MSME Registration Udyog Aadhar Registration more popularly referred to as Udyog Aadhar registration, Udyog Aadhaar is a twelve-digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises in India they can also register as a private limited company. It is also known as Aadhaar for Business.
CLASSIFICATION FOR MSME REGISTRATION UDYOG AADHAR REGISTRATION, UDYOG AADHAR REGISTRATION
| MICRO in Udyog Aadhar | SMALL in Udyog Aadhar | MEDIUM Udyog Aadhar | |
| Manufacturing Business | Rs 2,500,000 | Less than Rs 50,000,000 | Less than Rs 100,000,000 |
| Service Business | Less than Rs 10,00,000 | Less than Rs 20,000,000 | Less than Rs 50,000,000 |
DOCUMENTS REQUIRED FOR MSME REGISTRATION UDYOG AADHAR REGISTRATION
Below, you will find the details and documents that you will require for completing the registration process in order to obtain Udyog Aadhar for your enterprise.
- Name and Aadhar number of the business owner (as mentioned in the Aadhar card)
- Document required as proof for SC, ST and OBC social category
- Name of your organization or enterprise
- Previous registration details of your enterprise
- Type of organization that you own
- Current address and account details
- NIC Code or National Industrial Classification Code
- The total number of workers employed at your organization
- Current activities of your firm
- Email ID and mobile number of the entrepreneur
- PAN number and the total investment made in the organization by the entrepreneur
BENEFITS OF MSME REGISTRATION UDYOG AADHAR REGISTRATION, UDYOG AADHAR
Udyog Aadhaar registration will facilitate the enterprises to avail many schemes/programs launched by State and Central.
- After obtaining Udyog Aadhaar registration, the applicant will get the advantages of all the government schemes such as loans with subsidised rates of interest or loans without guarantee etc.
- Concession in the electricity bills
- Easy and cheaper bank loans
- Eligibility to receive government subsidies
- Financial assistance for participating in international expos to exhibit their products/services.
- Increased chances of winning government tenders
- Industrial promotion subsidy
- It would also enable enterprises to apply for government micro business loans and other similar beneficial schemes/benefits.
- Reduction in fee for filing patents and trademark registration to get protection under the rights of intellectual properties.
- Reduction in the rate of interest by major banks
- Refrain from asking for security deposits
- Registration would expedite the hassle-free opening of a current bank account in the business name.
- Reimbursement under the bar code registration
- Reservation benefits
- Stamp duty and registration charges are waived off