Udyog Aadhar detailed inforamtion by Company360.in

The concept of Udyog Aadhar was introduced to simplify the procedural format of registering the under Micro Small Medium Enterprise(MSME). As earlier it was quite elaborate, time consuming and bureaucratic process. Previously, it would require a lot of paper work, But after the introduction of Udyog Aadhar there is no need to file different types of forms.

If you are anyone of a micro, small and medium enterprise then the obtaining cost of the Udyog Aadhar will be totally free of cost and there are many benefits of registering with the Udyog Aadhar such as rebate, subsidies etc.

Now What is Udyog Aadhar?

Udyog Aadhar is basically a Govt Registration provided with a unique number and a recognition certificate to certify any small medium enterprise or business.

The main reason to launch this facility was to provide maximum benefits to the small and medium scale industries directly, who are registered with MSME through their Aadhar Card Number, Aadhar Number is a 12 digit number which is required to be provided by the proprietor, owner or director of the entity be it sole proprietor, LLP, Private limited company etc. to be listed under MSME registration.

Process for Registration in Udyog Aadhar

For the registration process of small and medium scale industry we need to follow step by step the procedure as stated below:-

  1. For registration the owner can follow two modes of filling the single form being an online as well as offline.

  2. If you want to register more than one industry then can do it by filing individual registration.

  3. For the registration you need to fill the single form which is also available at the website, being listed below.

  4. The document which is required for initiation of the registration is the Personal Aadhar number then name of the enterprise followed by
    Address,bank account details.

  5. Once the detail is being uploaded you will get the registration number.

  6. You don’t need to pay any registration fees for this process.

###Benefits of enrolling in Udyog Aadhar :-

  1. Fees reduction for filing of Trademarks and Patents.

  2. Credit Guarantee scheme.

  3. Exemption under direct tax laws.

  4. Excise exemption

  5. Once you have registered your business with MSME, you will be eligible for all government scheme benefits like loan without any
    guarantee , easy loan, loan with low rate of interest.

  6. You will get the financial support to participate in the various foreign expo.

  7. Other Subsidies from State Governments as a form of extended credit facilities, Industrial extension support and services, Assistance in marketing Assistance for construction of industries in underdeveloped areas, Technical consultancy and assistance in capital for the enhancement of technology in MSME’s.

So let us understand in detail who are exactly eligible for this registration, by understanding the basic definition and criteria for SME.