What is Udyog Aadhaar and why SMEs should register?

After years of delay, the government seems to be taking a few long term steps to ensure growth in the MSME sector. Udyog AADHAAR, as the name suggests, is an initiative by government to give certain benefits to Small, Medium, and micro-enterprises. The government of India has long recognized that MSMEs are the backbone of the nation’s economy. Udyog Aadhaar is the first step to provide the MSMEs with the support they have been seeking from the government.

What is Udyog Aadhaar?

MSMEs were always expected to register their business with the government as a Micro Small Medium Enterprise. This registration process was very tedious. The process for registering under Udyog Aadhaar is much simpler. This process will provide the government with essential data that will influence their policy with regards to MSMEs. Hence, it is important to register with Udyog Aadhaar and ensure that the concerns of MSMEs are addressed by the government.

Are you eligible for Udyog Aadhaar?

Yes. Its the simplest answer. All medium and small enterprises can register themselves with Udyog AADHAAR. This includes Hindu Family Undivided Proprietorship, Proprietorship, Limited Liability Partnership, Private Limited Company, Co-operative Societies. All enterprises defined in the MSME Act of 2006 are eligible for Udyog AADHAAR.

How to register?

The process of registration is very simple. You just have to click on the link below and follow the steps mentioned. Click here

A few key highlights:

It is important to have an Aadhaar card to register, however, proprietors without Aadhaar card can also register by filing a UAM with the GM of the local District Industries Centre.

The Benefits of Udyog AADHAAR to MSMEs

Those having a Udyog AADHAAR card are eligible for many benefits.

  • You immediately become eligible for government schemes. This includes low-interest loans and access to quick credit.
  • Certain exemptions such as excise exemptions and direct tax exemptions.
  • Reduction in fee in for filing patents and copyrights.
  • Concession on electricity bills.
  • Exemptions to apply for government tenders.
  • Financial backing from the government to attend foreign expos.
  • Certain special subsidies given by the government will help you increase your revenue.

Don’t miss out this generous and timely support that government is giving MSMEs. There is absolutely no excuse for not registering your business with Udyog Aadhaar. This simple government compliance could open the doors to growth for you and your company.

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