Udyog Aadhar

Overview

Udyog Aadhar is nothing but a government registration that is provided along with a recognition certificate and a unique number in order to confirm small/medium businesses or enterprises. The central motive behind the launch of this facility was to bid away to the government to provide the maximum profit to medium or small-scale businesses or industries in India, who are registered via MSME through their Aadhar Card Number.

Benefits of Udyog Aadhar:

Udyog Aadhar registration is given free of cost by the Government and its simple and easy to receive online. After receivingUdyogAadhar, a business can enjoy the following benefits:

The applicant will get financial support for participating in foreign expos to showcase their products.
The applicant will also be eligible for government subsidies.
Registration would facilitate the hassle-free opening of current bank accounts in the name of the business.
It would also allow businesses to apply for government micro business loans and other such related beneficial schemes.

UdyogAadhar Eligibility

Not all businesses can getUdyogAadhar registration. Only those entity that could be classified as a micro, small or medium business as per the table below based on investment in plant and machinery is applicable for UdyogAadhar.

Classification

Manufacturing Sector

Service Sector

Micro Business

UptoRs. 25 lakhs investment in plant & machinery

UptoRs. 10 lakhs investment in equipment

Small Business

Upto Rs.5 crore investment in plant & machinery

Upto Rs.2 crores investment in equipment

Medium Business

Upto Rs.10 crore investment in plant & machinery

Upto Rs.5 crores investment in equipment

Any service business having an investment in equipment of more than Rs.5 crores or a manufacturing business having an investment in plant & machinery of more than Rs.10 crores would not be applicable for receiving UdyogAadhar registration.

Procedure

Fix the Appointment→Visit→Collect Require Documents→Make Draft→Verification→Notaries in front of authority.

Required Documents

Name and Aadhar number of the business owner (as mentioned in the Aadhar card)
Document required as a 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

Frequently Asked Questions

Is Company Registration And Udyog Aadhar Registration Both Are Same?

There is a huge difference between Udyog Aadhar registration And Company registration. As Udyog Aadhar is concerned with Micro, small and Medium enterprises that are the small and medium business organization that are categorized or defined in terms of their investment in plant, equipment, and machinery. Company registration is concerned with the registration of a business entity such as Private Limited company, Limited Liability Partnership, Partnership and One Person Company etc. Udyog Aadhar comes under Ministry of Micro, Small and Medium Enterprises and Company Registration come under Ministry Of Corporate Affairs. Udyog Aadhar Registration is governed by MSME act, 2006 and Company Registration is governed by the

Is Company Registration And Udyog Aadhar Registration Both Are Same?

Is Udyog Aadhaar And Shop ACT License Both Are Same?

No. Shop act License is a permit that is issued by the state government where the business is situated. It is mandatory to get shop act license within 30 days of commencing business.

Is Bank Account Needed For Udyog Aadhaar Registration?

Yes, when you are registering for Udyog Aadhar in India, you need to fill in bank details while you are providing details in Udyog Aadhar Form. you need to enter the bank account number and IFSC code of the bank.