Introduction of Udyog Aadhar registration?
Udyog Aadhar was launched in 2007 to streamline the registration process for Small Industries (SSI) and Micro, Small, and Medium Enterprises (MSMEs). Businesses can avail of government schemes, subsidiaries, and fast loan approval with the Udyog Aadhar registration certificate. Small Scale Industries and MSMEs can benefit from Udyog Aadhar registration, but the only way to get these benefits is to switch to Udyam aadhar registration. Businesses will have to re-register through Udyam registration online in any scenario. In this article, we will focus on the benefits of Udyam Aadhar registration, What is Udyog Aadhar Memorandum, and the various benefits and advantages of Udyam aadhar registration to MSMEs.
Udyam Aadhar Memorandum
The Udyog Aadhar memorandum is a registration document that confirms the presence of the Udyog Aadhar certificate holder. It contains all the relevant information about the Udyog Aadhar certificate holder, such as the business owner's Aadhar card, bank account information, etc. The Udyog Aadhar memorandum does not require any fees from businesses. The Udyog Aadhar memorandum is a form of self-declaration. Consequently, no additional documents are needed to support the structure. However, in exceptional cases, the central or state authorities may require producing certain documents.
Udyam Registration online or MSME registration online
You can easily apply for Udyam aadhar registration in a few simple steps; there is a Udyam registration online portal on which you can apply for Udyam aadhar registration. Here are a few steps mentioning the entire Udyam aadhar registration process.
Step 1: Apply for Udyam Registration Online through the Udyam aadhar registration portal.
An individual who wants to start a micro, small, or medium business has to apply for online registration through the Udyam aadhar registration portal. The registration process is dependent on self-declaration without the need to upload any proof like documents, certificates, papers, etc.
Step 2: Obtain the Udyam Registration online Number.
Each business will receive a unique Udyam Registration Number or Permanent Identification Number upon successful application.
Step 3: Issuance of Udyam Certificate
After the MSME registration online process is completed, an electronic certificate called Udyam Registration Certificate is issued to the business.
By following these simple steps, you can use your MSME registration online and start with your venture, availing of various benefits that we will talk about further in this article, but before that, let us look at the list of documents that you require for MSME registration online or Udyam registration online.
Documents required for MSME registration online-
- DIC (District Industrial Center)
- Bank account details
- Aadhar number
- PAN card information
- Name of the owner
- Start date
- National Industrial Classification Code
- Applicant category
- Number of employed persons
- Information on critical activities
For more clarity and ease, here is the entire procedure on how to download your Udyam aadhar certificate-
Procedure to Download Udyam Aadhar Certificate-
- Visit Udyam Registration Certificate Portal Official Govt
- First, businesses must enter their 12-digit Udyog Aadhar number.
- To complete the verification process, businesses must add the relevant mobile number or email address and confirm it with a verification code (One Time Password).
- After completing the entire verification process, businesses must recheck all their information in the Udyog Aadhar certificate data.
- Businesses can print or download the Udyog Aadhar certificate details from the respective page after checking that all the details are correct.
How long does it take to get a Udyam certificate?
Generally, it takes about four to five days to get your Udyam certificate after applying. Once the e-certificate is issued, the business will receive an email with the registration number. However, the process can sometimes take more than 15 days.
Now that we are clear on what Udyam aadhar registration is, its process, the documents required, and how to download your Udyam registration certificate, let us discuss the various advantages and benefits available to the MSMEs after Udyam aadhar registration or MSME registration online.
Benefits of Udyam Aadhar registration to MSME and small-scale industries
Registering your business and getting Udyog Aadhaar has various advantages. Below are the benefits of the MSME Ministry's measures for protecting, expanding, and developing small businesses. The same advantages are available to Udyog Aadhaar holders and are quite beneficial.
SSIs and SMEs can easily get low-interest bank loans.
The certificate enables SSIs and MSMEs to get rebates on all other utility payments, such as registration fees, energy bills, ISO certification reimbursements, etc.
With the Udyog, the Aadhar certificate makes obtaining licenses and registration for various businesses more accessible.
SSI offers up to 50% grants based on patent registration.
SSI and MSME can avail of tax benefits and rebates thanks to the Udyam Aadhar registration certificate.
It helps companies to get various government incentives on time.
Tariffs are reduced for SSI and MSME.
Small businesses receive financial assistance to participate in international fairs.
Extensive funding, industry expansion support, and other benefits are available to all these small businesses.
All SSI or MSMEs get financial assistance in marketing, capital, and excise duty exemption, among others.
Getting a Udyam Aadhar registration certificate is a simple and cheap process. This will help SSI and SMEs to focus more on the core business and try to grow the business there more effectively.
After reading all this information on the Udyog aadhar memorandum, MSME registration online, and Udyam aadhar registration, you must be confused and thinking how tedious it is to get an MSME registration; well, it can be a daunting task sometimes with all the documentation, online work, and formalities. But you don’t need to worry; many legal service providers in the market can do the task for you. It is easy now to get Udyam registration with the help of these agencies who provide excellent services in the legal and registration field. Lawgical India is one such company that can help you with your Udyam aadhar registration.
Why Lawgical India?
Lawgical India is a technology-driven platform that offers legal services to budding and established businesses. They offer various legal services, including Incorporation, government registrations and filings, documentation, and annual compliances. They provide individuals and companies with one-click access to their legal work and professional needs.
