Get In Touch
Dec2024 104x80.jpg
Current Issue
section
logo

Udyog Aadhaar Memorandum crosses 1 lakh registrations

By Niranjan Mudholkar,

Added 21 December 2015

Path breaking step to promote ease-of-doing-business for MSMEs in India

The Ministry of Micro, Small and Medium Enterprises had notified that every MSME unit shall file Udyog Aadhaar Memorandum (UAM) (in September 18, 2015 under the MSME Development Act, 2006).

The UAM has emerged from the vision of Prime Minister Modi shared with the Nation through "Mann Ki Baat" telecast on 03-10-2014 and the recommendations for Universalization of Registration in the Report of the Kamath Committee on Financial Architecture of MSME sector.

Wide-ranging consultation exercise has been done in the matter in the National Board of MSMEs and the Advisory Committee for MSME Act. It is expected that this simplified one-page memorandum to be filed online shall unlock the potential of MSMEs, besides improving our international ranking in Doing Business Index. Within a short time of three months, more than  100,368 UAMs have been filed in the country.

UAM is a path breaking step to promote ease-of-doing-business for MSMEs in India as the UAM replaces the filing of Entrepreneurs' Memorandum (EM part-I & II) with the respective States/UTs.

While some of the States/UTs had made the process online, either by themselves or through the portal created by this Ministry, several States/ UTs were still relying on the manual way of filing EM.