Udyog Aadhar is a 12-digit government identification number provided by the Ministry of MSME to the Small and medium enterprises when they register themselves. Unlike other entities, a sole proprietor does not have official recognition of the business. So, Udyog Aadhar registration is highly advisable to them since it provides them an official recognition from the government of India. It validates their existence as well. Nevertheless, other business entities can also register themselves and avail Udyog Aadhar benefits.

How Udyog Aadhar Registration Can Be Cancelled In 4 Steps?

Let’s take a look at the benefits of registration.

Udyog Aadhar Benefits

Given below is the list of advantages that an enterprise will get after Udyog Aadhar registration:

  1. It protects against delay in payments.
  2. Collateral-free business loans
  3. A fast solution to various disputes
  4. Octroi tax benefits
  5. Stamp duty & registration fees waiver
  6. Eligibility for IPS subsidy
  7. Subsidy on barcode registration
  8. Excise exemption scheme
  9. NSIC Performance and Credit Rating subsidy
  10. Lower business loan interest rates
  11. Exemption on interest on overdraft
  12. Electricity bill concession
  13. Numerous exemption under Direct Tax Laws
  14. Counter guarantee through CGSTI
  15. Exemptions when applying for government tenders
  16. Consideration while taking part in the international trade fair
  17. Subsidy for technology upgradation under CLSS scheme
  18. Increasing eligible loan limit
  19. Raising the guarantee cover extent, from 75% to 80%
  20. Payment reimbursement for getting ISO certification
  21. Subsidy on patent registration
  22. Preference during the allocation of government tenders
  23. Easier registration
  24. Easier approvals when obtaining licenses
  25. Reservation of the products for manufacturing by MSME
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Udyog Aadhar Registration: How to Do It Online & What are its Benefits?

The above mentioned are some benefits of registration with Aadhar for business. Apart from these benefits, when a new government scheme is introduced, the registered business gets the same benefits as well.

An enterprise can register itself very easily. The steps are very straightforward. For the registration, the enterprise does not need to get any form attested by a professional. Also, the Indian government does not charge registration fees for it. And the registration can be done online as well as offline.

Frequently Asked Questions

Who is eligible for Udyog Aadhar?

Every type of business entity including one-man company, proprietorship, partnership firm, manufacturer, producer, limited company, private limited company, limited liability partnership firm, co-operative societies, etc. are eligible for Udyog Aadhar registration.

What is difference between MSME and Udyog aadhar?

MSME registration and Udyog Aadhar Registration both are similar but different. Udyog Aadhar is just an easy way of acquiring MSME registration. Udyog Aadhar Registration is an online method by which an MSME can get the 12-digit Udyog Aadhar Number. And, later go for MSME registration.

What is 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, beginning in September 2015. It is also known as Aadhaar for Business.

Is Udyog Aadhaar compulsory?

Having Aadhaar Number is not mandatory for registering an MSME under Udyog Aadhaar.

Can I open current account with Udyog aadhar?

The Udyog Aadhar can be used to get current Bank Account. Udyog Aadhar is treated as a Business registration certificate for Micro, Small and Medium Enterprises. The Small and Medium firm Who have Udyog Aadhar registration can apply for current Bank account.

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