{"id":20161,"date":"2020-11-24T15:24:25","date_gmt":"2020-11-24T09:54:25","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=20161"},"modified":"2020-11-24T15:37:58","modified_gmt":"2020-11-24T10:07:58","slug":"key-features-of-msme-registration-and-udyog-aadhaar","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/key-features-of-msme-registration-and-udyog-aadhaar\/","title":{"rendered":"What are the Key Features of MSME Registration and Udyog Aadhaar? Let\u2019s understand these Concepts in Brief!"},"content":{"rendered":"\n<p class=\"has-drop-cap\">MSME is a shortened form of the term Micro, Small, and Medium Enterprises.\u00a0 MSMEs propel the growth of the country and considered as the backbone of the Indian economy. Through the implementation of the <strong>MSMED Act<\/strong><sup><a href=\"https:\/\/msme.gov.in\/circulars\/msme-development-act-2006-rules-26-september-2006\"><strong>[1]<\/strong><\/a><\/sup><strong>,<\/strong> the government has introduced plenty of lucrative schemes as well as incentives for the upliftment of the MSME across the country.\u00a0 <\/p>\n\n\n\n<p>One has to obtain <a href=\"https:\/\/corpbiz.io\/msme-registration\"><strong>MSME registration<\/strong><\/a> in order to avail such benefits.\u00a0 There is a lot of confusion among the entrepreneurs regarding the MSME Registration and Udyog Aadhaar.\u00a0This write up will provide the brief on the same. <\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/key-features-of-msme-registration-and-udyog-aadhaar\/#Is_there_any_Differences_between_MSME_Registration_and_Udyog_Aadhaar\" >Is\nthere any Differences between MSME Registration and Udyog Aadhaar?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/key-features-of-msme-registration-and-udyog-aadhaar\/#Updated_Procedure_for_MSMEUDYOG_Aadhar_Registration\" >Updated Procedure for MSME\/UDYOG\nAadhar Registration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/key-features-of-msme-registration-and-udyog-aadhaar\/#What_is_MSME_registration\" >What is MSME registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/key-features-of-msme-registration-and-udyog-aadhaar\/#MSME_registration_Benefits\" >MSME registration Benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/key-features-of-msme-registration-and-udyog-aadhaar\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_there_any_Differences_between_MSME_Registration_and_Udyog_Aadhaar\"><\/span>Is\nthere any Differences between MSME Registration and Udyog Aadhaar?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MSME &amp; <a href=\"https:\/\/corpbiz.io\/learning\/udyog-aadhar-registration-process-documents-and-fees\/\"><strong>Udyog Aadhar registration<\/strong><\/a> seems alike, yet they are distinctive initiatives. Udyog Aadhar is a conducive medium for obtaining MSME registration.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Arrival of Udyam Registration<\/h3>\n\n\n\n<p>On 26.06.2020,\nMSME through the notification announced the advent Udyam Registration as the\nnew process for MSME\/UDYOG AADHAAR Registration. The new method has become\neffective from July 1, 2020.<\/p>\n\n\n\n<p>Udyam registration came into the effect to simplify the\nprocedural format that business owners used to address for registration for\ntheir business under Micro Small Medium Enterprise or MSME. Before the advent\nof Udyam Registration, the procedural format for registering the companies was\npretty complicated due to tedious paperwork. But after the arrival of Udyam\nRegistration, things become easier for the applicants.&nbsp;<\/p>\n\n\n\n<p>Before the Udyog Aadhaar Memorandum system, there used to be\nan old system of EM-I\/II (Entrepreneur Memorandum). Previously, there was a\ndifferent portal that works on national and state-level independently for\ncarrying out MSME registration.&nbsp; The section below would let you\nunderstand the key differences between MSME registration and Udyog Aadhaar by\nevaluating each section in detail. Those are as follows:-<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Udyog Aadhar to Simplify the\nProcedural Format<\/strong><\/h3>\n\n\n\n<p>The majority of small businesses have a lot of confusion\nregarding Udyog Aadhar. If you are going through the same dilemma, then you\nland on the right page. In general, Udyog Aadhar is a government-driven\nregistration that is allocated to the entities in the form of a unique number.\nNotably, Udyog Aadhar is given to small scale enterprises. Udyog Aadhar allows\nthe businesses to avail maximum from the endless government schemes and\ngrowth-centric incentives.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Updated_Procedure_for_MSMEUDYOG_Aadhar_Registration\"><\/span>Updated Procedure for MSME\/UDYOG\nAadhar Registration<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One has to go through several mandatory steps to obtain\nUdyog Aadhar from the authority. The registration process for Udyog Aadhar\nstarted with filing a self-declaration form known as UAM (Udyog Aadhar\nMemorandum). The following steps would let you complete the same.&nbsp;<\/p>\n\n\n\n<ul><li>The one-page form can be filled either offline or online. To get started with the registration process, you should visit the online portal of MSME.\u00a0<\/li><li>On the home page, scroll down to select \u201c<a href=\"https:\/\/corpbiz.io\/learning\/new-enterprise-under-udyam-registration\/\"><strong>Udyam Registration<\/strong><\/a>\u00a0(Online Registration for MSME).<\/li><li>On the next window, under \u201cMSME\/Udyam registration process\u201d select the option called \u201cFor new entrepreneurs who are not registered yet as MSME or those with EM-II\u201d.<\/li><li>The above option would land you on the new page where you need to enter the Aadhaar card number.\u00a0<\/li><li>After entering the Aadhaar number, tap on the \u201cValidate &amp; Generate OTP.<\/li><li>A few seconds later you will receive the OTP on your registered mobile which needs to enter the confirmation page to get verified and open the web form.<\/li><li>In the form, you were required information regarding business activity details, employment bank details, and ownership details, etc along with self-certified certificates.\u00a0<\/li><li>Next, submit the completed form to receive the registration number and the Udyog Aadhar Number (UAN) on your email id.\u00a0<\/li><\/ul>\n\n\n\n<p>That\u2019s all about the Udyog Aadhar registration process. Now\nlet\u2019s move ahead to the next section i.e. benefit of the Udyog Aadhar\nregistration.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Udyog Aadhar Registration\nBenefits<\/h3>\n\n\n\n<ul><li>Udyog Aadhar registration offers vast access to\nendless government-based schemes and incentives. The benefits like unsecured\nMSME loans, micro business loans, hassle-free credit, and subsidized rates are\nquite prominent with this registration.&nbsp;<\/li><li>Udyog Aadhar registration lets entities promote\ntheir products for the global market via foreign expos.&nbsp;<\/li><li>Entities under Udyog Aadhar registration face no\nconstraints while opening the current bank account.&nbsp;<\/li><li>Enterprises having Udyog Aadhar registration are\neligible for relaxation on indirect taxes and excise.&nbsp;<\/li><li>MSMEs under Udyog Aadhar registration enjoys\nlower rates when it comes to patents and trademark.&nbsp;<\/li><li>MSMEs under Udyog Aadhar registration enjoy\nsubstantial concession on the electricity bill.&nbsp;<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_MSME_registration\"><\/span>What is MSME registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The MSMED act provides strings of productive schemes,\nincentives, and subsidies to propel the growth of MSMEs. MSME registration is\nalso known as udyog adhar registration for the small and medium class\ncompanies. This is a self-declaration certificate synced with the Aadhaar card.\n<\/p>\n\n\n\n<p>Once you avail the udyog aadhar registration, government schemes and incentives would become accessible to you. The MSME registration seeks no fees from the applicant and it can be generated promptly by completing the predefined procedure. With MSME registration, enterprises become eligible to avail benefits from several government based scheme and incentives.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MSME_registration_Benefits\"><\/span>MSME registration Benefits<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"1024\" height=\"768\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/MSME-Registration-Benefits-1024x768.png\" alt=\"MSME registration Benefits\" class=\"wp-image-20176\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/MSME-Registration-Benefits-1024x768.png 1024w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/MSME-Registration-Benefits-300x225.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/MSME-Registration-Benefits-768x576.png 768w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/11\/MSME-Registration-Benefits.png 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It\u2019s a good idea to obtain both MSME and Udyog Aadhar registrations to maximize the profitability of the business. Feel free to get in touch with <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz<\/strong><\/a> professionals to get more detail on this topic. We can also assist you in obtaining government-based licenses and registration with minimum paperwork and legal constraints.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/new-debt-facilities-for-distressed-msme\/\">\nAn Overview of New Debt Facilities for Distressed MSME\n<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MSME is a shortened form of the term Micro, Small, and Medium Enterprises.\u00a0 MSMEs propel the growth of the country and considered as the backbone of the Indian economy. Through the implementation of the MSMED Act[1], the government has introduced plenty of lucrative schemes as well as incentives for the upliftment of the MSME across [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":20167,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[176],"tags":[1244],"acf":{"service_id":"71"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":4277,"readingTime":3,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/20161"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=20161"}],"version-history":[{"count":13,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/20161\/revisions"}],"predecessor-version":[{"id":20180,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/20161\/revisions\/20180"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/20167"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=20161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=20161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=20161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}