How to Update Udyog Aadhar to Udyam Registration

Why to update your old Udyog Aadhar?
The Ministry of Micro, Small and Medium Enterprises (MSME) released its notification dated 6th August 2020 and has provided information on the existing Entrepreneurs Memorandum (EM) /Udyog Aadhar Memorandum (UAM) and regarding the New MSME registration known as “Udyam Registration“.

As per the official notification, the existing MSMEs registered under the Entrepreneur Memorandum EM – Part-II or Udyog Aadhaar Memorandum UAM (MSME / Udyog Aadhaar) will be valid until a period of 31st December 2021.

So updating your old Udyog Aadhar to new Udyam registration becomes important.

The existing enterprises under EM- part II or UAM will have to register again on the Udyam Registration Portal. Udyog Aadhaar Memorandum should be updated before 31st December 2021, or it will be either cancelled or blocked.

Udyam Registration

The new process of the MSME registration is known as Udyam Registration. It has been effective from 01st July 2020, and many have already registered under Udyam. It is the re-classified version of the Udyog Aadhaar Memorandum which earlier was known as Udyog Aadhaar registration.

Udyog Aadhaar Memorandum

Udyog Aadhaar Memorandum is a one-page registration process to register under Micro Small and Medium Enterprise (MSME) and contains all the information of applicant details like self-certify all business details like a bank account, promoter details, etc. It is a unique identification twelve-digit number mainly used for MSMEs.

Benefits Of UAM

The government of India has provided many benefits of Udyam registration on the update of Udyog Aadhaar. In order to help MSMEs development not only in India but also globally. Two of those advantages are a reservation policy and a credit guarantee scheme. Check benefits here.

• Many government schemes for MSMEs can be accessed once you have enrolled. Excise and direct tax exemptions, quick low-interest loans, credit backed loans, government incentives, and more are among the advantages.
• Registered companies are also entitled to participate in different international exhibitions with financial assistance. They are ideal places to network and display goods.
• Registered businesses are eligible for credit-linked capacity subsidy schemes by applying via the primary lending agencies.
• There have been compromises made on electricity bills.

Documents Required to Update Udyog Aadhaar Memorandum

There are few documents required for Udyam registration with UAM which are completely based on a self-declaration basis:-

• The enterprise owner’s name and Aadhaar number (As per Aadhaar card)
• Name of the business or organization you want to start
• Details of your enterprise Previous registration
• Type of enterprise/organization that you own
• Current address and account details of the owner
• NIC Code or National Industrial Classification Code
• The number of total workers employed at your organization segregates into gender.
• Current activities of your firm
• Entrepreneur’s Email ID and mobile number
• PAN number and the overall expenditure made by the entrepreneur in the organization

Process to Update Udyog Aadhaar Memorandum Online

The simple 6-step process for registration and to to Update Udyog Aadhaar Memorandum in Udyam :

• Step 1: Visit the Udyam registration Government Portal
• Step 2: Under “You can Migrate to Udyam (Re-Register) Here” category – Click on “For those already having registration as UAM” button
• Step 4: Enter Your Udyog Aadhar Memorandum Number and Click on Get OTP and Enter the OTP as received
• Step 5: Verify your Pan Number
• Step 6: Fill the remaining application form and press on Submit and Get OTP and file your application

How we can help you with?

Udyamregistration.org.in  is a private registration consultant. We help small-scale business owners in getting MSME registration / Udyam registration / Udyog Aadhaar registration online, in a quick and easy way. We started with the simple idea that doing business in India should be easy.
To accomplish our mission, we are building the largest business services platform with a range of business services from incorporation to tax filing.
By making it easier to do business, we hope to unleash Entrepreneurship and help small businesses compete effectively. We help you to register your business anywhere in India to manage legal compliance at your fingertips.
During our journey, we have served Start-up’s and MSME’s across the length and breadth of India, starting from Leh to Tamil Nadu and Gujurat to Arunachal Pradesh.

Get your business registration under the Udyam registration portal and approve it with ease, super quick operation, hassle-free, affordable prices, certificates valid for lifetime, get a free consultation.