Udyog Aadhar

Udyog Aadhar:

Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises  Government of India for  Small and Medium Enterprises in India. It is also known as Aadhaar for Business. As of July 2018, more than 48 lakh MSMEs in India are registered under Udyog Aadhaar. Udyog Aadhaar scheme was launched in September 2015 by Ministry of Micro, Small and Medium Enterprises under Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act, 2006) with the purpose to promote micro, small and medium enterprises.

Udyog Aadhar Eligibility:

Business entities that are classified basis their investment in plant and machinery (as per the table below) are eligible to apply for an Udyog Aadhar card.y

Classification Manufacturing Sector Service Sector
Micro Enterprise Up to Rs. 25 lakhs investment in plant & machinery Up to Rs. 10 lakhs investment in equipment
Small Enterprise Up to Rs.5 crore investment in plant & machinery Up to Rs.2 crores investment in equipment
Medium Enterprise Up to Rs.10 crore investment in plant & machinery Up to Rs.5 crores investment in equipment

Benefits of Udyog Aadhar:

  • Excise exemption
  • The exemption under the direct tax laws
  • 50% reduction in fee for filing patents and trademarks
  • Credit guarantee scheme
  • Protection from delayed payments
  • Loans without guarantee, low-interest rates on loan
  • Financial support for participating in foreign business exposure from the Government of India.
  • Subsidies provided to increase the company’s revenue
  • Concession in electricity bills
  • The exemption provided when applying for government tenders
  • Octroi benefits

Documents required for Udyog Aadhaar new registration

When registering for Aadhaar Udyog, the documents required may include:

  • Personal Aadhaar number
  • Name of owner
  • Category of applicant
  • Name of business
  • Type of organisation
  • Bank details
  • Key activity
  • National Industrial Classification code
  • Number of persons employed
  • Details of District Industry Centre (DIC)
  • Date of commencement