Udyog aadhar registration

  Retailers and Wholesalers have been facing the problem of not being able to register under the MSME Scheme as the same has not been permitted since the time MSME Registration was implemented. When MSME Registration was converted into Udyog Aadhar even then the registration of Retailers & Wholesalers was not permitted by the Ministry of MSME. Even though the NIC code list consisted of activities of Retailers & Wholesalers under the broad category of 45, 46 & 47 still their registration was not permitted and the same was mentioned in the Circular issued on 27th June 2017. Further, when Udyam Registration was implemented even then the Ministry of MSME did not allow Retailers and Wholesalers to obtain registration under the MSME scheme and avail benefits granted under it. For long the Retailers & Wholesalers of India have been making continuous representations to the Ministry of MSME and requesting them to be allowed to obtain registration under the MSME Scheme to avail b

When it comes to starting and operating a Micro, Small or Medium Enterprise the government of India through its Ministry of MSME has laid down certain processes to facilitate ease of doing business in India. A major registration process being implemented by all MSMEs in India today is the Udyam Registration or Udyog Aadhar (as it was called previously). We all know that the Ministry of MSME through its notification no. S.O.2119 (E) dated 26 th  June 2020 published in the Official Gazette of India introduced the new and improved system of  Udyam Registration  and has since replaced it with the existing system of Udyog Aadhar Registration. While doing so it laid down some new pre-requisites which are now required by enterprises to obtain their Udyam Registration. These pre-requisites or the required documents to apply for  Udyam Registration  are: 1 A valid Aadhaar Number  of the proprietor / partner / director / trustee or any other representative representing the firm or organization.

  Are you a  MSME  who has been providing goods or services to clients who won't pay on time? Don't worry, you are among a vast majority of MSMEs who are facing similar problems in India currently. The Ministry of MSME through  The Micro, Small and Medium Enterprise Development Act, 2006  has laid down a framework and provision to assist MSMEs with their problem of delayed payments. The Ministry of MSME recognizes that this problem has been causing a hindrance in the growth of MSMEs and moreover the environment it creates is not favorable for business growth in India. The Provision under the Act: The Section 15 to Section 24 of the Micro, Small and Medium Enterpsrise Development Act 2006, lays down a provision of Delayed Payment to Micro and Small Enterprises and required the state governments to establish the  Micro and Small Enterprise Facilitation Council [MSEFC]  for settlement and resolution of disputes arising from non-payment or delayed payment to MSEs. The MSEFC of the

As the title reads, all MSMEs who have successfully obtained their registration under   Udyam Registration   or   Udyog Aadhar Registration   are requested to register under the   Trade Receivables Discounting System   (TReDS) The first question that comes to anyone's mind is what exactly is TReDS? Under this scheme, the MSMEs who have receivables from Corporate buyers, Government departments, Public sector undertakings and other buyers are eligible to obtain finance in lieu of the amount receivable from such buyers. In simple words, this scheme facilitates financing to MSMEs on the basis of their debtors. Due to uncertain market conditions, many times invoices are pending to be paid and due to this delay, many MSMEs lose out on opportunities which might be standing at their doorstep only because of the incapacity to finance their requirements. The government wants to resolve this conflict the MSMEs face and help them grow steadily and in a sustained manner. Another way of looking