UDYOG AADHAAR (MSME) REGISTRATION

Atmanirbhar Bharat Package for MSME was announced by Finance Minister Nirmala Sitharaman on May 13, 2020. Finance Minister Nirmala Sitharaman on May 13 announced measures to help support and revive the micro, small and medium enterprises (MSMEs) battered by the COVID-19 outbreak under Atmanirbhar Bharat package. The measures taken by the Finance Ministry include,

  • Rs 3 lakh crore of collateral-free automatic loans,
  • Rs 20,000 crore subordinated debt for stressed MSMEs,
  • Rs 50,000 equity infusion through fund of funds,
  • MSME definition change; more widen
  • Global tender restrictions upto Rs 200 crores as well as e-market linkages.

Now both manufacturing and servicing enterprises will be under one segment. Firms with less than Rs 1 crore investment and below Rs 5 crore turnover will be called micro entities while those with below Rs 10 crore investment and less than Rs 50 crore turnover will be small entities. Medium entities will be those with less than Rs 20 crore investment and turnover below Rs 100 crore.

Basic Requirement for Udyog Aadhaar (MSME) registration :

1 Aadhar Number – 12 digit Aadhar number issued to the applicant ( Proprietor / Director / Partner) should be filled in the appropriate field.
2 Social Category – the Applicant may select the Social Category (General, Scheduled Caste, Scheduled Tribe or Other Backward Castes (OBC). The proof of belonging to SC, ST or OBC may be asked by appropriate authority, if and when required.
3 Name of Enterprise – the Applicant must fill the name by which his/her Enterprise is known to the customers/public and is a legal entity to conduct business.One applicant can have more than one enterprises doing business and each one can be registered for
4 Type of Organisation – the Applicant may select from the given list the appropriate type of the organisation for his/her enterprise. The Applicant must ensure that he/she is authorised by the legal entity (i.e. enterprise being registered for Udyog Aadhar
5 Postal Address – the Applicant should fill in the appropriate field the complete postal address of the Enterprise including State, District, Pin code, Mobile No and Email.
6 Date of Commencement – The date in the past on which the business entity commenced its operations may be filled in the appropriate field.
7 Previous Registration Details (if any) – If the Applicant’s enterprise, for which the Udyog Aadhar is being applied, is already issued a valid EMI/II by the concerned GM (DIC) as per the MSMED Act 2006 or the SSI registration prevailing prior to the said
8 Bank Details – the Applicant must provide his/her bank account number used for running the Enterprise in the appropriate place. The Applicant must also provide the IFS Code of the bank’s branch where his/her mentioned account exists. The IFS code is now a
9 Major Activity – The major activity i.e. either “Manufacturing” or “Service” may be chosen by the enterprise for Udyog Aadhar.
10 NIC Code – the Applicant may choose as appropriate National Industrial Classification-2008 (NIC) Code for the selected “Major Activity”.
11 Person employed – The total number of people who are directly been paid salary/ wages by the enterprise may be mentioned in the appropriate field.
12 Investment in Plant & Machinery / Equipment – While computing the total investment, the original investment (purchase value of items) is to be taken into account excluding the cost of pollution control, research and development, industrial safety devices,
13 DIC – the Applicant, based on the location of the Enterprise, has to fill in location of DIC.