Udyog Aadhaar was an online registration process launched by the Ministry of Micro, Small and Medium Enterprises (MSME) in 2015 to simplify the registration process for small and medium-sized enterprises (SMEs) in India. It provided a unique identification number called the Udyog Aadhaar Number (UAN) to eligible businesses.
However, in 2020, the government of India replaced the Udyog Aadhaar registration process with a new registration process called Udyam Registration. The Udyam Registration process is more streamlined and user-friendly than the Udyog Aadhaar registration process.
Under the Udyam Registration process, businesses can register themselves on the Udyam Registration portal using their Aadhaar number and other details. The registration process is entirely online and free of cost. After registration, businesses receive a unique identification number called the Udyam Registration Number (URN).
One of the significant changes introduced by the Udyam Registration process is the introduction of the classification of MSMEs based on their turnover and investment in plant and machinery. The previous classification was based only on the investment in plant and machinery. The new classification aims to provide more significant benefits to smaller businesses and encourage them to grow.
In summary, Udyam Registration replaced the Udyog Aadhaar registration process to simplify the registration process for MSMEs in India and introduce a more user-friendly and inclusive classification system for MSMEs.
How to Upgrade from Udyam Registration to Udyog Aadhar
It is not possible to upgrade from Udyam Registration to Udyog Aadhaar as the Udyam Registration process has replaced the Udyog Aadhaar registration process. The Udyam Registration is the new and only registration process for MSMEs in India.
If you have already registered your business under the Udyam Registration process, you do not need to apply for Udyog Aadhaar as Udyam Registration provides all the benefits and privileges that were available under the Udyog Aadhaar registration.
However, if you have registered your business under the Udyog Aadhaar registration process before the introduction of the Udyam Registration process, your registration is still valid, and you do not need to upgrade to Udyam Registration. You can continue to use your Udyog Aadhaar Number (UAN) for all your MSME-related activities.
In summary, if you have registered your business under the Udyam Registration process, there is no need to upgrade to Udyog Aadhaar. If you have already registered under Udyog Aadhaar, you do not need to upgrade to Udyam Registration, and your registration is still valid.
Is my UDYAM REGISTRATION complete if I do this?
It depends on what steps you have already taken towards completing your Udyam Registration process. To complete the Udyam Registration process, you need to follow these steps:
- Visit the official Udyam Registration portal.
- Provide your Aadhaar number and other required details to create a new registration.
- Verify your Aadhaar number through OTP verification.
- Enter your business details, such as the name of the enterprise, PAN number, and other required information.
- Provide your bank account details and upload the necessary documents, such as a PAN card, GST registration certificate, and other supporting documents.
- Review the information provided and submit the registration application.
If you have completed all these steps and received a confirmation of successful registration, then your Udyam Registration process is complete. You should receive your Udyam Registration Number (URN), which serves as proof of your registration.
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