Business

Everything You Need to Know About the MSME Udyam Registration Portal

On July 1, 2020, the Union MSME Ministry established the UdyaM/MSME Registration Portal. Both in terms of flexibility and features, the site has proven its worth. Currently, the platform includes over 11 lakh registered MSMEs who have completed their self-declaration registration procedure. This registration process was created by the Finance Minister as part of the Prime Minister’s assistance package in the wake of the Covid 19 pandemic.

The Udyam Registration Portal excels at the paperless idea while also offering a variety of interesting services to business owners.

Highlighting the Key Features of the MSME Udyam Registration Portal:

  • Allow the applicant to submit an online MSME Udyam Registration application on a self-declaration basis.
  • No paperwork is required because the site simply requires an Aadhaar card to complete the registration process.
  • IT and GST systems are fully integrated.
  • Support automatic retrieval of PAN and GST associated details from government databases in order to find information about a company’s investment and turnover.

New Entrepreneur Registration on the Udyam Registration Portal:

The following processes can be followed by new entrepreneurs seeking MSME Udyam Registration:

Step 1: Go to the Udyam Registration portal.

Step 2: On the screen, a new page containing the Aadhaar Number dialogue box will display. In the blank section, you must insert your 12-digit Aadhaar number.

Step 3: Type the entrepreneur’s name exactly as it appears on his or her Aadhaar Card.

Step 4: Read the instructions on the screen and select the tick mark for declaration.

Step 5: After that, select the ‘Validate and Generate OTP’ option.

Step 6: The One Time Password will be sent to your registered phone number for verification purposes by the Udyam registration portal.

Step 7: Enter the One-Time Password (OTP) and click the ‘Validate’ button.

Step 8: After successful verification, take the following steps:

  • Enter the business structure type.
  • PAN Number should be uploaded.
  • Accept the declaration form and click the ‘Validate’ button to continue.
  • As needed, include the ITR and GSTIN information.

Step 9: If the entrepreneur does not have a valid PAN card, they can use the ‘Name of the Entrepreneur’ option to enter their name.

Step 10: Fill up the fields with your phone number and email address.

Step 11: Next, submit information on the enterprise’s social category, gender, and name.

Step 12: Find the location of the Plant.

Step 13: Provide the official address of the company.

Step 14: Next, supply the former EM-II/UAM registration number, the company’s status, banking information, core business operations, NIC Codes connected to activities, and staff information.

Step 15: Input the cost of establishing plant and machinery, as well as any other pertinent information displayed on the screen.

Step 16: After that, accept the declaration form and select the ‘Submit and Get final OTP’ option.

Step 17: To finish the registration procedure, enter the One-Time Password.

Migration to Udyam: A Step-by-Step Guide (Re-Register)

The steps below can be followed to re-register for Udyam Registration.

Step 1: go to the Udyam Registration website.

Step 2: Select the ‘Udyam re-registration option.

Step 3: A new tab will open for you. You had to enter your Udyog Aadhaar number and choose one of the OTP options.

Step 4: To continue, click on the ‘Validate and Generate OTP’ tab.

Step 5: To validate your Udyog Aadhaar Number, enter the One-Time Password.

Procedure to update Udyog Aadhar Details:

The following are the instructions for updating your Udyog Aadhaar online:

Step 1: go to the Udyam Registration portal.

Step 2: To update your information, select the “Update details” option.

Step 3: You will be given two alternatives to choose from. From the drop-down option, choose ‘Udyog Aadhar Update.’

Step 4: A new window titled MSME Udyog Aadhar Update will display on the screen.

Step 5: For the purpose of updating, provide your genuine UAM number.

Step 6: Choose an appropriate option from the list below:

  • You will receive an OTP based on your mobile number.
  • OTP sent to your email address

Step 7: Display the Captcha code on the computer screen.

Step 8: Select the ‘Validate & create OTP’ option.

Step 9: Use your registered credentials, such as your phone number or email address, to enter the One Time Password.

Step 10: Once authenticated, modify the MSME Udyog Aadhaar details as needed.

Downloading the MSME Certificate from the UAM portal instructions:

The Udyog Aadhar certificate can be downloaded using the UAM number on the UAM portal by following the procedures below.

Step 1: Go to the udyam registration page.

Step 2: Locate and pick the ‘Print’ option on the home page.

Step 3: You will be sent to a new tab.

Step 4: For downloading purposes, provide a valid UAM number.

Step 5: Enter your Udyog Aadhaar-registered phone number.

Step 6: Finally, press the ‘Submit’ button to continue.

Step 7: The gateway will deliver the One-Time-Password to the phone number you provided.

Step 8: In the required field, type the One Time Password.

Step 9: Finally, download the Udyog Aadhaar certification in PDF format.

What is the procedure for checking the status of my Udyam registration?

Step 1: Go to the udyam registration page.

Step 2: Type in your Udyam Registration Number as well as your registered phone number.

Step 3: Select the appropriate ‘OTP’ option.

Step 4: Finally, select Validate and Generate OTP from the drop-down menu.

The Benefits of Udyam Registration include:

The following are some of the benefits of registering with Udyam:

  • Aids in the acquisition of government contracts.
  • Bank loans are widely available and come with a reasonable interest rate (up to 1.5 percent lower than interest on regular loans)
  • A number of tax incentives are available to Udyam.
  • Regardless of the sort of business, obtaining permits, permissions, and registrations is simple.
  • It is simple to obtain credit, and interest rates are inexpensive.
  • You can get tariff, tax, and capital subsidies if you have an Udyam Registration Certificate.
  • The cost of a patent or the cost of establishing an industry is decreased as numerous rebates and concessions are applied to the cost of a patent or the cost of establishing an industry.

Penalty:

Anyone who attempts or tries to suppress the figures and facts in the MSME Udyam Registration with the goal to falsify the facts will be punished.

With a fine that could reach Rs.1000/-: In the event of a first offense,

With a fine of at least Rs.1000/- and up to Rs.10,000/- If you are convicted for a second or subsequent time, you will be sentenced to prison.

Suggested Read- Print Udyam Registration Certificate

Conclusion:

The Udyam registration platform comes with a slew of useful features for business owners. Everything can be done with a few clicks, from registration to updating. You can also check the status of your application by going to the portal and entering your UAM number. I hope this blog will be helpful for you.

udyamregistration

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