MSME Ministry seeks views on Udyog Adhaar Card
Updated: Jun 26, 2015 04:06:01pm
New Delhi, June 26 (KNN) With the view to encourage MSMEs register themselves through a single window clearance system, Ministry of micro, small and medium enterprises (MSME) has sought comments and views from the stakeholders on the ‘Udyog Aadhaar Form’.
The Ministry has uploaded the form on the social network sites. “This form will be integrated on e-Biz portal for all other services,” Ministry tweeted.
Based on the recommendations made by the Kamath Committee on financial architecture of MSME sector, the MSME Ministry has taken initiative to develop one page simplified registration form ‘Udyog Adhaar’ under which MSMEs will self-certify its existence, bank account, business activity details, employment and ownership details and other basic information.
The move aim at doing away with the lengthy registration processes and promote single window clearance. Through the Udhyod Adhaar Form, even the multiple enterprises can be registered by using Aadhaar Identity as Enterprise 1,2 and more.
MSMED Act 2006 prescribes for filing of Entrepreneur Memorandum-I and II for all enterprises. “This process has been made voluntary and entrepreneurs find difficulty in filing them in the absence of proper ecosystem in District Industry Centres (DICs). The manual procedure is ridden with several challenges and is not considered investor friendly,” MSME Ministry said in a letter to the Chief Secretaries of all states.
The Ministry said that on account of the cumbersome procedure and since filing of EM is not mandatory, many MSMEs have not registered themselves and are outside the scope of services offered by the Government.
MSME Ministry has developed a web portal for online filing of the EM I & II with the view to make the process of filing the forms simpler for the applicant and also make it available 24X7 through anytime anywhere registration.
This is a new policy of the MSME Ministry as a part of ease of doing business to encourage registration of MSMEs, the Ministry said. Currently this portal has been adopted by 14 states/UTs whereas 47884 EM I and 12333 EM II applications have been filed online.
The adoption of the online system has encouraged high rate of EM registration and has enabled more MSMEs to avail benefit from various schemes, the Ministry pointed. (KNN Bureau)
The Ministry has uploaded the form on the social network sites. “This form will be integrated on e-Biz portal for all other services,” Ministry tweeted.
Based on the recommendations made by the Kamath Committee on financial architecture of MSME sector, the MSME Ministry has taken initiative to develop one page simplified registration form ‘Udyog Adhaar’ under which MSMEs will self-certify its existence, bank account, business activity details, employment and ownership details and other basic information.
The move aim at doing away with the lengthy registration processes and promote single window clearance. Through the Udhyod Adhaar Form, even the multiple enterprises can be registered by using Aadhaar Identity as Enterprise 1,2 and more.
MSMED Act 2006 prescribes for filing of Entrepreneur Memorandum-I and II for all enterprises. “This process has been made voluntary and entrepreneurs find difficulty in filing them in the absence of proper ecosystem in District Industry Centres (DICs). The manual procedure is ridden with several challenges and is not considered investor friendly,” MSME Ministry said in a letter to the Chief Secretaries of all states.
The Ministry said that on account of the cumbersome procedure and since filing of EM is not mandatory, many MSMEs have not registered themselves and are outside the scope of services offered by the Government.
MSME Ministry has developed a web portal for online filing of the EM I & II with the view to make the process of filing the forms simpler for the applicant and also make it available 24X7 through anytime anywhere registration.
This is a new policy of the MSME Ministry as a part of ease of doing business to encourage registration of MSMEs, the Ministry said. Currently this portal has been adopted by 14 states/UTs whereas 47884 EM I and 12333 EM II applications have been filed online.
The adoption of the online system has encouraged high rate of EM registration and has enabled more MSMEs to avail benefit from various schemes, the Ministry pointed. (KNN Bureau)
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