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Udyog Aadhar MSME registration

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Documents required for registering MSME firm

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  • AADHAAR CARD: Partner: OTP Purpose.
  • Name of Business
  • Social Category
  • Name of Applicant
  • Type of Organization
  • Postal Address of Company
  • Date of Commencement of Business
  • Bank Account Number and Bank Name
  • Bank IFS Code
  • Main Business Activity of Enterprise
  • Pan card

UDYOG AADHAR BENEFITS

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Udyog Aadhar (also called as Aadhar for business) is highly advisable for sole proprietors who don’t have an official government recognition as it helps a sole proprietor to get a unique identity and official recognition.

Other types of business entities have an official recognition but they can register for Udyog Aadhar to avail the other benefits such as:

  • Protection against delay in payment.
  • Collateral free loans from banks.
  • Barcode and registration subsidy.
  • 50% subsidy for Trademark registration
  • Subsidy on NSIC
  • Concession in electricity bills
  • Eligible for IPS subsidy
  • Fast resolution of disputes
  • Waiver of stamp duty and registration fees.
  • 50% subsidy for Patent registration
  • Reduce the rate of interest from bank
  • Counter guarantee from GOI through CGST
  • 1 % concession in interest on bank OD
  • Preference in the allocation of government tenders.

The Micro Small and Medium Enterprises Development Act,2006 makes it compulsory for MSME to register themselves with the government and to obtain Udyog Aadhar and to avail benefits.