All You Need to Know About Udyam Registration Portal: A Step-by-Step Guide
This article provides a comprehensive guide to the Udyam registration portal in India, explaining the step-by-step registration process and the benefits it offers small businesses.
On 13 May 2020, Minister of Finance Nirmala Sitharaman announced a new classification for MSMEs to unify the manufacturing and services segment and include revenue with investment to classify MSMEs. into micro, small, and medium according to global standards. This new classification was approved by the Union Cabinet on June 1, 2020, and accordingly, the Udyam Registration Portal application process became effective on July 1, 2020. The
Udyam registration replaces all registrations. other, which means c.EMII or Udyog Aadhar record. Currently, Udyog Aadhar is as-is and no new registrations or changes are allowed. The Udyam record has been structured in such a way that it is linked to various government databases such as PAN, IT, and GST of organizations and automatically extracts revenue and investment information. This is required for the Udyam registration Portal to upgrade or downgrade any entity in the MSME classification.
The Udyam registration procedure is based on your current registration. If the organization is already registered under the name Udyog Aadhar, then it must follow the simple process outlined in “Upgrading from Udyog Aadhar to Udyam Registration; What you need to know”. However, if the organization does not have a Udyog Aadhar registration or is a new organization, then follow the detailed procedure below to apply for a new Udyam registration
- Visit the registration website sign Udyam ( www.udyamregisteration.org)
- Select “For New Entrepreneurs Not Registered as MSMEs”
- You will see a form to start the process. This process has 25 fields or subsections divided into 8 sections.
Udyam Registration Portal Online
Prerequisites
Government documents you must bring with you before new registration You need to have your AADHAR CARDS and PAN CARDS ready with you
- The card must be from the Owner (owning company) , Managing Partner (partnership) or Karta (Hindu Undivided Family Business)
- In the case of a corporation, limited liability company, limited liability company , cooperative association, or trust, must submit the authorized signer’s Aadhar number and must submit the PAN number associated with the organization
- A GST number is required for the Udyam Registration Portal. However, at this time, this is not required as the GST number is internally associated with the PAN number and thus it will be obtained from your PAN
- . Income Tax (ITR) details are required for the Udyam Registration Portal. But since they are linked with PAN numbers, PAN information is enough
Part 1: Verify Aadhar by OTP (Fields 1 and 2)
The first step is to validate the Aadhar number and name as shown on the applicant’s Aadhar card. The applicant must be the primary and authorized signatory of the organization.
After submitting details and clicking on VERIFICATION & GENERATE OTP button, an OTP will be sent to a registered mobile number with Aadhar Card which needs to be sent and authenticated
Part 2: PAN VERIFICATION (Field 2, 3 & 4 )
Once you have sent your Aadhar number, the next step is to validate your PAN CARD. After validating the PAN card, provide details if you have filed an ITR in the past few years and if you have applied for a GSTIN for your organization. Organization-related details, registrant details, and contact details
Part 3: Location of the organization (fields 11, 12, and 13)
Location and address of the organization’s activities organization and implementation centers.
Part 4: Other details of the organization (Schools 14-19)
This section collects all other details about the establishment of the organization, details of previous records, status, number of employees, type of business, and NIC for all products and services
Also, Visit here to know Document Required for Udyam Registration
Part 5: Institutional criteria for investment
This section identifies investments in fixed assets by the organization. This information is collected from ITRs 3, 5, and 6 if PAN is linked and otherwise self-reported
Section 6: Other details (Fields 22, 23, and 24) government agencies. Most of them are Yes/No questions and based on owner preference they are documented.
Part 7: Acceptance and generation of electronic certificates
Final acceptance of documents provided and submission for final OTP to generate electronic certificates.
Conclusion
The Udyam registration portal is an important platform for small businesses in India to avail the benefits of various government programs and initiatives. This article provides step-by-step instructions on the application process, including all the necessary steps involved. From eligibility criteria to required documents, we’ve covered everything small business owners need to know to register on the Udyam portal. By registering on the platform, small businesses can access many benefits and support that will help them grow and prosper in the competitive Indian market.
