UDYAM AADHAR REGISTRATION

Udyam Aadhar Registration As of my last knowledge update in January 2022, the term “Udyam Aadhar registration” refers to the updated version of the Udyog Aadhar registration for micro, small, and medium-sized enterprises (MSMEs) in India. The Ministry of Micro, Small and Medium Enterprises (MSME) introduced the Udyam Aadhar registration system to streamline and simplify the registration process for MSMEs. It replaced the earlier Udyog Aadhaar Memorandum (UAM) registration.

TYPE OF UDYAM AADHAR REGISTRATION

1. Micro Businesses: These businesses can have a minimum capital investment of up to Rs. 1 crore and a maximum annual revenue of up to Rs. 5 crore.
2. Small Businesses: Having an annual revenue of up to 50 crore rupees and a minimum capital investment of up to 10 crore rupees.
3. Medium-sized Businesses: These companies must have a minimum capital investment of 50 crore rupees and a maximum annual turnover of 250 crore rupees.

Here are key points about Udyam Aadhar registration:

✓ Udyam aadhar registration of Eligibility

Udyam Aadhaar is applicable to micro, small, and medium-sized enterprises involved in manufacturing, production, processing, or preservation of goods and commodities.

✓ Udyam Online Registration

The registration process for Udyam Aadhaar is typically done online through the official Udyam Aadhaar portal. The applicant needs to provide details about the business, including Aadhaar details of the owner or authorized signatory

✓ Udyam Registration of Classification

MSMEs are classified based on their investment in plant and machinery or equipment, and annual turnover. The classification includes micro, small, and medium enterprises.

✓ Udyam Aadhaar Number

Upon successful registration, the business is assigned a unique identification number known as the Udyam Aadhaar Number. This number is used for availing various benefits and schemes offered by the government for MSME

✓ Benefits:-

Similar to the Udyog Aadhaar registration, businesses with Udyam Aadhaar registration enjoy benefits such as easier access to credit, government subsidies, priority in government procurement, protection against delayed payments, and more.

 It’s essential to note that government initiatives and policies may evolve, and changes might occur after my last update in January 2022. If you are considering Udyam Aadhaar registration for your business, it is recommended to check the latest guidelines and information on the official Udyam Aadhaar portal or consult with relevant authorities for the most up-to-date details.