Udyog Aadhar MSME registration

Documents required for registering MSME firm

UDYOG AADHAR BENEFITS

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