UdyogAadhar
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 UdyogAadhar:
UdyogAadhar 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.
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Classification
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Manufacturing Sector
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Service Sector
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Micro Business
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UptoRs. 25 lakhs investment in plant & machinery
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UptoRs. 10 lakhs investment in equipment
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Small Business
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Upto Rs.5 crore investment in plant & machinery
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Upto Rs.2 crores investment in equipment
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Medium Business
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Upto Rs.10 crore investment in plant & machinery
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Upto Rs.5 crores investment in equipment
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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.
There is a huge difference between UdyogAadhar registration And Company registration. As UdyogAadhar 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. UdyogAadhar comes under Ministry of Micro, Small and Medium Enterprises and Company Registration come under Ministry Of Corporate Affairs. UdyogAadhar Registration is governed by MSME act, 2006 and Company Registration is governed by the companies act, 2018.
You can start Any Manufacturing and service related business under UdyogAadhar. There is No Foundation related to the type of business. The business should be Legal and not illegal.
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.
Yes, when you are registering for UdyogAadhar in India, you need to fill in bank details while you are providing details in UdyogAadhar Form. you need to enter the bank account number and IFSC code of the bank.
Process:
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