Udyog Aadhar: Over 50,000 SMEs registered

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SME Times News Bureau | 23 Nov, 2015
The newly introduced simplified Aadhaar-based registration system for small industries has been receiving a good response with 53,243 enterprises taking it up so far across the country, an expert said in Kochi.

As of November 20, there was a total of 53,243 registrations with Maharashtra reporting the largest number of entrepreneurs getting themselves registered through Udyog Aadhaar Memorandum (UAM), said P.M. Mathew, the director of Kochi-based Institute of Small Enterprises and Development (ISED).

Notified by the central government on September 18, the UAM is a one-page registration form that can be accessed, filled in, self-certified, and submitted online without the requirement of any other document or payment of fee.

The UAM replaces the filing of Entrepreneur's Memorandum part I and II, and can be done on http://udyogaadhaar.gov.in.

As registration of micro, small and medium enterprises has been simplified, the District Industries Centres (DICs) could now concentrate on development-oriented activities, such as advisory, handholding and information, Mathew said.

"Such initiatives are important for attracting more entrepreneurs to the Aadhaar net and for creating more start-ups in the country."

Mathew said a unique identification number for all MSMEs in the country had been a constant demand of the ISED since 2001.

Incidentally, ISED's 18th annual report is getting released in Mumbai on Thursday, he said.