Over the last five decades, the Micro, Small, and Medium Enterprises (MSME) sector has grown as a highly vibrant and dynamic segment of the Indian economy. MSMEs not only serve an important role in creating large numbers of jobs at a cheaper cost of capital than large enterprises, but they also aid in the industrialization of rural and backward areas, reducing regional imbalances and ensuring a more fair distribution of national revenue and wealth.
Also, Read- Udyog aadhar registration
In 2006, the Micro, Small, and Medium Enterprises Development (MSMED) Act were enacted to address policy challenges impacting MSMEs, as well as the sector’s coverage and investment ceiling. According to the MSME Act of 2006, all businesses must register with their local District Industries Centre (DIC) and file an Entrepreneurs Memorandum (EM) 1 if they want to start manufacturing or service business, and an EM 2 once they have begun production.
Udyog Aadhaar Memorandum (UAM):
The UAM is a one-page registration form that serves as a self-declaration format for MSMEs to self-certify their existence, bank account information, promoter/owner Aadhaar information, and other required information. The Udyog Aadhaar Memorandum is free to file. After submitting the form, a Udyog Aadhaar Acknowledgement will be issued and sent to the email address specified in the Udyog Aadhaar Memorandum, which will include the unique Udyog Aadhaar Number (UAN).
Existing businesses that have filed an Entrepreneurship Memorandum-I, Entrepreneurship Memorandum-II, or both, or who have a Small Scale Industry registration prior to the Micro, Small and Medium Enterprises Development Act, 2006 (27 of 2006), are not required to file a Udyog Aadhaar Memorandum, but they may do so if they wish. Filing several Udyog Aadhaar Memorandums with the same Aadhaar Number is not prohibited.
The Udyog Aadhaar Memorandum is filed on a self-declaration basis, and no supporting documents are required to be uploaded or submitted when filing the Udyog Aadhaar Memorandum. However, the Central Government or the State Government, or such person as may be authorized on this behalf, may seek documentary proof of the information provided in the Udyog Aadhaar Memorandum if necessary.
How to Fill Out the Online Udyog Aadhaar Form
- Aadhaar Number: The applicant’s 12-digit Aadhaar number should be entered in the appropriate field.
- Owner’s Name: The applicant must fill in his or her name exactly as it appears on the UIDAI-issued Aadhaar Card.
To verify your Aadhar card, follow these steps.
- Validate your Aadhar card:
After clicking the Validate Aadhaar button, the applicant’s Aadhaar will be verified, and only the user will be able to continue filling out the form.
The applicant can use the reset button to clear the Aadhaar No and Owner Name fields for each Aadhaar.
- Social Classification:
The Social Category (General, Scheduled Caste, Scheduled Tribe, or Other Backward Castes) can be chosen by the applicant (OBC). If and when necessary, the authorized authority may request verification of SC, ST, or OBC status.
- Name of the Company:
The Applicant must include the name by which his or her Enterprise is known to clients and the general public, as well as whether or not it is a legal entity with which to conduct business. One applicant can have many businesses, each with its own Udyog Aadhaar number, and each with the same Aadhaar Number as Enterprise 1 and Enterprise 2, and so on.
- Organizational Type:
The Applicant may choose the right sort of organization for his or her business from the list provided. The Applicant must ensure that he or she is authorized to fill out this online form by the legal body (i.e. the firm that has registered for Udyog Aadhaar). Each business will receive only one Udyog Aadhaar number.
- Adresse postale:
The Applicant should enter the Enterprise’s complete postal address, including state, district, pin code, phone number, and email address, in the appropriate field.
- Commencement Date:
The date the corporate entity began operations in the past can be entered in the appropriate field.
- Details from a previous registration (if any):
If the Applicant’s firm, for which the Udyog Aadhaar is being filed for, has previously been issued a valid EM-I/II by the concerned GM (DIC) under the MSMED Act 2006 or a valid SSI registration prior to the said Act, such number may be mentioned in the appropriate area.
- Information about the bank:
In the appropriate place, the Applicant must enter his or her bank account number utilized to run the Enterprise. In addition, the Applicant must submit the IFS Code of the bank branch where his or her account is located. These days, the IFS code is printed on the bank’s cheque books. If the Applicant knows the name of the bank and the branch where his or her account is located, the IFSC code can be found on the bank’s website.
- Person in charge:
In the appropriate field, enter the total number of people who are directly paid salary or wages by the company.
Suggested Read- Print Udyam Registration Certificate
To generate an acknowledgment number, the applicant must click the Submit button.