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 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

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.

Want to read the latest posts on social media? Then follow us on Facebook, Twitter, and LinkedIn!