REGISTER YOUR MSMEs TODAY AND AVAIL THE BENEFITS!

Udyog Aadhaar Memorandum (UAM) is a solitary page registration that is proportionate to the past 11 structures convention for self-certification of the MSMEs. This could be demonstrating the presence of the foundation, proprietor’s or advertiser’s character. Moreover, it is like the one of a kind Aadhaar details and financial balance data, or some other essential data to speak to as a character of the MSME.

Additionally, the enrollment procedure is totally paperless i.e online (on the web). Following the completion, the candidate will get a one of a kind Udyog Aadhaar Number (UAN). This UAN is an identifier that can be used in applications of all MSME plans.

Significance

India, home to the biggest number of MSMEs in the world. Thinking about the current situation, our administration executes imperative plans that guide MSMEs. Therefore, consequently, the MSMEs help our Indian economy. In any case, huge numbers of these little ventures can’t profit benefits because of the lengthy registration process. Additionally, it incorporates more than 11 structures and a lengthy registration methodology. In this manner, simplifying the tedious procedure by means of Udyog Aadhaar Memorandum.

What is the Udyog Aadhaar Memorandum (UAM) portal?

The Udyog Aadhaar Memorandum (UAM) portal is a one-page enlistment structure which helps MSMEs register themselves and self-guarantee all business subtleties like a bank account, promoter details and so forth. The enlistment procedure is liberated from cost.

Utilizing the UAM, businesses can self-proclaim their reality, financial balances, Aadhaar details and more.

Here’s a brief glance into how you can enroll for the Udyog Aadhar Memorandum

1. Login to the UAM site here
2. Ensure you have an enrolled Aadhar card, Enter your Aadhar number and name of the entrepreneur.
3. Check the box of Terms and Conditions
4. Click on ‘Approve and Generate OTP’.
5. Enter the OTP you get on your enrolled portable number.
6. When confirmed, you should fill an online structure.
7. Fill in all the fields – records referenced underneath.
8. Click on submit and reappear the following OTP you get on your portable number.
9. Click the last submit button.

You can file for more than 1 UAN (Udyog Aadhaar Number), utilizing the equivalent Aadhaar card.

When the registration procedure is done, a UAN number will be sent by means of email based on which they can profit from different Central and State government benefits for MSMEs.

When the registration is acknowledged, the Government gives you a recognised certification. This certification will additionally assist you with profiting benefits relying upon your business category.

Qualification to enroll on the UAM portal

So as to help MSMEs compact lockdown liquidity crunch and profit benefits, the Government has optimized the meaning of MSMEs. Presently MSMEs are ordered dependent on their yearly turnover and speculation, which can be confirmed on the GSTN portal.

Important Information for Udyog Aadhaar Memorandum registration
Make sure you have these documents with you while registering your business in Udyog Aadhar

1. Aadhaar card number
2. Name of business owner/ business information
3. Category of applicant
4. Type of organisation
5. Bank details
6. National Industrial Classification code
7. Number of persons employed
8. Details of District Industry Centre (DIC)
9. Date of commencement of business

Why should you register on the UAM portal?

Here are some of the benefits MSMEs can avail from the Udyog Aadhaar Memorandum:

1. Once registered, you can access many MSME government schemes. Benefits include exemption from excise and direct taxes, easy loans with low-interest rates, loans with credit guarantee, government subsidies and more.
2. Registered businesses are also eligible to receive financial aid for participation in various foreign exports. These are ideal places to network and showcase products.
3. Easily open a current account for a business.
4. Avail reduced prices for filing patents and trademarks.

The Government has several benefits introduced by the government to help MSMEs grow in India. Some of these benefits include a reservation policy and a Credit Guarantee Scheme.

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