How to Convert Udyog Aadhar to Udyam?

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How to Convert Udyog Aadhar to Udyam?

On August 6th, 2020, the Ministry of Micro, Small and Medium Enterprises (MSME) released a notification in which all the information was included about existing Entrepreneurs Memorandum (EM)/ Udyog Aadhar Memorandum (UAM) and New MSME registration.

As per the notification the existing MSMEs that are registered under the Entrepreneurs Memorandum (EM) or Udyog Aadhar Memorandum (UAM) will be valid till 31st December, 2021 only.

So, now updating your old Udyog Aadhar becomes important to convert to Udyam certificate. The enterprises can convert it by visiting the Udyam Registration Portal. Below is a step-by-step process which can be followed to convert Udyog Aadhar to Udyam Certificate.

Udyog Aadhar Memorandum

Udyog Aadhar Memorandum is a one-page registration process to register as an MSME and it contains information of the applicant which is self-certified such as bank account, promoter details, etc. 

During registration of Udyog Aadhar you will get an option to fill the form of Udyog Aadhar Memorandum. In the form you can fill your personal and professional details. The information filled must be correct and there should be no error in the information, otherwise the form will get rejected. Your filled information will also show on your certificate, so be careful while filling the form.

Why Udyog Aadhar Convert to Udyam Certificate?

There are several reasons which are beneficial for Udyog Aadhar convert to Udyam Certificate.

1. Simple Process: The Udyam MSME certificate registration process is simple and is completely online. So, the applicant does not need to visit the government offices for physical documentation. It makes the process easier and faster to complete.
2. Better Recognition: Udyam provides a proper representation of MSME. So, the consumers will recognise the company’s brand and help to show the business better in the Indian economy.
3. Get Benefits: After the registration of Udyam, the MSME are eligible to access the different benefits such as subsidies and loans, also increasing the visibility in the market. The old MSME registration process is converted into a Udyam process, so without MSME registration, an MSME cannot avail the benefits.
4. Complete Security: Udyam registration process is more transparent and secure, so it reduces the risk of fraud or any misuse of the registration certificate.
5. Proper Data Management: The Udyam system keeps a track of MSME activities, performance which help them maintain the proper data.

So, migration from Udyog Aadhar to Udyam certificate will provide many benefits to MSMEs. Making a switch is an important step to ensure the continued growth of the MSMEs in India.

Important Information Required to Convert

The following documents are important to Convert Udyog Aadhar to MSME Udyam Registration Certificate:

1. The owner’s Aadhar Number and PAN Number.
2. Name of the organization or business.
3. Type of organization.
4. Details of your enterprise (previous registration).
5. National Industrial Classification (NIC) Code.
6. Current activities of your firm.
7. Overall expenditure of the organization.
8. The total number of employees or workers employed at your organization.
9. Email id and mobile number of the entrepreneur.
10. Current address & account details of the owner.

Process to Convert Udyog Aadhar to Udyam Registration

To convert the Udyog to Udyam certificate, the below are the steps which you are required to follow:

Step 1: Visit the official website of Udyog Aadhar Convert to Udyam.

Step 2: Choose the option from the home page “For those already having registration as UAM”. Along with this, different options are available for different companies or enterprises who are already having registration as UAM through assisted filling or Udyam Assist Platform for Informal Micro Enterprises.

Step 3: Fill your Udyog Aadhar Number and choose an option for OTP. First, OTP on Mobile as filled in UAM. Second, OTP on Email as filled in UAM. The main purpose of this is to identify your account and ensure that your information will not get misused.

Once you submit all your details, the system will verify them and if there is no issue in the information your Udyog Aadhar authentication will get successful. Then after a few days, you will get a message to revisit the site for the completion of the process. After completion of the process, you get the Udyam Aadhar Certificate. You can avail the benefits associated with it.

Conclusion

All the businesses who are having Udyog Aadhar should convert it into Udyam Aadhar Certificate. Without completing the migration from Udyog Aadhar to Udyam Certificate, you cannot continue your business services and sell products in India. 

So, follow the process and get the Udyam MSME Certificate as soon as possible. If you find any difficulty in the process, reach out to us and our experts will assist you in MSME Udyam Registration Certificate.

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