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What is Udyog Aadhaar Card ?

Linu
Answered on August 16,2019

Udyog Aadhar is a 12-digit registration number issued by Ministry of MSME (Micro, Small & Medium Enterprises). Udyog Aadhar registration is applicable to existing MSMEs that are engaged in Manufacturing or Service activities.

Raju
Answered on August 16,2019

If you own a medium, small or micro enterprise and you haven’t registered your MSME yet, you should know that on registering your MSME via UAM (Udyog Aadhar Memorandum), you will be able to enjoy numerous benefits.

Udyog Aadhar is a government registration that is provided along with a recognition certificate and a unique number in order to certify small/medium businesses or enterprises.

The central motive behind the launch of this facility was to offer a way to the government to provide the maximum benefits to medium or small-scale businesses or industries in India, who are registered via MSME through their Aadhar Card Number.

Benefits under Udyog Aadhar Card is provided below.

Excise exemption
The exemption under the direct tax laws
Reduction in fee for filing patents and trademarks
Credit guarantee scheme
After getting registered with MSME, your business will get eligible for availing government scheme benefits which will include loans without guarantee, low-interest rates on loan, and easy loan.
You will have financial backing from the government for participating in foreign business expos.
You will also get to enjoy other forms of subsidies that will help you in increasing your company’s revenue.
Great concession in electricity bills
You will get an exemption when your enterprise applies for government tenders.

Manish
Answered on August 16,2019

Udyog Aadhar is an identity card for Micro, small and medium enterprises. It can be used as an identity proof for your business for opening a bank account, getting VAT or service tax registration, others.

Udyog Aadhaar (UA) is for existing businesses.

The information sought is on self-certification basis and no supporting documents are required at the time of online registration

The process of obtaining Udyog Aadhaar Number is free-of cost, paper-less and results in instant registration.

Cavin
Answered on August 16,2019

Udyog Aadhaar Memorandum is the registration form wherein the MSME certifies its existence, and provides mandatory information such as owner’s Aadhar details, bank account details etc.

After submitting this form, an acknowledgment form is released to the registered email of the applicant containing the unique UAN (Udyog Aadhaar Number).

Benefits:

After registering their MSME, the applicant will receive the benefits of all the government schemes such as an easy loan, loan without guarantee, loans with subsidized rates of interest etc.
The applicant will receive financial support for participating in foreign expos to showcase their products.
The applicant will also be eligible for government subsidies.
Registration would facilitate 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.

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