The launch of Udyog Aadhaar Registration (Udyog Aadhaar Memorandum) will be of immense help to the entrepreneurs as it eliminates most of the challenges of the previous Entrepreneurs Memorandum (EM – Part 1) and (EM – Part 2) for filing a registration. Many companies have not registered themselves considering the registration process through Entrepreneurs Memorandum to be cumbersome and hence are out of scope of services offered by the Government.
An Overview of Udyog Aadhar
Based on the recommendations of Kamath Committee, the Ministry of Micro, Small and Medium Enterprises (MSME) has developed a single-page online registration form. This has been done in consultation with the National Board of MSMEs and the Advisory Committee.
The Ministry of MSME has set up the infrastructure i.e. the Udyog Aadhaar (UA Portal) for online filing of Udyog Aadhaar Memorandum (UAM) by enterprises located anywhere in the country.
The one-page registration form comprises of a self-declaration format which the MSME will use for self-certifying its existence, bank account details, promoter/owner’s Aadhaar details and other minimum basic information required. Based on the same, the MSMEs will be issued a unique identifier online which is termed as Udyog Aadhaar Number.
Udyog Aadhaar Registration:
On 18th September 2015, the Ministry of MSME has notified the Udyog Aadhar Memorandum (UAM) after consultation with all the stakeholders. This has been done primarily to simplify the Udyog Aadhaar Registration process.
There is absolutely no fee for filing Udyog Aadhaar Registration. Existing enterprises that have registered using Entrepreneurship Memorandum (EM-I / II), or the holders of the Small Scale Industry Registration, prior to MSMED Act 2006, are not required to file UAM, but they can file one if desired.
It is necessary to provide only the Aadhar number of the applicant / authorized person filing the Udyog Aadhaar registration form.
Thus the process of Udyog Aadhaar registration is instant, easy and paperless thereby being of maximum benefit to the MSMEs.
Salient Features of Udyog Aadhar:
- No fees for Udyog Aadhaar Registration
- File more than one Udyog Aadhar
- Register Online – Single page
- No Documentation Required
Micro Small and Medium Enterprises (MSME) sector is considered to be a highly vibrant and dynamic emerging sector of the Indian economy. The Udyog Aadhaar Registration is an effort by the Government to promote and develop this sector by leveraging the benefits of the Internet and Mobile devices.
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