises that operate in India. Udyog Aadhaar is a twelve-digit Unique Identification Number provided for commercial purposes by the Government of India. It is a unique identification system mainly used for small and medium scale business.
Why do you need to register from UAM To Udyam?
Once you have registered you can access many government schemes for MSMEs. Benefits include excise and direct tax deductions, simple low-interest loans, credit-guaranteed loans, government subsidies and more.
Registered companies are also eligible for financial assistance for participation in various international exhibitions. They are perfect places for networking and exhibiting products.
By applying through the primary lending agencies, registered businesses are eligible for credit-linked capacity subsidy schemes.
Concessions to energy bills have been made.
The Government has provided many advantages so that entrepreneurs can help MSMEs develop not only in India but also internationally. A reservation policy and a credit guarantee scheme are two of those advantages.
Documents Needed To Register With UAM
There are few documents required for Udyam registration with UAM which are completely base on self-declaration basis:-
The company owner's name and Aadhar number (as shown in the Aadhar Card)
Name of your business or organization
Details of your enterprise Previous registration
Type of enterprise / organization that you own
Current address and account details of the owner.
NIC Code or National Industrial Classification Code
Number of total workers employed at your organization
Current activities of your firm
Entrepreneur’s Email ID and mobile number
PAN number and the overall expenditure made by the entrepreneur in the organization
Process To Register Udyam With UAM
The process to register in Udyam has become quite esay and simple. You just have to follow the below steps:-
Step 2: Now, enter your previous Udyog Aadhaar Number (UAN).
Step 3: Enter the required details in the Udyam form.
Step 4: Make sure the entered details provided by you are correct and make the online payment for the registration process.
Step 5: One of our professional Experts will process your application.
Step 6: You would receive the Udyam certificate on your registered email address within 1-2 hours.
We are a team of experienced consultants who help startups and entrepreneurs register their company under MSME. We are continuously working on making the process easy and simple for the entrepreneurs who want to register their business.
So with msmeregistrar.net you can get your Udyam certificate and avail the various benefits provided by the government. If you still face any difficulty our experts will assist you. You can also click on our enquiry form provided in the site to get in touch with our expert.
This website is a property of a private consultancy firm. We provide consultancy services w.r.t. MSME / Udyog Aadhaar Registration. Please note we are private consultants. We do not represent any government office or any government department.