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UDYOG AADHAAR REGISTRATION
UDYOG AADHAR REGISTRATION CERTIFICATE
Important to Know
An enterprise shall be classified as a mecro, small or medium enterprise on the basis of the following criteria, namely: —
- (i) a mecro enterprise, where the investment in plant and machinery or equipment does not exceed one crore rupees and turnover does not exceed five crore rupees;
- (ii) a small enterprise, where the investment in plant and machinery or equipment does not exceed ten crore rupees and turnover does not exceed fifty crore rupees; and
- (iii) a medium enterprise, where the investment in plant and machinery or equipment does not exceed fifty crore rupees and turnover does not exceed two hundred and fifty crore rupees.
For the detailed legal framework for classification of UDYAM and Procedure for their Registration
Must Know
Government has organised a full system of Facilitation for Registration Process
- An enterprise for the purpose of this process will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’
- A permanent registration number will be given after registration.
- After completion of the process of registration, a certificate will be issued online.
- This certificate will have a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed.
- There will be no need for renewal of Registration.
- Our single window systems at Champions Control Rooms and at DICs will help you in the process.
Must Follow
- UDYAM registration process is fully online, paperless and based on self-declaration.
- Only Adhaar Number will be enough for registration.
- PAN & GST linked details on investment and turnover of enterprises will be taken automatically from Government data bases.
- Our online system will be fully integrated with Income Tax and GSTIN systems.
- Having PAN & GST number is mandatory from 01.04.2021.
- Those who have EM-II or UAM registration or any other registration issued by any authority under the Ministry of MSME, will have to re-register themselves.
- No enterprise shall file more than one Udyam Registration. However, any number of activities including manufacturing or service or both may be specified or added in one Registration.
Documents Required
- Aadhaar Card
- Email ID and mobile number of the entrepreneur
- Name of your organization or enterprise
- Current address and account details
- PAN number and the total investment made in the organization by the entrepreneur.
Use of UDYAM / Udyog Aadhaar Certificate
- Easy sanction of Bank loans at lower rates of interest
- Claim stamp duty and registration charges.
- Rate of interest from the banks can be reduced.
- The business owner who opts for Udyog Aadhar can get a concession on Electricity bills.
- Can become a part of International business fairs.
- Enjoy easy bank mortgage.
- Exemption under direct tax laws.
- Reservation of products for exclusive manufacturing by UDYAM and SSI.
- Can avail subsidy from NSIC and credit ratings & Eligible for IPS subsidy.
Apply Online for UDYOG AADHAR REGISTRATION CERTIFICATE
UDYOG AADHAR REGISTRATION CERTIFICATE
Benefits and FAQ's - UDYOG AADHAR REGISTRATION CERTIFICATE
The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) was launched by the Government of India to make available collateral-free credit to the micro and small enterprise sector. Both the existing and the new enterprises are eligible to be covered under the scheme. The Ministry of Micro, Small and Medium Enterprises, Government of India and Small Industries Development Bank of India (SIDBI), established a Trust named Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to implement the Credit Guarantee Fund Scheme for Micro and Small Enterprises
Reservation of items for exclusive manufacture in SSI sector statutorily provided for in the Industries (Development and Regulation) Act, 1951, has been one of the important policy measures for promoting this sector.
The Reservation Policy has two objectives Ensure increased production of consumer goods in the small scale sector Expand employment opportunities through setting up of small scale industries
It has made very easy for enterprises that are having UDYAM Certificate to obtain Licenses, approvals and registrations on any field for their business from the respective authorities as they can produce the Certificate of UDYAM -Registration while making application.
Under the International Cooperation Scheme, financial assistance is provided on reimbursement basis to the State/Central Government organizations, industries/enterprises Associations and registered societies/trusts and organizations associated with Udyam or deputation of Udyog business delegation to other countries for exploring new areas of udyog, participation by Indian udyog in international exhibitions, trade fairs, buyer seller meet and for holding international conference and seminars which are in the interest of UDYAM sectors.
The scheme of refund of octroi provided under the Package Scheme of Incentives, 1993 will be included in the new Scheme up to 31-3-2006 on the same pattern. Where account-based cess or other levy is charged instead of or in lieu of octroi, such change will also be eligible for refund as in the case of octroi.
At present, IT units in public IT Parks are exempted from stamp Duty and Registration fees upto 31st March 2006. Now all new industrial units having UDYAM-Registration and expansions will be exempted from payment of Stamp Duty and Registration fees.
Enterprises that have UDYAM-Registration can enjoy Direct Tax Exemption in the initial year of business, as mention in the scheme by Government and depending on business activity.
Enterprises that have UDYAM-Registration can avail Bar Code Registration subsidy as mentioned in the scheme.
Enterprises that have UDYAM-Registration can avail Subsidy on NSIC Performance and Credit ratings as mentioned in the scheme.
Enterprises that have UDYAM-Registration are eligible for Industrial Promotion Subsidy (IPS) as mentioned in the scheme.
Enterprises that have UDYAM-Registration are eligible for Counter Guarantee from Government of India through CGSTI.
The Ministry of Micro, Small and Medium Enterprises gives protection to UDYAM-Registered Business against delay in payments from Buyers and right of interest on delayed payment through conciliation and arbitration and settlement of dispute be done in minimum time. If any micro or small enterprise that has UDYAM-registration, supplies any goods or services, then the buyer is required to make payment on or before the date agreed upon between the buyer and the micro or small enterprise. In case there is no payment date on the agreement, then the buyer is required to make payment within fifteen days of acceptance of good or services. Further, in any case, a payment due to a micro or small enterprise cannot exceed forty-five days from the day of acceptance or the day of deemed acceptance. In case of failure by the buyer to make payment on time, the buyer is required to pay compound interest with monthly interest rests to the supplier on that amount from the agreed date of payment or fifteen days of acceptance of goods or service. The penal interest chargeable for delayed payment to a Udyog enterprise is three times of the bank rate notified by the Reserve Bank of India.
The rate of Interest for enterprise that has UDYAM-registration are lower as compare to other enterprises. Certain targets are set for banks’ lending to the Micro and Small Enterprises. The banks’ have to achieve a 20% growth in credit to micro and small enterprises and 10% annual growth in the number of micro enterprises accounts and 60% of total lending to Micro and Small Enterprises sector. The banks have to follow the following:
1. 40% of the total advances must go to micro and small enterprises involved in manufacturing having investment in plant and machinery up to Rs.10 lakh and for service enterprises having investment in equipment up to Rs.4 lakh.
2. 20% of the total advance to micro and small enterprises should go to manufacturing enterprises that have above Rs.10 lakh till Rs.25 lakh investment in the plant and machinery and for service enterprises that have investments in equipment above Rs.4
3. To simplify, 60% of the advances must go to micro enterprises.
The Ministry of Micro, Small and Medium Enterprises is operating a scheme namely “Credit Linked CGSTI Subsidy Scheme (CLCSS) for technology upgradation of Micro and Small Enterprises. The scheme was launched in October-2000 and revised from 29.9.2005. The revised scheme aims at facilitating technology upgradation of Micro and Small Enterprises (MSEs) by providing 15% capital subsidy (limited to maximum Rs.15 lakhs) for purchase of Plant & Machinery. Maximum limit of eligible loan for calculation of subsidy under the scheme is Rs.100 lakhs. Presently, more than 1500 well established/improved technologies under 51 sub-sectors have been approved under the Scheme.
The Ministry of Micro, Small and Medium Enterprises gives following benefits to enterprises that has UDYAM-Registration while making application for Government Tenders:
1. Issue of tender sets free of cost
2. Exemption from payment of Earnest Money
3. Waiver of Security Deposit upto the Monetary Limit for which at the unit is registered.
Enterprises that have UDYAM-Registration Certificate can avail Concession on electricity bill by making application to electricity department along with UDYAM-Registration Certificate.
Enterprises that have UDYAM-Registration Certificate can reimburse ISO Certificate Expenses by making application to respective authority along with UDYAM.
Enterprises that have UDYAM-Registration can enjoy Excise Exemption in the initial year of business, as mention in the Excise Exemption scheme by Government and depending on business activity.
Enterprises that have UDYAM-Registration have preference in procuring government tenders. Special treatment is given to UDYAM-Registered organization while making application for government tenders.
Enterprises that have UDYAM-Registration can avail 15% weightage in price Preference as mentioned.
Enterprises that have UDYAM-Registration can avail benefit of 1% exemption on interest rate on OD as mentioned in the scheme.
Enterprises that have UDYAM-Registration Certificate can avail 50% 50% subsidy for patent registration by making application to respective authorit.