For business owners to operate in the Indian market, they must have a particular sort of registration known as “Udyam Registration,” which is issued by the Indian government.
It is issued by the central government’s Ministry of MSME. The MSME Ministry will be discussed in detail in the following paragraph.
It is the apex governing body of the government of India which has been enacted under the MSME Act, 2006. The headquarter of the MSME ministry is in New Delhi.
According to the government data, we know that the MSME sector has the maximum share or contribution to the Indian GDP so it is clear that in the development of India, the MSME plays a great role and this data is received from the Central Statistics Office or the Ministry of Statistics and PI, respectively.
India’s Micro, Small, and Medium Enterprises are divided into two categories:
- Manufacturing enterprises: Where the enterprises are engaged in manufacturing or production of goods in the firms or companies or enterprises.
- Service enterprises: Where the enterprises are engaged in providing or rendering the services to the consumers informatics commerce.
MSME Criterias for the enterprises :
The prime minister of India headed the Union cabinet meeting on the 1st of June 2020 to revise the MSME definition or criterias. This revised plan was part of the Atmanirbhar Bharat Abhiyan relief package. Here the “investment and turnover” criterias have been changed to a large value, because of these revised criterias a large number of enterprises have been covered under this scheme.
Before introducing this scheme, there were other criterias for the enterprises that were prevalent in India. the Old criterias are mentioned below:
Old MSME criterias
For the manufacturing sector :
Micro enterprises: investment in plants and machinery should not exceed Rs 25 L.
Small enterprises: the investment is between Rs 25 L and Rs 5 cr.
Medium enterprises: the investment range is between Rs 5 cr and Rs 10 cr.
For the Service sector :
Micro businesses should invest less than Rs 10 lakh in equipment.
Small businesses: investment ranges from Rs 10 lakh to Rs 2 crore in this service industry.
Medium-sized businesses should invest between Rs 2 crore and Rs 5 crore.
Updated MSME criterias :
For the micro-enterprises :
Investment – below Rs 1 cr,
Turnover – below Rs 5 cr.
Small businesses must invest less than Rs 10 crore and have a turnover of less than Rs 50 crore.
Medium-sized businesses must invest Rs 50 crore and generate Rs 250 crore in revenue.
These are the updated criterias for the enterprises which have been revised under the Atma Nirbhar Bharat Package.
The function of MSME :
The main function of the MSME is to frame the rules and regulations for small-scale businesses and to administer the registered enterprises. This MSME ministry gives support to businesses by providing several benefits and aids.
Its key function is to register the small-scale companies or businesses under the MSMED and provide the Udyog Aadhar registration to the company’s owner so that they can avail the of government aid or support and the schemes launched by the government.
Now we come to the main topic: how can I find my Udyog Adhar?
In this blog, we will explain in detail. So for this purpose, you have to follow the steps which are given below :
How can I find the Udyog Aadhar :
Step 1: Click on the official online website, “udyam registration portal”
Step 2: Fill out the online form by providing the details like Aadhar number, Applicant name, Name of enterprise, Mobile number, valid email ID, etc,
step 3: Choose the OTP option like Email or mobile number
Step 4: Fill in the mobile number where you want to receive the OTP.
Step 5: When you click on the “validate and generate OTP ” button, you will get OTP on the option which you have selected.
Step 6: Now enter the OTP and tap on the “validate OTP” button. when the given OTP is successfully matched then you finally Get your UAM on your registered email ID.
Here In this blog, we have provided the process by which the users can find their udyog Aadhar easily and can avail the benefits under this scheme.