Udyog Aadhaar Registration Process for Your Business

Process of applying Udyog Aadhaar registration for your business in India

We know that every business person has to apply for the Udyog Aadhaar registration for their business. Now let us go through how to apply for Udyog Aadhaar, the process of application of Udyog Aadhaar, the documents required to apply for Udyog Aadhaar, the registration process for Udyog Aadhaar, eligibility criteria for MSME, and how to get Udyog Aadhaar for small scale entrepreneurs.

A guide to Udyog Aadhaar Registration Process

The central government is progressing and India is releasing many new schemes for its people. Among various schemes, there is also one scheme that deals with industry. Under this scheme, many small to medium scale businesses can be registered. The scheme has many benefits and the industries which get registered under them can enjoy the benefits. The scheme is for the people in India who have recently initiated their business or planning to set up a new business. Even there is no difficulty in applying for the scheme.

Information regarding the industry base scheme (Udyog Aadhaar Information)

The Honorable Minister of MSME Mr.Kalraj conducted a meeting in the year 2015 in October, New Delhi. The particularities of the meeting gather all the small to medium industries under one roof. The ministry also stated that it was the first time the scheme was explained.

Importance of industry base

Previously the government only supported large-scale companies and their businesses. By the way of treating the big companies alone will not aid the country in its development. This is the reason the central government started to focus on the large scale business to small and medium scale industries. To aid the industry, the government has determined to give subsidies. To avail of the subsidy, the business should be registered under the Ministry of Micro, Small, and Medium Enterprises.

The objective of the industry base (Udyog Aadhaar Objectives)

Simplify the registration process

The main aim of the scheme is to make the process legal for small and micro-businesses. The scheme takes care that the whole process can run legally. Previously this registration process was complex which made the small, micro, and medium industries avoid the application for this scheme. But now the government has made the process somewhat easy for small-scale businessmen.

Control over unemployment

The government is interested to eradicate joblessness from the Indian market. The scheme will encourage the small, micro, and medium businesses in the market, and with this, the government wants to boost the youth to initiate their own business. The government trusts that with this step the problem regarding unemployment will be lowered.

Increase the competitiveness in the market

The scheme is supposed to upsurge the competitiveness in the market. The competitiveness will ultimately aid to upsurge the quality of the product and the service. A good quality product or service will aid to upsurge the country’s economy. The competitiveness will allow vision in the business industry.

Benefits of the Udyog Aadhaar scheme

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Benefits of Udyog Aadhaar scheme. — Benefits of the Udyog Aadhaar scheme.

The major advantage which the scheme is showing is that the registration has become stress-free. One can even register the scheme from home as well. Registering under the scheme will aid to eradicate corruption in the industry to much extent.

The scheme has made the loan process easy. The candidate can start a current account in the bank after the registration process. Availing a loan from the bank for your business could be easy for people who have registered their business under the scheme. If any businessman is interested to get a loan he or she need not approach any third-party agency or show the property-related papers.

The registration of the company will be accomplished by aid from the government. The government will subsidize the business. The subsidy will support the company to expand further.

Documents required for Udyog Aadhaar registration

To register the business, the businessman should have an Aadhaar card. It is the most vital document during the registration. During registration, your mobile number is a must.

At the time of registration along with your Aadhaar card, you must submit residential proof as well. Apart from that, the papers associated with the place where you are initiating your business are also needed at the time of registration. The candidate must even produce a caste certificate. As per the terms and conditions of the scheme, if the person is from a backward class will get a few extra advantages from the scheme.

During the registration time, the individual could be asked to provide the bank account details. Hence, the candidate must be ready to show the passbook. This will allow transparency in availing of the subsidy from the government.

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Udyog Aadhaar registration process

For registration under this scheme, the businessman must fill in the base number.

The 12 digit number will be available on the official website of MSME.
The above is the online webpage URL wherein the individual is asked to fill in the name which is present on the identity card.
The applying person in case you do not have an Aadhaar card they must show the enrolment card of the industrial base. Not only that, but the candidate must also produce the photocopy of a government-authorized ID proof having the person photographed.
During the verification, the candidate will receive an OTP to the registered mobile number. After the verification, only the process will commence.
After that, the candidate must fill in the gender, caste, and company name, and type of business.
After that, the individual must render all the essential detailing associated with the business and the company. The details such as the number of equipment and the number of staff are needed.
If the individual is having any old registration then he or she must disclose it during the time of new registration under the scheme.
After doing this, the individual must provide an email ID and bank account details. After that, the person will receive the UAM number from the government. The number authenticates the existence of the business thereby legally confirming your company.

What is UAM?

UAM means an Industry base Memorandum. It is a government procedure under which all small and medium scale businesses should get registered. The whole process is undertaken by the MSME Department of India.

Below are the ways to improve the Udyog Aadhaar for small-scale entrepreneurs.

Nowadays improving the industry sector is easy, but for this, the candidate has to fill the industry base number on the official website of Udyog Aadhaar.

After filling in the details the candidate will receive an OTP to his registered number. The number that is generated while registering is considered as the registration ID for your business.

Verification of Udyog Aadhaar

The candidate has to click on the link here. where you can find a page in which the candidate needs to fill the allotted 12 digit number. After filling in the correct number then an image will appear below which is the captcha code just for verification, and that is needed to be filled compulsorily. After filling in the accurate captcha code, the candidate has to click on the verify button provided below. Then the candidate can see a result page that will verify the registration based on the industry base.

How to download the registration base online?

For downloading the registration base the individual should visit the website at Udyog Aadhaar.

After that, the individual is asked to add the Aadhaar card number and industry base number. There is also the facility to have a printout of the result.

Eligibility criteria

If a company is already registered then it cannot register in the future. The origin and operations of the business must be in this country. The owner must be a citizen of India. The government did not set any limit for money. According to the MSME Ministry, only small, micro, and medium companies may apply under the scheme. According to this scheme, the amount is about 10 million for the manufacturing companies and around 5 million for service companies.

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