{"id":42799,"date":"2022-04-30T11:32:59","date_gmt":"2022-04-30T06:02:59","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=42799"},"modified":"2022-04-30T11:36:02","modified_gmt":"2022-04-30T06:06:02","slug":"udyam-registration-form-enrolment-requirements-and-details","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/udyam-registration-form-enrolment-requirements-and-details\/","title":{"rendered":"Udyam registration form: Enrolment Requirements and Details"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Udyam registration is a voluntary\ncertification scheme that aims to uplift the financially-aggrieved MSME sector.\nUdyam registration holders can have access to various government-based schemes\nand benefits. MSME Act, 2006 pens the eligibility criteria for such\nregistration. For the enrolment under Udyam registration, one has to fill out\nthe Udayam Registration form and submit it on the Udyam Portal after completing\nthe OTP verification. The write-up aims to discuss the Udyam registration\nform\/application in detail.<\/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\/udyam-registration-form-enrolment-requirements-and-details\/#Who_can_fill_out_the_Udyam_registration_form\" >Who can fill out the Udyam registration form?<\/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\/udyam-registration-form-enrolment-requirements-and-details\/#How_to_get_access_to_Udyam_Registration_form\" >How to get access to Udyam Registration form?<\/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\/udyam-registration-form-enrolment-requirements-and-details\/#Details_to_be_filed_by_applicant_in_the_Udyam_Registration_form\" >Details to be filed by applicant in the Udyam Registration form<\/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\/udyam-registration-form-enrolment-requirements-and-details\/#Facilities_Available_to_MSMEs_in_Udyam_Registration_Form\" >Facilities Available to MSMEs in Udyam Registration Form<\/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\/udyam-registration-form-enrolment-requirements-and-details\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_fill_out_the_Udyam_registration_form\"><\/span>Who can fill out the Udyam registration form? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It&#8217;s worth noting that not all MSMEs fall\nunder the MSME Act 2006. There is a specific criterion that a business has to\nmeet to enroll under the said Act.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MSME operating in the manufacturing sector can be identified if;<\/h3>\n\n\n\n<p><strong><em>Micro enterprises \u2013<\/em><\/strong> The investment doesn&#8217;t surpass twenty\nfive lakh rupees <\/p>\n\n\n\n<p><strong><em>Small enterprises \u2013<\/em><\/strong> The investment is abovetwenty-five lakh\nrupees but doesn&#8217;t exceed five lacs rupees.<\/p>\n\n\n\n<p><strong><em>&nbsp;Medium enterprises \u2013<\/em><\/strong> The investment is above five crore\nrupees and does not surpass ten lakh rupees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">MSMEs operating in the service sector can be identified if: <\/h3>\n\n\n\n<p><strong><em>Micro enterprises \u2013<\/em><\/strong> The investment doesn&#8217;t surpass ten lakh\nrupees.<\/p>\n\n\n\n<p><strong><em>Small enterprises \u2013<\/em><\/strong> The investment is above ten lakh rupees\nbut does not surpass two crores rupees.<\/p>\n\n\n\n<p><strong><em>Medium enterprises \u2013<\/em><\/strong> The investment is above two crores\nrupees but doesn&#8217;t surpass five crore rupees.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_get_access_to_Udyam_Registration_form\"><\/span>How to get access to Udyam Registration form?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>Head over to the Udyam Aadhaar portal<\/li><li>On the home page, click the option called &#8220;For new entrepreneurs who are not registered as <a href=\"https:\/\/corpbiz.io\/msme-registration\"><strong>MSME<\/strong><\/a>.&#8221;<\/li><li>On the next page, the provide your aaddhar no. and name<\/li><li>Complete OTP verification<\/li><li>Enter the type of organization and PAN detail<\/li><li>Render confirmation relating to GSTIN availability, if any, and ITR for preceding FY<\/li><\/ol>\n\n\n\n<p>As you soon complete the above steps, the\nportal shall open the e-application, i.e. Udayam Registration form. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Details_to_be_filed_by_applicant_in_the_Udyam_Registration_form\"><\/span>Details to be filed by applicant in the Udyam Registration form<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The section discusses the critical\ninclusions of the Udayam Registration form that would appear after completing\nthe above procedure.<\/em><\/strong><\/p>\n\n\n\n<ul><li>Name\nof the Entrepreneurs as mentioned on Aadhaar\/PAN<\/li><li>Contact\nNumber and email address<\/li><li>A\ntable highlighting the categorization of MSMEs&#8217; ownership depending on the\npercentage share\/member\/Amount&#8217;s contribution<\/li><li>Applicant&#8217;s\ndetails such as Social category, gender, etc.<\/li><li>Name\nof the enterprise\/plant\/unit<\/li><li>Address\nof the enterprise\/plant\/unit<\/li><li>The\nofficial address of the enterprise<\/li><li>Details\nrelating to previous EM-II\/UAM registration, if any<\/li><li>Status\nof enterprise such as Incorporation Date, confirmation regarding the\ncommencement of business\/production, Commencement date of business\/production<\/li><li>Bank\ndetails such as IFSC code and bank account number<\/li><li>The\nprime activity of the unit<\/li><li>National\nIndustrial Classification Code<\/li><li>Detail\nof employees working in the establishment<\/li><li><strong><em>Investment\nin plant &amp; machinery*<\/em><\/strong><\/li><li><strong><em>Turnover\nof the plant\/business*<\/em><\/strong><\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Investment in plant and machinery*<\/h3>\n\n\n\n<p>According to the <a href=\"https:\/\/corpbiz.io\/learning\/msme-udyam-registration-process-penalty\/\"><strong>Udhyam registration<\/strong><\/a> form, the net investment in plant and machinery shall be estimated on the following expression.<\/p>\n\n\n\n<p>A: Written Down Value as on the March of\nthe FY 2019-20<\/p>\n\n\n\n<p>B: Exclusion of costs relating to\npollution control, R&amp;D, and Industrial safety equipment during 2019-20<\/p>\n\n\n\n<p><strong><em>Net investment in plant and equipment =\nA-B <\/em><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Turnover of the plant\/business*<\/h3>\n\n\n\n<p><strong><em>The estimation of net turnover shall be\ncomputed based on the following expression. <\/em><\/strong><\/p>\n\n\n\n<p><strong><em>A: Total Turnover during FY 2019-20<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>B: Export Turnover during FY 2019-20<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Net turnover = A-B<\/em><\/strong><\/p>\n\n\n\n<p>Udayam Registration form for new\napplicants is a simplified e-application that seeks minimal details and nil\nattachments. In the last section of this e-form, the portal shall prompt the\napplicant to submit the duly-filed form and validate their submission via OTP\nverification.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Facilities_Available_to_MSMEs_in_Udyam_Registration_Form\"><\/span>Facilities Available to MSMEs in Udyam Registration Form<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>After filling in the above details, the\nportal shall prompt the applicant to enrol with schemes like the Government\ne-market (GeM) and TReDS. Let us explore some facts about both these schemes;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">GeM portal<\/h3>\n\n\n\n<p>GeM is a dynamic and intuitive web-based\nportal for making procurement by Government officers. Public procurement\nconstitutes a critical part of government activity, and reform in public\nprocurement is one of the utmost priorities of the existing government. <\/p>\n\n\n\n<p>GeM is a very proactive step of the GOI\nwith the aim to revamp the way in which procurement of goods &amp; services is\npursued by the government-based departments and ministries, public sector\nundertakings and other key agencies of the Central Government. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">GeM Benefits for Buyers <\/h4>\n\n\n\n<ul><li>Rich listing of items for individual categories of goods or services<\/li><li>Search, Compare, Choose and Purchase Facility<\/li><li>Seamless procurement of Good owing to 24&#215;7 availability<\/li><li>Simplified and transparent buying<\/li><li>Availability of the vendor rating system<\/li><li>Intuitive dashboard for buying and tracking supplies and payments<\/li><li>Simplified Return policy<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">GeM Benefits for For Sellers<\/h4>\n\n\n\n<ul><li>Seamless access to concerned Government departments.<\/li><li>Marketing expenses are next to negligible.<\/li><li>Availability of bids \/ reverse auctions on services\/products<\/li><li>New product recommendation facility<\/li><li>Competitive pricing<\/li><li>Intuitive dashboard for selling and tracking supplies as well as payments<\/li><li>Simplified purchase procedures<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">TReDS Portal<\/h3>\n\n\n\n<p>TReDS stands for Trade Receivables Discounting\nSystem. It is a web-based platform that enables MSME suppliers to discount\ntheir invoices and bills. The Reserve Bank of India introduced TReDS in the\nyear 2018. This online portal helps MSMEs extinguish financial liabilities\nthrough invoice discounting scheme. This allows MSMEs to maintain consistent\ncapital backup despite compromised cash flow. <\/p>\n\n\n\n<p>The TReDS enables MSME sellers to\ndiscount active invoices and bills against prominent companies, which allows\nthem to administer their working capital demands.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Salient Features of TReDS<\/h4>\n\n\n\n<ul><li>Unified\nplatform for Buyers, Seller, &amp; Financiers<\/li><li>Almost\nnil Paperwork<\/li><li>Seamless\naccess to funding<\/li><li>Prompt\nand secure transact<\/li><li>Lucrative\nDiscount Rates<\/li><li>Seamless\nand secured Data Flow<\/li><li>Standardized\nPractices<\/li><\/ul>\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>Udyam Registration form is a simplified e-application that ensures a seamless enrolment of MSMEs under the <strong>MSME Act, 2006<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Micro,_Small_and_Medium_Enterprises_Development_Act,_2006\"><strong>[1]<\/strong><\/a><\/sup>. It seeks fewer details and zero attachments from the applicants. Once registered, the Udayam Registration holders can access various benefits and schemes released by different government ministries.<\/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\/udyam-aadhaar-certification-key-benefits\/\">Udyam Aadhaar Certification Key Benefits: Explained<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Udyam registration is a voluntary certification scheme that aims to uplift the financially-aggrieved MSME sector. Udyam registration holders can have access to various government-based schemes and benefits. MSME Act, 2006 pens the eligibility criteria for such registration. For the enrolment under Udyam registration, one has to fill out the Udayam Registration form and submit it [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":42804,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[176],"tags":[2308],"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":5487,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/42799"}],"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=42799"}],"version-history":[{"count":15,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/42799\/revisions"}],"predecessor-version":[{"id":42815,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/42799\/revisions\/42815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/42804"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=42799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=42799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=42799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}