If your business was earlier registered under the Udyog Aadhar Memorandum (UAM) before 30th June 2020, it's time to re-register under the new Udyam Registration system. This step is essential to continue enjoying the various benefits provided by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India.
On 1st July 2020, the Ministry of MSME introduced a new classification system for enterprises based on a composite criterion of investment and turnover. As per the official notification dated 26th June 2020, all MSMEs registered under UAM must migrate to the new Udyam Registration portal to stay eligible for government benefits.
The Udyog Aadhar Memorandum (UAM) registrations were valid only up to 30th June 2022. Post this date, businesses that have not migrated to the new system may lose access to MSME schemes, incentives, and protections.
Udyam Registration enables MSMEs to avail benefits under various schemes offered by the Ministry of MSME, such as the Credit Guarantee Scheme, Public Procurement Policy, preference in Government Tenders, and protection against delayed payments, among others.
However, if an enterprise fails to update the required information on the Udyam Registration portal within the stipulated time as prescribed by the Government, it may face suspension of its MSME status. This provision is by the notification issued by the Ministry of MSME dated 26th June 2020.
Re-registering for Udyam is straightforward. You only need your Aadhar Number, and the whole process is quick and smooth
The Government of India, through the Ministry of MSME, announced on 26th June 2020 that from 1st July 2020, businesses will be classified as Micro, Small, or Medium Enterprises based on how much they invest and how much they earn (turnover).
If you need help with udyam re-registration, just fill out the enquiry form on msmeregistrar.org. You can also email your contact details, and our team will call you back to guide you through the process
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Lokesh Rawat, From Madhya Pradesh
Recently applied Udyam Certificate