How To Register For Udyog Aadhaar And What Are Its Benefits?

The launch of Udyog Aadhaar Registration was to simplify the process business owners had to go through to register their business with MSME (Micro Small Medium Enterprises). Before the introduction of Udyog registration, the procedural format was time-consuming. It also required a lot of paperwork. Read on to know the Udyog Aadhaar registration process, its benefits and how to make changes on the Udyog Aadhaar.

Latest Update

UIDAI recently announced that people, whose Aadhaar cards were issued more than 10 years ago, can update their demographic details on myAadhaar portal for FREE from 15th March, 2023 to 14th June, 2023.

What is Udyog Aadhaar?

Udyog Aadhaar is now known as Udyam. Udyog Aadhaar or Udyam registration or MSME registration has a Government registration with an authorisation certificate and a unique number. The main motivation behind the launch of this facility was to assist the government. One was to provide huge benefits to Indian small businesses or industries registered through Aadhaar Udyog. The entity’s director, owner, or proprietor will provide their 12-digit Aadhaar Number. This is a compulsory guideline whether the entity or enterprise is a limited liability company or a sole proprietor. It should have the recognition certificate provided by the MSME registration process.

Udyog Aadhaar Benefits

There are several benefits to registering the Company and getting a Udyam registration. The best thing about getting a Udyam registration is that the process is very simple. You do not have to worry about the paperwork to get a Udyam registration. Check out the other benefits below. 

• Udyam registration helps raise government bids 
• Bank loans are cheaper because interest rates are very low (up to 1.5% lower than regular loan interest rates) 
• Udyam has various tax refunds 
• It makes it easy to get a licence permit and register regardless of the business field. Companies registered under Udyam are given higher priority to government licencing and certification.
• You can access credits at lower interest rates 
• Registered Udyams receive customs duty subsidies, as well as tax and capital subsidies
• Registration helps reduce the cost of obtaining a patent or building industry. There are many discounts and benefits.

Also Read: Salary Advance Loan: Interest Rates, Features, Uses, Eligibility And How to Apply

Eligibility for Udyog Aadhaar

Companies under Udyam registration is engaged in goods manufacturing, processing, storage, and services. In other words, traders who buy, import, sell, or export goods are not eligible to apply. But, you need to be aware that there are some criteria that a company must meet to be classified as a small business to be eligible for MSME registration.

1. Micro enterprises – Investment up to Rs 1 crore and sales up to Rs 5 crores
2. Small and medium-sized enterprises – Investment up to Rs 10 crores and sales up to Rs 50 crores
3. Mid-sized companies – Investment up to Rs 50 crores and sales up to Rs 250 crores

Udyog Aadhaar Registration Documents

The following documents are required for Aadhaar Udyog registration –

• Aadhaar card Number –the 12-digit number given to the applicant. In the case of Proprietary Enterprise, this Aadhaar number must be of the Managing associate. For Partnership Enterprise, the number should be of Authorised Partner, and for other forms of Enterprises, it should be of Authorised Person.
• Name of Promoter or Owner – The name of the applicant as mentioned in the Aadhaar Card 
• Category – General / SC – Scheduled Caste / ST – Scheduled Tribe/ OBC – Other Backward Castes 
• Name of Business – Name of the entity under which you conduct its business. A single applicant could have more than one enterprise. And each one could be registered with the same Aadhaar Number for a separate Udyog Aadhaar 
• Type of Organisation – Type of Business unit or Legal Entity. (Proprietorship, Partnership Firm, HUF, Private Limited Company, Co-Operative, Public Limited Company) 
• Address – Postal Address of the business enterprise for communication purposes. It includes contact numbers and email address
• Date of Commencement – The commencement date of the respective businesses 
• Previous Registration Details – Details of any previous MSME registration 
• Bank Details – Banking details of the enterprise, which include Bank Account number and its IFSC Code 
• Key Activity – Key areas of activity of the business unit or manufacturing
• Number of Employees – Number of Employees working in the Company 
• Investment in Plants and Machinery or Equipment – ​​Total Company’s Investment in Machinery and Equipment 
• District Industry Centre (DIC) – Details of the DIC (District Industry Centre) closest to such an entity if required.

How to Register for Udyog Aadhaar Online?

Follow the step given below to register for Udyog Aadhaar online:

Step 1: Visit the official online portal for Udyog Aadhaar.

Step 2: Fill in the required fields with your Aadhaar number and name. Click on ‘Validate and Generate OTP.’

Step 3: You will receive an OTP on your registered mobile number. Enter the OTP in the desired field.

Step 4: The portal will now display a form. Fill in the details regarding your business.

Step 5: Submit the form after carefully examining the authenticity of every detail filled by you.

Step 6: Upon submitting the complete form, you will receive a second OTP on your registered mobile number.

Step 7: Enter the OTP to complete the registration process.

How to Register for Udyog Aadhaar Offline?

You will need to visit your nearest Udyog Aadhaar Centre and use the form to update the details.

Step 1: Fill out the form. If you are ready to change your address, you will need to provide supporting evidence to the officer and the form. Any address proof which is accepted normally can be submitted here as well.

Step 2: After submitting the form, you receive a confirmation number that you can use to check the status of your application online. There is another webpage that should be used to track the status.

Step 3: An email containing the corrected Udyog Aadhaar number will be sent to the registered address. Save the details somewhere, and be careful not to miss the number.

Charges Involved in Udyog Aadhaar

The Udyam registration process is easy, and the form is easy to fill out. Today’s systems are somehow activated and looking for less information than older processes. It is important to note that Udyog registration is free. The site does not charge an official fee for issuing a Udyog Aadhaar certificate.

How to Edit Udyog Aadhaar Details?

For Udyog Aadhaar update, please follow the steps below. 

Step 1: Go to the Udyog Aadhaar website.

Step 2: Scroll to the bottom of the page. Click Update Udyog Aadhaar. 

Step 3: Enter the Udyog Aadhaar number. Select the option to receive OTP. Available by mobile phone or email currently.

Step 4: Enter the verification code or captcha displayed on the page. 

Step 5: Click “Confirm” and Generate OTP. 

Step 6: If you have not received the one-time password, please hold on for some time. There is also an option available to resent the OTP.

Step 7: Enter the OTP. Then go to another page where you can update or change the information. You can update details such as the addition of company name, address, etc. After updating the information, you must confirm it and click the Submit button. Once submitted, please wait for the page to load. The next page will contain crucial information regarding your application.

Step 8: After submitting the form, you receive a confirmation number. You can also check the registration update request status online.

Who should get Udyog Aadhaar?

All the micro, medium and small enterprises originating from the manufacturing or servicing sector are eligible for the registration of Udyog Aadhaar. Any individual who is running a small business is eligible. Considering all the benefits, it is better to apply for the same, irrespective of the size of your business.

Also Read: Apply For Short Term Loans In India: Benefits, Eligibility Criteria, Steps to Apply

Final Word

Udyog Aadhaar is a registration form where MSME confirms its existence. It provides essential information like the Aadhaar and bank account details of the owner. When you submit this form, a confirmation form containing a unique UAN (Udyog Aadhaar number) will be generated. It will be sent to the applicant’s registered email as well. This is a self-assessment. Hence there is no further documentation required. Recently, the Government of India has started the Udyog Aadhaar (UAM) registration process to encourage small and medium-sized enterprises in the country. But, the registration of Udyog Aadhaar is currently being migrated to the Udyam registration. MSMEs must apply for Udyam registration to receive the benefits given to MSMEs by the government. Industries or entrepreneurs currently registered with Udyog Aadhaar must transition to Udyam registration by June 30, 2022. This is to receive the benefits granted to MSME. If entrepreneurs do not move to Udyam registration, their UAM will be invalid, and you will need to register again on the Udyam portal to receive the benefits of MSME.

FAQs on Udyog Aadhaar

Aadhaar Enrolment Centres in Your City