The benefits of Udyog Aadhar.
Udyog Aadhar has simplified the procedure and documentation for the MSME registration. There are many benefits that the micro, small and the medium enterprises could enjoy by registering themselves under MSME by just filling a one page form and giving certain enterprise related details.
The details required for filing for registration: Aadhar number, Industry name, Address, Bank details, and some common information. One can file more than one Udyog Aadhar with same Aadhar Number. The registration number is received in the mail-id provided.
Benefits of registering under Udyog Aadhar:
#Once registered with MSME, Udyog Aadharcertificate holder would be eligible for all government scheme benefits like without guarantee loan, easy loan, loan with low rate of interest.
#The MSME registered enterprises get the financial support from the Government to participate in foreign expo.
#The enterprise is also entitled for the Government subsidies.
#Exemption under direct tax laws.
#Other Subsidies from State Governments as extended credit facilities, Industrial extension support and services, Assistance in marketing( both within the country and outside) Assistance for construction of industries in underdeveloped areas, Technical consultancy, assistance in capital, and so on, for enhancement of technology in MSME’s.
Documents that are needed for Udyog Aadhar registration.
The document required for the registration are Your Aadhar number, Industry name, Address, bank account details, PAN Card number and the major activity carried out by the enterprise.
Udyog Aadhar is available to MSME’s only. It is important to understand What an MSME is. MSME standing for MICRO, SMALL and MEDIUM enterprise are divided on the basis of Investment which is different for manufacturing and service sector.
The criteria to avail MSME registrationFor MANUFACTURING SECTOR:
#MICRO ENTERPRISES is one where the investment in the plant and Machinery is not more than 25 lacs.
#SMALL ENTERPRISES is one where the investment in the plant and Machinery is more than 25 lacs but not exceeding Rupees 5 crore.
#MEDIUM ENTERPRISES is one where the investment in the plant and Machinery is more than 5 crore but not exceeding Rupees 10 crore.
The criteria to avail MSME registrationFor SERVICESECTOR:
Since service sector has a lower investment requirement, it has a different classification.
#MICRO ENTERPRISES, where the investment in equipment does not exceed more than 10 lacs.
#SMALL ENTERPRISES, where the investment in equipment is more than 10 lacs but does not exceed rupees 2 crores.
#MEDIUM ENTERPRISES, where the investment in equipment is more than 2 crores but does not exceed rupees 5 crores.