The Government has simplified the documents required for Udyog Aadhaar. It is a well-known fact that small and medium businesses are the backbone of India’s business community. To support such business owners, the Ministry of Micro, Small and Medium Enterprises (MSME) has taken a proactive step by introducing the Udyog Aadhaar. It is a 12-digit unique identification number provided to micro, small, and medium enterprises.
What are micro, small and medium enterprises?
It is important to note that the previous system of UAM registration has ceased to exist. The new Udyam registration has replaced this. To receive all the benefits provided to MSMEs, Udyam registration is mandatory. We advise all MSMEs to apply for the Udyam registration online. The key feature of this new registration is that it requires no documents and can be applied for on a self-declaration basis. Only your Aadhaar number and PAN card details are required.
Our goal through this post is to educate business owners and entrepreneurs on the documents required for Udyog Aadhaar.
Do refer to the below table for the checklist of documents:
Documents required for Udyog Aadhaar
Under the new Udyam registration, the information/documents required for Udyog Aadhaar are as below:
1. Aadhaar number
Aadhaar number is a mandatory document required for Udyog Aadhaar. In case of a:
- Proprietorship: Aadhaar number of the proprietor is required.
- Partnership firm: Aadhaar number of the managing partner is required.
- Company/LLP/Cooperative society/Trust: Aadhaar number of the Authorized Person is required.
Your business PAN is an important document required for Udyog Aadhaar as well. If you have a sole proprietorship business, mention the PAN of the proprietor.
3. Name of owner/promoter
The name of the applicant as per Aadhaar card has to be entered here.
4. Social category
Select the appropriate caste category: general, ST, SC or OBC. The concerned authority may ask for proof to support your submission.
5. Name of your business
Enter the name of your business for which you intend to get Udyog Aadhaar registration. A business can have many entities. It is important to note that you can separately register each entity under the same Aadhaar number.
6. Type of organisation
Select the legal form of your organisation: Sole proprietorship, partnership firm, LLP, private limited co., public limited co., trust, cooperative society, etc.
7. Contact details
Mention the postal address of your business to receive all official communications. Also, details like phone number and Email ID are required to be entered.
8. Date of commencement of business
Here, you are required to state the date of commencement of your business. It is important to mention the date of commencement for each of your businesses separately.
9. Earlier registration details
If you have any previous MSME registration, mention its details. If not applicable, you can ignore it.
10. Bank account
Banking details of your business: Account number and IFSC code have to be entered here.
11. Key business activity
Decide whether your key business activity falls into the manufacturing or services category.
12. NIC code
Select the appropriate National Industrial Classification code based on your business activities, ensuring that all of them are covered. It is used to create a database of economic activity in the country.
13. Persons employed
Enter the number of employees that are employed in your business.
14. Investment in plant and machinery/equipment
State the amount of investment made by your business in plant and machinery or equipment. This is critical information/document required for Udyog Aadhaar; your business is classified into Micro, Small or Medium enterprises based on this information.
15. District Industrial Center (DIC)
Mention the DIC that is nearest to your business. The majority of businesses involved in manufacturing are required to register under DIC.
Benefits of Udyog Aadhaar Registration
- Acts as a permanent registration and identification number for your MSME
- No requirement for renewal
- Direct access to all the benefits provided by the Ministry of MSMEs
The few beneficial schemes introduced are the credit guarantee scheme and public procurement policy.
- Your business becomes eligible for priority lending from banks.
The documents required for Udyog Aadhaar are straightforward to ensure ease of doing business for all the MSMEs.
Presently, all businesses must migrate from the previous Udyog Aadhaar registration to the new Udyam registration. You can do so by clicking here. We recommend immediate migration to continue receiving all the Udyog Aadhaar benefits.
We hope that our post on the documents required for Udyog Aadhaar will help you register your business. For more informational content, keep visiting OKCredit Blog. You can also check out our app OKCredit which can help you manage your business transactions.
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Q. Do I have to pay any fees for Udyog Aadhaar registration?
Ans. No, Udyog Aadhaar registration is completely free of cost.
Q. What are the documents required for Udyog Aadhaar?
Ans. There are no documents required to be uploaded under the new Udyam registration. Only Aadhaar number would be required for registration. PAN and GST-linked details on investment will be taken directly from the Government database.
Q. What if I have multiple business entities?
Ans. You can register each entity as Entity 1, Entity 2 and so on, for a separate Udyog Aadhaar for each, with the same Aadhar number.
Q. Is there any certificate post registration?
Ans. On successful completion of registration, you will receive an e-certificate called the Udyam registration certificate.