Udyog Aadhaar Registration Process, Documents

Now, it is simple to update your details on the Aadhaar card. UIDAI (Unique Identification Authority of India) has made it easier for all people to get updated or correct their Aadhaar card both online and offline. Below are the steps to be followed to update or correct the Aadhaar card address, date of birth, name, email ID, and mobile number.
Udyog Aadhar Registration is a fully online process that is totally free. It gives a Great Boost to SMEs in our Country, India. Below, we explain the Detailed process, the Complete documents required, Eligibility, and advantages.
In this Article, we cover the following topics.

• Introduction
• UAM (Udyog Aadhaar Memorandum)
• The Eligibility of Udyog Aadhar Registration
• Benefits of Udyog Aadhaar Registration
• Required documents for Udyog Aadhaar New Registration

Udyog Aadhar Registration – Introduction

The SME sector is the foundation of India’s economic development and growth. It comprises over 95% of the industrial establishments with over 42.5 million units in the country. In fact, the SME sector is responsible for 45% of our country’s total manufacturing output. To alleviate the efforts of this sector, the Government of India and the Ministry of Micro, Small and Medium Enterprises India launched the Udyog Aadhaar.
If you have a doubt, ‘What is Udyog Aadhaar? ‘ The answer is: It is just an identification system, like Aadhaar, but exclusively for businesses. Its main aim is to promote the growth of all businesses registered under this scheme. If an individual registers under MSME/SME, that particular person can enjoy all the Udyog Aadhaar benefits through subsidies. 
Someone may have the Question, Are Udyam Registration and Udyog Aadhar Registration the Same?
The Answer is: Yes, The Update Udyam Registration says, The Udyam Registration and Udyog Aadhar Registration both are Same from the date 1’st July 2020.  Udyog Aadhar Registration was converted to Udyam Registration in July by the Ministry of MSME.
This article covers everything you need to know about Udyog Aadhaar Eligibility, registration, and benefits.

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The Eligibility of Udyog Aadhar Registration

Businesses that fall under this category, based on their investment in plant and machinery, are eligible to register under the Udyog Aadhar card for business.

Enterprise Classification	Investment Threshold	Turnover Threshold
Micro-Enterprise	Up to Rs.1 crore	Up to Rs.5 crore
Small Enterprise	Within Rs.1 crore and Rs.10 crore	Within Rs.5 crore and Rs.50 crore
Medium Enterprise	Within Rs.10 crore and Rs.20 crore	Within Rs.50 crore and Rs.100 crore

Benefits of Udyog Aadhaar Registration

The Ministry of MSME launched Udyog Aadhaar with the main purpose of protecting and assisting small and medium industries in their growth and development. After receiving Udyog Aadhaar, you can enjoy a legion of benefits. Below are some of the benefits of registering your business under Udyog Aadhaar:

• Can get loans for your business without a guarantee and at subsidized rates
• Can get financial support for participating in business dealings in foreign expos
• Can access to special government subsidies for your business
• Can apply for various loans such as micro-business loans and other related schemes
• Can access to government commissariat for your businesses

Required documents for Udyog Aadhaar New Registration

Below are the documents required during the registration process of Aadhaar Udyog:

• Personal Aadhaar number
• Name of Applicant
• Category of Owner
• Name of Entity
• Type of business or organization
• Bank details of the Entity
• The key activity of the entity
• National Industrial Classification code
• Number of workers employed in the entity
• Information of District Industry Centre (DIC)
• Date of commencement of the business

Stepwise Process of Udyog Aadhar Free Registration

Firstly, to register your business, you should own your Aadhaar information at that point in time. If you do not apply for Aadhaar or do not own your Aadhaar, then it is important to apply for Aadhaar at an Aadhaar enrolment Centre. Once you obtain the Aadhar number, follow the steps below to obtain Aadhar Udyog for your business.
Step 1: Visit the official website of the Udyog Aadhar site and
Log in to https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx.
Step 2: Fill in your Aadhaar number and name in the respective tabs, which are ‘Aadhaar Number’ and ‘Name of Entrepreneur’.
Step 3: Click the submit button and then press the ‘Validate and Generate OTP’ tab. You will receive the OTP on your registered mobile number. After the verification process, you will be redirected to a page with a form displayed.
Step 4: Enter all the needed details in the appropriate fields, such as “Name of organization” and “Type of Organization.” Be careful and cautious while entering important details like ‘National Industry Classification Code’ and ‘Major Activity’.
Step 5: After filling in all the needed details, it is very important to recheck the filled information to avoid any errors. Now, click on the “submit” button.
Step 6: Once you apply, your registered mobile number will receive another OTP. Enter the OTP accurately and press the ‘Submit’ button to complete the registration process.
Importantly, note that there are no fees or any need to pay any payment to register under Udyog Aadhaar, and don’t forget to print your Udyog Aadhaar certificate after your successful registration process. Through the above-mentioned stepwise process, you will understand that Udyog Aadhaar registration is simple and easy to follow.
How do I cancel Udyog Aadhar registration?
Is Udyog Aadhar the replacement of MSME?

UAM (Udyog Aadhaar Memorandum)

As per the MSME Registration Scheme, Udyog Aadhaar Memorandum, or shortly as UAM, is a single-page registration form, in which you can self-certify your organization’s existence, bank details of the entity, promoter/owner’s Aadhaar information, and other required information. There is no need for payment or any fee to file the Udyog Aadhaar Memorandum. Once after submitting the form successfully, the Acknowledgement of Udyog Aadhaar will be generated and mailed to your registered email address, which is provided in the UAM, and it is the unique Udyog Aadhaar Number (UAN).
Enterprises or businesses or entities that have already registered under the Small Scale Industry registration before the launch of the Micro, Small and Medium Enterprises Development Act, 2006, or filed the Entrepreneurship Memorandum-I or Entrepreneurship Memorandum-II or both the Memoranda, will not be required to file the Udyog Aadhaar Memorandum. Enterprises can file the same Aadhaar Number to file multiple UAMs, as there is no limitation. 
The Udyog Aadhaar memorandum is a self-declaration form, therefore there isn’t any need to submit any required documents to file UAM. However, state and central authorities can request for required documents as proof of the details which are entered in the application form and so, it is best to keep all required documents on hand.
All these benefits of Udyog Aadhaar Registration are vital to any type of business as this government scheme will help you access capital and enjoy several types of aids exclusively allocated to the business. Furthermore, you can enjoy the benefits of Udyog Aadhaar with a remunerative and timely business loan which helps you to improve and develop your business to greater levels.

Note:

1. Udyog Aadhar Registration can done without mobile number Linking but for Udyam Registration is required the Adhar card which is linked to any mobile number.
2. Udyog Aadhar can be registered different/multiple times with different company names but Udyam Registration can only registered to one Aadhar card Applicant. The Udyog Aadhar Registration is a fully online process which costs totally free. It gives the Great Boost to SMEs In our Country India.