Tag Archives: Udyam Registration Benefits

What is Udyam Registration and Benefits & Registration Process

Category:Uncategorized Tags : Udyam Registration Udyam Registration Benefits Udyog Aadhaar

Udyam Registration Number is a 19 digit unique identification number provided by the government to all MSMEs (Micro, Small and Medium Enterprises). This number will be given to businesses that will register online on the Udyog Registration Portal. Earlier this portal was known as Udyog Aadhaar. Any company that comes under the definition of MSME needs to obtain a 19 digit Udyam Registration Number for its business to avail various types of benefits from the government.

 

What is format of ” Udyam Number”?

As you know, it is a unique 19 digit number as defined above. The format of UDYAM registration number is used as an enterprise identification number for businesses registered as micro, small or medium businesses. So you can say Udyam Number is Udyam Registration Number, 19 Digit Udyam Number or Udyam Aadhaar Number.

Enterprise-DL-02-0123457

✓ FIRST 5 CHARACTERS UDYAM

✓ then 1 symbol –

✓ Next 2 digit state code

✓ then 1 symbol –

✓ Next 2 digit city code

✓ then 1 symbol –

✓ and next 7 digits

 

What is meant by Udyam Registration?

Udyam Registration refers to the online process and steps to obtain a Unique Identification Number for your business (which can be a micro, small or medium business). While registering, businesses can enjoy a number of benefits provided by the government through the Udyam Registration Portal.

What are the benefits of registering with Udyam?

These are the benefits of registering a business –

1. Easy Bank Loan up to 1 Crore, No Collateral/Mortgage Required.
2. 1% rebate in Bank Overdraft (OD) interest rate.
3. Exemption in electricity duty.
4. Prevent buyers from making late payments.
5. Special discount for purchase from government tenders.
6. Licenses and certificates are easily approved without any hassles.
7. Tax incentives like direct tax rebates and government subsidies.
8. Reimbursement of cost of ISO certification.
9. Special benefits for participating in International Fairs/Domestic Fairs/Regional Fairs.
10. Reservation for specially manufactured products.
11. 25% reserved for MSMEs in Public Procurement Policy.
12. Reimbursement of Central and State Government moneys. plan
13. Exemption in participation fee for tenders and proposals in distribution of government orders
14. Small, Medium and Micro Enterprises Testing Centre.

 

What are the features of Udyam Registration?

These are the important features of Udyam Registration-

1. This registration is optional and not mandatory.
2. Enterprise registration in India is free, paperless and based on self-declaration.
3. Udyam Registration in India is a fully facilitated system by the government
4. For this purpose any micro, small or medium enterprise shall be referred to as an enterprise and its registration process shall be known as “Udyam Registration”.
5. After registration you will get a Permanent Udyam Registration Number.
6. On completion of the Udyam registration process, the certificate will be issued online.
7. The certificate will have a dynamic QR code which will enable access to a web page on our portal and details of the business.
8. Renewal of Udyam Registration is not required as it is a one time event.
9. Our Single Window System at Champions Control Room and DIC will assist you in the process.
10. The registration process is completely free of cost. no cost or fee

 

1. No documents or certificates are required to be uploaded for registration of Micro, Small and Medium Enterprises. All you need is an Aadhaar number to register. But from 1 April 2021 it is mandatory to have PAN and GST number.
2. PAN and GST link details for business investment and turnover will be automatically retrieved from the government database.
3. Individuals who have EM-II or UAM registration or any other registration issued by any agency under Ministry of MSME will have to register again.
4. No business shall submit more than one Udyam Registration. However, any activity including manufacture or services or both can be specified or added to a registration.
5. The online system is fully integrated with the Income Tax and GSTIN systems.

 

How to apply for Udyam Registration?

You need to visit the official website (Udyam Registration Portal) – https://udyamregistration.gov.in/ Apart from this portal of Government of India and Single Window System of Government, there is no other private online or offline system, service, The agency, or person being authorized or empowered to carry out any activity relating to or process the MSME registration.

Who can apply for Udyam Registration?

A business enterprise may apply for registration and the business shall be classified as a micro, small or medium business on the basis of the following criteria, namely:-

What are the documents required for Udyam Registration?

 

 

While filling the online form, you must have some documents to enter the details like –

1. Aadhaar Number
2. PAN Card (according to the type of organization)
3. GSTIN Number
4. Mobile phone number
5. E-mail
6. Bank details of the organization
7. NIC Code
8. Information on investment in plant machinery and equipment and turnover.

 

What is the process of Udyam Online Registration?

Here is the registration process for Udyam Number-

1. First of all you have to go to Udyam Registration Portal.
2. The registration form should be the same as given on the Udyam Registration Portal. You have to fill it by providing the required details. (like the table below in pdf format)
3. There is no fee for submission of Udyam Registration.
4. Aadhaar number is essential for Udyam registration.
5. Aadhaar Number should be of Proprietor in case of Sole Proprietorship, Managing Partner in case of Partnership or Karta in case of Indian Unified Family (HUF).
6. In case of a company or limited liability partnership or co-operative society or society or trust, the organization or its authorized signatory should provide its GSTIN and PAN along with its Aadhaar number.
7. If the business is officially registered as Udyam with PAN, any information missing from previous years without PAN should be filled on self-declaration basis.
8. No business shall submit more than one Udyam Registration: Provided that multiple activities including manufacturing or services or both may be specified or combined in one Udyam Registration.
9. Any person willfully misrepresenting or attempting to suppress self-declared facts and figures during the process of enterprise registration or renewal shall be punished under section 27 of the Act.

 

What are the easy steps to register with Udyam?

These are the easy steps to register-

1. First of all, visit the official Udyog Registration Portal.
2. Then click on Register link – For new businesses which are not yet registered as MSME
3. Now enter your Aadhaar number and enter name as per your Aadhaar.
4. Now click on validate and generate OTP and validate it.
5. After that, just select the organization type and enter the PAN number as per organization.
6. After this click on Verify Pot and your pot will be verified.
7. If you have completed ITR of last year and have GSTIN, then select Yes or No now.
8. Also enter the GSTIN number (if available) and verify the same.
9. Then you can also enter the name of your entrepreneur (if PAN is not there)
10. Enter your mobile number and email id.
11. Then choose the category, gender and whether you have special abilities.
12. Now, enter the Business Name and Plant/Unit Name and Plant Location.
13. Enter the address of the factory or office.
14. If you already have a UAM number, select or enter it.
15. Then enter the business status and bank details
16. Now select the main activity of the entity, such as Manufacturer or Service.
17. After that search and enter the NIC code and add the number of employees.
18. Next, enter your business investment and turnover details.
19. Now select Yes or No for the registration statement.
20. Re-elect District Industrial Center
21. Finally click on Submit & Final OTP.
22. Your registration will be completed and you can print your Udyam Certificate of Registration.

 

FAQ about Udyam Registration Number

1. What is my “Udyam Registration Number”?

✓ Your Udyam Registration Number is a unique 19-digit code that you get when you register online.

 

1. What is the 19 digit Udyam Registration Number?

✓ This is an example of Udyam Reg. No.- Udyam-DL-02-0123457.

 

1. What is the 12 digit Udyam Number?

✓ This is Udyog Aadhaar Memorandum (UAM Number). This is a 12 digit unique number given to the MSME. For example – DL05A0000051.

 

1. What if I forget my Udyam Registration Number?

✓ Don’t worry, you can get it by visiting Udyam Registration Portal.

 

1. When will the Udyam Registration start?

✓ The Ministry of Micro, Small and Medium Enterprises (MSME) in a notification published in the Gazette of India on 26 June 2020, has prescribed a new form and procedure for filing a memorandum called “Udyam Registration” with effect from 1 July 2020.

 

1. What is the full format of NIC when Udyam is registered?

✓ NIC stands for National Industry Classification Code(s). It describes the type of business activity.

 

1. Should I apply for Udyam Number?

✓ Yes, you can apply after knowing about the benefits and requirements.

 

1. Can I apply without GSTIN number?

✓ Yes, you can apply if you do not have a GSTIN number.