Udyog Aadhaar is a 12-digit Unique Identification Number that facilitates registration for the small business sector. It was issued by the Ministry of Micro, Small, and Medium Enterprises (MSMEs) of the Government of India in September 2015. Moreover, the process of Udyog Aadhaar registration is similar to MSME registration, which is free of cost and entirely online. The reason behind Udyam Aadhaar is to boost the SMB sector in India. Keep reading to learn more about Udyog Aadhaar registration.
Udyog Aadhaar Benefits
Udyog Aadhaar offers numerous benefits for the small business sector. Some of the benefits Udhyog Aadhar Card are mentioned below:
- It is free of cost and has a hassle-free paperless and online registration process
- More than one Udyam Aadhaar can be registered
- Self-declaration facility is also available
- No documents or proof are required to be uploaded for registering an MSME. Only Aadhaar Card is sufficient for Aadhar Udyam Registration
- Preference for efficiently procuring government tenders
- Protection against delay in payments from buyers
Documents Required for Udyog Aadhaar
For Aadhar Udyog Registration, only Aadhaar Number is required along with the following details:
- Name of the Owner
- Category
- Name of Business
- Type of Business
- Official Address
- Date of Commencement
- Details of Previous Organization (if any)
- Bank Details
- Number of employees
- National Industrial Classification Code (NIC)
- Amount invested in Plant & Machinery
- Details of Industry Centre (DIC)
Note: It is to bring to your notice that the Udyam Aadhaar Registration form is only available in the English language as of now.
Udyog Aadhaar Registration Process
To boost the small businesses in India, the Government initiated the Udyog Aadhaar Registration (UAM), which has now been changed to Udyam Registration for availing various benefits to the Micro, Small, and Medium Enterprises (MSMEs). If the entrepreneurs fail to migrate to Udyam Registration, then UAM will not be valid, and they will be required to register again for Aadhaar Udyam Registration.
- Also Read: Types of Business in India
Before this, a lot of paperwork was needed to start a business and get MSME registration done. Two forms were required to be filled: Entrepreneur Memorandum-I and Entrepreneur Memorandum-II (EM-II). However, Udyog Aadhaar Registration simplified this process for the MSMEs to avail the government schemes in the form of subsidies, loans at a low-interest rate, and more.
Take a look at Udyog Aadhaar Registration Process:
Step 1: Login to the official website of Udyog Aadhaar
Step 2: Enter the 12-digit Aadhaar no. and name of the entrepreneur
Step 3: Click on ‘Validate’ and ‘Generate OTP’
Step 4: Enter the OTP received on the registered mobile number
Step 5: Once the verification is successfully done, fill out the form with all the relevant details
Step 6: Review the form and click on the ‘Submit’ button
Step 7: Enter the OTP again received on the mobile number
Step 8: Click on ‘Submit’ once for the final submission
Note: No Udyog Aadhaar registration fees is charged for this process. You can simply print the Udyog Aadhaar Certificate upon submission of the form.
In case you do not have a valid Aadhaar Card, you must immediately apply for Aadhaar enrolment as the MSME- DI, or DSC will file your application based on your Aadhaar enrolment ID slip or any other supporting document such as PAN Card, Voter ID, Driving License, Passport, etc.