Udyog Aadhar Registration in India:
Under the Udyog Aadhar Registration any small or medium company receives a unique 12-digit registration number from the Ministry of Micro, Small and Medium Enterprises. It came into effect on September 18th, 2015 and the applicant entity receives a Udyog Aadhar Memorandum (UAM) after the competition of the registration process. It has simplified the application and documentation process for the MSME Registration in India.
Features of Udyog Aadhar Registration in India:
The salient features of having a Udyog Aadhar Registration in India are-
- There is no fee for filing for the registration.
- The whole process is online and no personal physical appearance at the registration office is required.
- With the same AADHAAR Card Number, one can file for more than one Udyog Aadhar Registration.
- By providing the details of the enterprise in a self-declaration, the Udyog Aadhar Memorandum (UAM) can be filed.
- The details and the registration number are sent to the applicant through email, once the registration form is filled and uploaded.
- Personal AADHAAR Number, address, industry name, bank details of the applicant and other necessary information are required to file the Udyog Aadhar Registration form.
Advantages of Udyog Aadhar Registration in India:
A company or business enjoys multiple or large number of benefits from the Ministry of Micro, Small and Medium Enterprises, once it gets the Udyog Aadhar Registration. These benefits are-
- The business gets entitled to avail the subsidies offered by the government that can help the business in increasing its revenue.
- They get exemption in excise duty.
- Under the direct taxation laws, they are provided with certain types of exemptions.
- They can take the benefits of the Credit Guarantee Scheme.
- Udyog Aadhar Registration also provides with great electricity bill concessions.
- It makes an entity eligible for availing various schemes by government such as easy low interest rates on loans, different types of business loans in India and loans without guarantee.
- Whenever an enterprise applies for the government tenders, they get exemptions there as well.
- A financial backing is provided by the government to the organizations having Udyog Aadhar Registration, whenever they will participate in any foreign business expos.
Procedure for getting Udyog Aadhar Registration:
There is a very simple guide on the process for Udyog Aadhar Registration in India. A business organization has to follow these simple steps for the same-
- Visit the official website Udyog Aadhar Registration portal to get your enterprise registered.
- Next, the applicant has to fill in the personal information like his/ her name and AADHAAR Card Number. One has to validate the information and verify the registered mobile number with the generated One Time Password. After validation one has to select their respective social category.
- Then, the applicant has to fill in the details of the entity.
- The next step of the Udyog Aadhar Registration is to fill in the correspondent address details of the company.
- The information regarding the carry forward memos are to be filled in.
- Fill in the bank details like bank account number of the enterprise, bank name, branch name, IFSC Code etc.
- Mention whether the entity is in manufacturing sector or service sector.
- After filling in the above-mentioned details the applicant is required to provide the details regarding the total investments made in the entity and the total number of employees in company.
- In the last step of the Udyog Aadhar Registration the applicant has to select the industry center district and have to accept the declaration in the form. And then submit the same online. An acknowledgement number will be given to the applicant for future references.
Documents required for Udyog Aadhar Registration:
The documents that are required for an organization during the Udyog Aadhar Registration application are-
- PAN Card Number of the applicant.
- Proof of social category that is the SC, ST, OBC Certificate etc.
- AADHAAR Card Number of the applicant/ business owner.
- Registration details of the entity or incorporation certificate.
- Address proof details of the place of business.
- National Industrial Classification (NIC) Code.
- Bank account details and statements.