Udyam Re-Registration: Essential for MSMEs to access government schemes and subsidies.
If you owns a small business in India and previously registered under Udyog Aadhaar Memorandum (UAM) then the new udyam registration/udyam re-registration is must for your business to access government schemes and subsidies.
New udyam registration is launched in July 2020 by the Ministry of MSME (Micro, Small, Medium Enterprises. This blog post will guide you through why re-registration is necessary and Process of Udyam Re-registration
Why Re-register Under Udyam?
The Udyam system replaced the older, paper-heavy Udyog Aadhaar process to create a more transparent and integrated digital system. While your Udyog Aadhaar number might be valid for a transitional period, migrating to Udyam ensures you remain compliant and can leverage vital support.
Benefits of having a valid Udyam certificate include:
- Access to priority sector lending from banks, often at lower interest rates.
- Eligibility for various government schemes, subsidies, and credit guarantee programs.
- Concessions on electricity tariffs and discounts on patent and trademark registration fees.
- Easier access to government tenders and protection against delayed payments.
The Re-registration Process: A Step-by-Step Guide
Udyam registration system is integrated with the Income Tax and GST portals to automatically fetch investment and turnover data, making the process quick and paperless.
Here is how you can re-register or update your existing UAM to Udyam:
- Visit the udyam registration Portal: Udyogregistar is trusted website offers hustel free udyam re-registration process.
- Navigate to the Udyam re-registration Section:Look at the heard section of homepage and select the option Udyam Registration.
- Fill the Udyam re-registration form:Fill the Udyam Re-Registration form (URN) or previous UAM number. Verify your identity using the OTP sent to the mobile number linked with your Aadhaar card.
- Update Business Details:The system will display your current business details. You can update information such as:
- Annual turnover and investment in plant/machinery
- Business activity (NIC codes)
- Bank account details
- Number of employees
- Submit and Download:Once you have reviewed and updated all the information, submit the form. The system will process the changes, and you can instantly download or receive your updated Udyam Registration Certificate via email.