The concept of Udyog Aadhar was introduced to simplify the procedural format of registering the under Micro Small Medium Enterprise(MSME). As earlier it was quite elaborate, time consuming and bureaucratic process. Previously, it would require a lot of paper work, But after the introduction of Udyog Aadhar there is no need to file different types of forms.
If you are anyone of a micro, small and medium enterprise then the obtaining cost of the Udyog Aadhar will be totally free of cost and there are many benefits of registering with the Udyog Aadhar such as rebate, subsidies etc.
Now What is Udyog Aadhar?
Udyog Aadhar is basically a Govt Registration provided with a unique number and a recognition certificate to certify any small medium enterprise or business.
The main reason to launch this facility was to provide maximum benefits to the small and medium scale industries directly, who are registered with MSME through their Aadhar Card Number, Aadhar Number is a 12 digit number which is required to be provided by the proprietor, owner or director of the entity be it sole proprietor, LLP, Private limited company etc. to be listed under MSME registration.
Process for Registration in Udyog Aadhar
For the registration process of small and medium scale industry we need to follow step by step the procedure as stated below:-
For registration the owner can follow two modes of filling the single form being an online as well as offline.
If you want to register more than one industry then can do it by filing individual registration.
For the registration you need to fill the single form which is also available at the website, being listed below. http://udyogaadhaar.gov.in/UA/UAM_Registration.aspx
The document which is required for initiation of the registration is the Personal Aadhar number then name of the enterprise followed by Address,bank account details.
Once the detail is being uploaded you will get the registration number.
You don’t need to pay any registration fees for this process.
Benefits of enrolling in Udyog Aadhar :-
Fees reduction for filing of Trademarks and Patents.
Credit Guarantee scheme.
Exemption under direct tax laws.
Once you have registered your business with MSME, you will be eligible for all government scheme benefits like loan without any guarantee , easy loan, loan with low rate of interest.
You will get the financial support to participate in the various foreign expo.
Other Subsidies from State Governments as a form of extended credit facilities, Industrial extension support and services, Assistance in marketing Assistance for construction of industries in underdeveloped areas, Technical consultancy and assistance in capital for the enhancement of technology in MSME’s.
So let us understand in detail who are exactly eligible for this registration, by understanding the basic definition and criteria for SME.
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What is SME?
The Small and medium enterprises are those businesses that maintain the revenue, assets below a certain threshold. Every country and economic organization has its own definition of what is to be considered as a small and medium-sized enterprise depending upon their socio-economic structure.
Small and Medium enterprises represents to be a strong backbone of economy and innovation. Although, they have to struggle to attract the capital for funding their endeavors and also for their survival, nowadays various national governments and world organizations are advocating to implement the business and education programs for the SMEs to access the loans and government incentives. One such step is easy recognition through udyog adhaar as discussed above.
Small and Medium Enterprises (MSME) are classified in two Classes:
Manufacturing Enterprises- The manufacturing enterprises are engaged in the manufacture or production process of goods relating to any of the industry specified in the first schedule to the industries Development and regulation Act, 1951(IDRA) or employing any plant and machinery in the process of the value addition to the final product having a distinct name and characteristics of use The Manufacturing Enterprise are defined in terms of investment in Plant & Machinery.
Service Enterprises:- The enterprises engaged in providing services defined in terms of investment in equipment.
|Enterprises||Investment in plant & machinery|
|Small Enterprises||More than twenty five lakh rupees but does not exceed five crore rupees|
|Medium Enterprises||More than five crore rupees but does not exceed ten crore rupees|
|Enterprises||Investment in Equipments|
|Small Enterprises||More than ten lakh rupees but does not exceed two crore rupees|
|Medium Enterprises||More than two crore rupees but does not exceed five core rupees|
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