It is a national initiative to promote entrepreneurship and also encourage them.
The udyam registration portal provides one to access multiple services provided by various agencies through one single window for entrepreneurs like accessing schemes/programs, policy & guidelines of the Government (Central & State), registering online or offline for schemes as well as registering your firm/business/company, etc., filing returns, applying for payments, etc., tracking the application status and ATO (Aaykar Sampark) compliance.
Here are some features:
- It is a one-stop shop for entrepreneurs to access all relevant services provided by the government departments.
- udyam will provide online linkages between Government Departments, their respective Business Facilitators, and Entrepreneurs so that the benefits of various schemes can be disseminated and accessed directly by the target group.
- It provides facilities to access speedily information related to:
- Details of various Schemes/Programmes being undertaken by Central Government Departments & State Governments from time to time for promoting entrepreneurship in the country.
- Guidelines /Procedures/Forms etc., which are required for accessing these Schemes/Programmes; and
- Status of the applications submitted by entrepreneurs for availing these Schemes/Programmes and benefits already received.
- udyam gives a facility to Entrepreneurs to register online or offline as a firm, business, or company with various Government Departments concerned for access to the various Schemes / Programmes offered on this Portal.
- This will increase transparency in business dealings between entrepreneurs and government departments; reduce corruption, delays in implementing programs, etc., improve efficiency and quality of services; generate employment opportunities and enhance financial inclusion.
- It facilitates the collection of data from enterprises by Business Facilitators at periodic intervals such as annual, semi-annual & quarterly basis through mobile applications (Android & iOS) using the geo-tagging features, sampling methodologies, etc.
- It facilitates the collection of data from self-employed persons by Business Facilitators at periodic intervals such as annual, semi-annual & quarterly basis through mobile applications (Android & iOS) using the geo-tagging features, sampling methodologies, etc.
- udyam provides a facility to track the status of your application online and the status of payments made available online for entrepreneurs who have registered with it.
- udyam has an SMS-based facility wherein one can get all information required for you to be notified on your mobile phone about various schemes/programs offered on this portal, or check information about running schemes, benefits provided thereunder (like sanctioned amounts, payments made, etc.)
- udyam has a facility to collect feedback/ complaints about the services provided by government departments and the Business Facilitators appointed by them directly online through this portal.
- udyam will develop a mobile application (Android & iOS) for entrepreneurs for registering themselves as an enterprise or self-employed person and applying online for various schemes/programs offered on the udyam portal, collecting data from enterprises at periodic intervals using the geotagging feature, sampling methodologies, etc. and reporting status of your application among other facilities.
How to use it?
1 Register yourself as A firm, business/company, or self-employed individual.
2 Upload the details of your firm, business/company, etc.
3 Pay fees online for registering yourself as a firm, business/company, or self-employed individual.
4 Track the status of your application online.
5 Access facility to raise complaints on several services available at udyam portal among others.
Features: About Central govt Schemes & State Govt Schemes for Micro Small and Medium Enterprises (MSMEs): Around 40+ central board registered schemes all over India which are providing funds to MSMEs through state governments from time to time. Details about udyam registration for MSMEs all over India: Under Udyam the central government has launched a new scheme “UDYAM”. Various state govt schemes are also available for registered micro small and medium enterprises in the udyam portal to promote entrepreneurship in India details. To know more please read this article carefully or directly visit http://www.e-msme.org/
How to use the udyam portal?
Now click on ‘ New Applicants ‘ and fill this form, pay fees online with a debit/credit card and start using the facility. You will be asked about the details of your enterprise like name, address, telephone number, email id, etc., Source of funds required (Firm capitalization or loan from the bank), sector type, etc., Objectives & area of operation as well as financial information in detail such as what amount of funds are required to start the enterprise, how much amount is required for purchasing equipment/machinery and working capital. You will also be asked about whether you have applied/ availed any financial assistance from government departments or public sector institutions in the last five years, name and details of such enterprises including recognition by state governments, achievements made, etc., This information will be available in detail online through your mobile phone on the udyam portal.
After this process is completed, a unique Enterprise Identification Number(EIN) will be generated for the enterprise linked with an individual account no., issued against it.
Suggested Read- Print Udyam Registration Certificate
Under Udyam, if any enterprise has applied and received the grant or loan for a particular purpose but it is later found that the funds are being used for some other activity without proper approval, then it will be considered as a violation of norms which may lead to cancellation of registration issued under udyam. From now on till December 2018, 8 lakh entrepreneurs across India have registered themselves with udyam and taken benefit under different schemes available in the udyam portal.
