Documents Required for Udyog Aadhar Registration

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. It is also popularly known as the Aadhaar for business.

What are micro, small, and medium enterprises?

You must identify under which category your business falls. MSMEs are classified based on criteria like investment and turnover. We have elaborated them in the below table.

It is important to note that the previous system of UAM registration has ceased to exist. The new Udyam registration has replaced this. Udyam registration is mandatory to receive all the benefits provided to MSMEs. 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 Authorised Person is required.

#2. PAN

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. For others, quote your entity’s PAN.

#3. Name of owner/promoter

The name of the applicant as per Aadhaar card has to be entered here. The name of the owner or promoter can be entered.

#4. Social category

Select the appropriate caste category: general, ST, SC, or OBC. The concerned authority may ask for proof to support your submission. It is advised to select the correct social category here.

#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 numbers 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. You can find this information on your previous MSME registration certificate. 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. It is through this bank account all Government subsidies are received.

#11. Key business activity

Decide whether your key business activity falls into the manufacturing or services category. Accordingly, select the appropriate option.

#12. NIC code

Select the appropriate National Industrial Classification code based on your business activities, ensuring that all 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. This is an indication of how big your business is.

#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.

Conclusion

The documents required for Udyog Aadhaar are straightforward to ensure ease of doing business for all the MSMEs. The entire process is simple, and as a business owner, you can avail many benefits. We recommend that all small and medium business owners get Udyam registration.

Presently, Udyog Aadhaar has been replaced by the new Udyam registration. Thus, 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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FAQs

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 Aadhaar 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.