The Udyam Registration process, introduced by the Ministry of Micro, Small and Medium Enterprises (MSME), started on 1st July 2020. It offers a simple, online, and paperless registration system for businesses under MSME. Here’s a quick overview of the key points:
- Online and Paperless: The registration process is completely online, and there’s no need to upload any documents. It’s based on self-declaration.
- Aadhaar Number Required: To register, you will need an Aadhaar number.
- Registration Number: After registering, you will receive a unique Udyam Registration Number.
- Udyam Certificate: Once completed, you will get an Udyam Registration Certificate. This certificate includes a QR Code that links to your business details on the government’s portal.
- No Renewal Needed: Udyam Registration is lifetime valid. You won’t need to renew it.
- Automatic Data Linkage: Information like investment and turnover will be automatically fetched from PAN and GST databases.
- Integration with Tax Systems: The system is fully integrated with Income Tax and GSTIN systems for smoother data processing.
- Re-registration for Old MSMEs: If you have an old Udyog Aadhaar (UAM) registration, you need to re-register on the Udyam portal. UAM registrations will only be valid till 31st March 2021.
- Single Registration for Multiple Activities: You only need to register once, even if your business involves multiple activities, such as manufacturing or services.
- Free Registration: There is no cost or fee for Udyam Registration. It is completely free.
- Official Portal: The only official platform for registration is the Udyam portal. No third-party agencies or websites are authorized to handle the registration.
- Government Assistance: The Champions Control Rooms and District Industries Centres (DICs) offer single-window support to help with registration and any issues you may face. They also provide grievance redressal services.