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61% of business unit holders registered with Udyam

Earlier, Kashmir Small Scale Industrial Association (KSSIA) had demanded extension in the time for the registration process, citing uncertainty over the completion of the process by thousands of enterprises by 31st March 2021.

Post by on Thursday, March 4, 2021

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Mir Baseerat

Srinagar, Mar 04: Only about 61 percent of the business unit holders in Kashmir Valley have registered on the Udyam portal till now.

Talking to Rising Kashmir, Assistant Director Industries and Commerce, Arjumand Beigh said that there are 19,119 units in Kashmir, out of which 9871 are functional. “Till now, 6059 units have registered themselves on Udyam, that is 61.38%,” Arjumand said.

Earlier, Kashmir Small Scale Industrial Association (KSSIA) had demanded extension in the time for the registration process, citing uncertainty over the completion of the process by thousands of enterprises by 31st March 2021.

However, Director Industries and Commerce Kashmir, Nazim Zai Khan said that there was no deadline for the Udyam registration and that the registrations could be done till 2025. He, however, said that the Udyog Aadhar Entrepreneurs Memoranda that were used as proof by the MSMEs until recently, would become invalid from March 31, 2021.

“There is no specific deadline for Udyam registration. It can be done till 2025 and there is no pressure on the industrialists to get it done by 31st March 2021,” he said.

Nazim Zai added: “However, the Udyam certificates will be the only valid proof for MSMEs from April 1, 2021.”

In June last year, the Government of India had notified all the industrialists to register online with the Udyam registration portal, which became operational in July 2020.

Arjumand Beigh said that the Udyam registration is the government's “Single Window Systems,” and that no other private online or offline system, service, agency or person is authorized or entitled to do MSME (Udyam) registration or undertake any of the activity related to the process. She said that the registration can be done by the individual themselves and that no departmental intervention is involved.

“It can be done using the Aadhaar number of an individual as the website is well-integrated with the Income Tax and GST database. The details fed in can also be checked upon using PAN and GSTIN details,” she added. 

“Enterprises can be classified as micro, small or medium enterprises. There are 9,238 Micro, 665 Small and 92 Medium enterprises in Kashmir,” Arjumand said.

Arjumand further said that various other schemes were in offing for the entrepreneurs “which have been announced but not notified as of now.

“For example, a new land allotment policy has been approved by the government which focuses on the allotment of land to industrial entrepreneurs. This allotment policy has been announced but has not been notified till now,” she said.

 


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