Udyam Aadhar

Important Udyam Registration Features: What is Udyam Registration?

For MSMEs, it is a special identification system.It streamlines the procedure and takes the place of the previous Udyog Aadhaar Memorandum (UAM).Each business is given a unique Udyam Registration Number.

Who Needs to Sign Up?
Micro, Small, and Medium-Sized Businesses (MSMEs) according to turnover and plant/machinery investment:
Microbusiness: Turnover < 5 crores and investment ≤ 1 crore.
Small Business: ₹50 crores in revenue and ₹10 crores in investment.
Medium-Sized Business: ₹50 crores in investment and ₹250 crores in revenue.

Advantages of Registering with Udyam:
Access to government programs such as low-interest loans, subsidies, and payment delay protection.
Preference in tenders for governmental procurement.
MSMEs' credit guarantee program.
Simpler license and permit approval processes.
Concessions on taxes and tariffs.

Required Documents:
For a proprietorship: The owner's Aadhaar card is required.
For a partnership firm: The managing partner's Aadhaar.
For Company/LLP: The authorised signatory's Aadhaar.
PAN Card: Required for the organisation.
The company's bank information.

For MSMEs, Udyam Registration streamlines the compliance process and guarantees that they can effectively utilise government programs to promote their expansion and sustainability.