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Understanding and Filling the Udyam Registration Form: A Step-by-Step Guide
Introduction
The Udyam Registration is a government registration process that’s streamlined to offer a unique identity to small and medium enterprises (SMEs) in India. Completing the Udyam Registration form is the first step for any enterprise to secure its official status as an SME and to avail a range of benefits provided by the Government of India.
Purpose of Udyam Registration
The primary objective of Udyam Registration is to provide a way for the government to offer support and incentives to SMEs. This includes access to credit, tax subsidies, power tariff subsidies, capital investment and technology upgradation subsidies, and more.
Eligibility for Udyam Registration
Any business entity proprietorship, partnership, private limited company, public limited company, self-help groups, LLPs, trusts, cooperatives engaged in manufacturing or service activity can opt for Udyam Registration.
How to Fill the Udyam Registration Form
Accessing the Form
Visit the official Udyam Registration portal.
Click on the ‘For New Entrepreneurs who are not Registered yet as MSME’ or similar link.
Entering Personal Details
Enter your name as per the Aadhaar card and your 12-digit Aadhaar number.
Validate the Aadhaar number using the OTP sent to the mobile number registered with UIDAI.
Filling in Business Details
Provide the name of the enterprise.
Select the type of organization from the given options.
Fill in the official address, including the district and PIN code.
Provide the date of commencement of business.
Banking Information
Enter the bank account number and IFSC code of the bank branch where the business account is held.
Business Activity Details
Select the main business activity manufacturing or service.
Provide the National Industrial Classification (NIC) Code for the activities being carried out by the enterprise.
Mention the number of persons employed.
Investment and Turnover Details
Enter the amount of investment made in Plant, Machinery, and Equipment.
Fill in the details of the turnover as per the Income Tax Act or the Central Goods and Services Act.
Additional Information
If applicable, provide information about previous MSME registration.
Select the DIC (District Industry Center) from the dropdown list, if required.
Final Submission
Review all the details entered for accuracy.
Click on the Submit and Get final OTP button.
Enter the OTP received on the registered mobile to complete the process.
Documents Required
Aadhaar card of the proprietor, partner, or director.
PAN card of the proprietor, partner, or director and of the business entity.
Bank account details of the business entity.
Post-Submission
Upon successful submission, you will receive a registration number and eventually, the Udyam Registration Certificate can be downloaded from the portal.
Conclusion
Udyam Registration is a vital step for SMEs in India, and the process has been made straightforward and user-friendly. Once registered, businesses can benefit from the numerous schemes and incentives aimed at fostering growth and sustainability in the SME sector. It’s recommended to keep the details provided in the registration form up-to-date and to renew the information annually as required.,
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