In this article, we’ll go over how a trader can apply for an Udyog Aadhar registration online.
Can Udyog Aadhar be applicable for traders?
Trading businesses can apply for MSME registration?
Is It Possible For A Trader To Apply For Udyog Aadhar?
How to get Udyog Aadhar for Traders
We have answered all the above questions regarding udyog aadhar for traders in detail, read further to understand.
Udyog Aadhar for Traders Registration Form
Fill this form to apply for Udyog Aadhar Registration for Traders.
Fill out this udyog aadhar registration form for traders online, and register your wholesale trading business under the ministry of MSME. Make the online payment of Rs 1499, as a service fee, and then your registration will start.
Udyog Aadhar Registration for Traders
The Indian government and the Ministry of Micro, Small and Medium Enterprises offer a twelve-digit unique identity number, ie. Udyog Aadhaar Memorandum Number (UAM).
The Indian central government has recently introduced policies and incentives, including low-interest loans, to help small enterprises (MSME). To give many MSME benefits, the government introduced Udyog Aadhaar Registration.
Udyog Aadhaar registration is for Manufacturing and Service Industries who are eligible and falls under the category of MIcro, Small & Medium Enterprises investment & turnover criteria.
Earlier, these registration processes were known as SSI registration or MSME registration.
But now, as per the latest update from MSME Department, udyog aadhar changed to udyam.
So now any trading business company & firm has to register on the new portal of udyog aadhar.
The current government administration has changed the definition of micro, small, and medium businesses (MSMEs).
Retailers and wholesale dealers will now be granted MSME status, according to the MSME Minister of India.
The ruling will assist the country’s 2.5 million retail and wholesale traders. It implies that they will be given access to the sector’s advantages.
Under the current leadership government dedicated to boosting MSME and transforming them into engines of economic growth.
It will also update standards and will assist 2.5 crore retail and wholesale traders.
Previously, retail and wholesale trading commerce were classed as MSMEs.
However, such operations were removed by the previous government, out of the Micro and Small Medium enterprises category in 2017.
It justified this by claiming that they are neither manufacturing nor service units.
They were unable to receive the Udyog Aadhaar Memorandum as a result of this (which is called MSME registration).
Retail and wholesale trades will now be eligible to register on the Udyog Aadhar/ Udyam Registration Portal, according to amended standards.
As the aadhar of small business, businessmen used to obtain it by whatever means necessary, regardless of whether such registration was truly required for their trading firm.
Udyog Aadhar MSME Registration for Wholesale Retail Traders
As per the notification by MSME department, every trading business firm does not have access to Udyog Aadhar registration.
Only eligible trading businesses that are classed as micro, small, or medium enterprises, depending on the investment & turnover they spend on machinery and plant, are eligible to apply for udyog aadhar.
Since the introduction of Udyog Aadhar, practically every bank and other government department has requested an Udyog Aadhar Memorandum Acknowledgement for business verification.
Every Financial Bank requires MSME / Udyog Aadhar even for opening bank accounts for small proprietary enterprises, without understanding if MSME Udyog Aadhar registration applies to traders or not.
How to Apply for Udyog Aadhar for Traders?
Traders can easily apply for udyog aadhar certificate online just by following 5 steps below.
Step 1: Visit the udyam udyog aadhar registration portal
Step 2: Fill out all the details of your trading business on the udyam udyog aadhar application form.
Step 3: Make the online payment for udyam udyog aadhaar registration service fees.
Step 4: The registration executive will go through all of the information you provided on your application and begin the procedure.
Step 5: Your udyam udyog aadhaar certificate will be delivered to your registered email address.
Note: During the process you have to share the OTP.
How to Qualify a Retail Trading Business as MSME?
Taking into account the government’s amended classification of MSMEs in order to increase trade firms. So these are criteria required for retail businesses.
|Composite Criteria for Trading Businesses|
|Sl.No||Type of Enterprises||Investment in Plant and Machinery or Equipment||Turnover|
|1||Micro enterprises||Less than Rs.1 Crore||Less than Rs.5 Crore|
|2||Small enterprises||Less than Rs.10 Crore||Less than Rs.50 Crore|
|3||Medium enterprises||Less than Rs.50 Crore||Less than Rs.250 Crore|
If your trading business comes under any of the three micro, small, medium enterprise categories, then you are eligible to apply for udyog aadhar.
According to Office Memorandum (OM) No. 5/2(2)/2021-E/P & G/Policy dated July 2, 2021, the Ministry of Micro, Small and Medium Enterprises has decided to include retail and wholesale trade as MSMEs for the limited purpose of Priority Sector Lending, and they will be allowed to register on the Udyog Aadhar (Udyam Registration Portal) for the following NIC Codes and activities:
Udyog Aadhar Trading NIC Code
|NIC Codes||Retail and Wholesale Trade|
|45||Wholesale and retail trade and repair of motor vehicles and motorcycles|
|46||Wholesale trade except for motor vehicles and motorcycles|
|47||Retail trade except for motor vehicles and motorcycles|
Enterprises that have an Udyog Aadhaar Memorandum (UAM) under one of the above three NIC Codes can now migrate to the Udyam Registration Portal or re-register.
Can a Wholesale Traders Apply For Udyog Aadhar?
Yes, wholesale traders can apply for udyog aadhar memorandum, if and only the business falls under the micro, small and medium enterprise category.
What are the Advantages of Udyog Aadhar for Traders?
The registered Udyog Aadhar Traders will receive the following advantages to their businesses.
- Obtaining a tax exemption under the direct tax legislation.
- Provides a credit guarantee programme.
- Registration fees for trademarks and patents are reduced.
- Excise duty exemption.
- International trade opportunity
- Electricity concessions
What are the Fees for Obtaining an Udyog Aadhar?
To take udyog aadhar registration as a trader has to go through a single registration mechanism for micro, small, and medium firms. But on udyamregistrationform.com you have to pay Rs 1499 to apply for udyog aadhar registration.
Is it Mandatory for Udyog Aadhar?
Yes, it is becoming mandatory day by day. As many financial banks and other government departments are seeking for udyog aadhar/ udyam certificate. So get your wholesale or retail trading business registered under the MInistry of MSME department.
What is UAM?
UAM is a one-page registration form (Udyog Aadhar Memorandum) that serves as a self-declaration format for MSMEs. This will help traders, manufacturers or service providers to self-certify their existence, bank account information, Aadhaar information, and other essential data.
What are the Documents Required for Udyog Aadhar for Traders?
Only three documents are required to register your trade firm with the MSME/ Udyog Aadhaar/ Udyam registration site.
Aadhaar Number is a unique identification number issued by the government of India.
PAN (Personal Identification Number)
The phone number associated with your Aadhaar card
If you have these documents, you may register your retail trading company on MSME’s new platform.
Udyog Aadhar for Wholesale & Retail Traders Business
MSME Registration/ Udyam Registration/ Udyog Aadhar for Traders is a straightforward procedure thanks to udyamregistrationform.com. Who will help you register your wholesale and retail trading business successfully on udyog aadhar/ udyam/ MSME portal.
Mumbai, Delhi, Hyderabad, Bangalore, Indore, Chennai, Coimbatore, Kolkata, Karaikudi, and the rest of India are among our service areas.
It’s an online procedure that gives you an Udyog Aadhar Memorandum Certificate Number and allows you to apply for government schemes.