Udyog Aadhaar registration was the original process for MSMEs registration but now, it has been replaced by Udyam Registration. The new registration process is easier than the previous one. Let’s understand the differences between Udyam Registration and Udyam Aadhaar in simple words:-
What is Udyog Aadhaar?
The Indian Government introduced udyog aadhaar in 2015 as a simple process to register MSME, after Udyog Aadhaar registration, MSMEs could have access various benefits like subsidies in government schemes. Rebate from central and state government. The objective to introduce Udyog Aadhaar was to make smother udyam registration process. It also provides MSME a unique 12 digit Number as Identity which is similar to Aadhaar number. However, in 2020, the government replaced Udyog Aadhaar to Udyam Registration.
What is Udyam Registration?
Udyam Registration launched in July 2020 as the improved version of Udyog Aadhaar. It aimed to make the registration process even simpler and clearer for MSMEs. Udyam Registration is completely online, paperless, and requires minimal documentation. The process is also free, means there is no fees required to register as an MSME. After registering with Udyam, MSMEs receive an MSME certificate in their resisted email. This certificate includes a QR code for verification and access to MSME details.
Difference between Udyog Aadhaar and Udyam Registration The following table highlights key differences between the two:
Parameter | Udyog Aadhaar | Udyam Registration |
Registration Process | The Udyog Aadhaar registration process was simple but required submitting a lot of information. | Udyam Registration only needs basic details like Aadhaar since it is based on self-declaration. |
Mode of Registration | Udyog Aadhaar registration could be done online or offline | Udyam registration is entirely online and paperless. |
Documentation | Udyog Aadhaar required extensive documentation. | Only the Aadhaar number is needed for Udyam registration. PAN and GST details on investment and turnover come directly from government databases. |
Validity and Re-registration | MSMEs with Udyog Aadhaar must re-register with Udyam. | Udyam registration is free and permanent, with no need for renewal after issuance. |
Comments