In 2015 Prime Minister of India Shree Narendra Modi launched Udyog Aadhar to Promote Micro, Small and Medium Enterprises sector in India. He said that it will generate employments in India and also it will give inspiration to small startup. Growth of Micro, Small and Medium Enterprise MSME) sector is important for economic growth of India. The Government of India launched Udyog Aadhar because prior procedure format of registration under MSME was difficult.
Key Feature of Udyog Aadhar is to make simple process of registration under MSME, there is only a single page form which can be submit online. Whole process of registration under Udyog Aadhar can be done from home. All other online/ offline systems of registration of MSMEs created and maintained by Central/State/UT Governments should cease to register new MSMEs forthwith. Such online platforms may be allowed to exist for the time being to enable access to useful legacy data for decision making. Henceforth, there should be only one system i.e. Udyog Aadhar Memorandum (UAM) for the registration of new MSME units.
What is Udyog Aadhar?
Udyog Aadhar is 12 digit unique numbers which is issued by the Ministry of Micro, Small and Medium Enterprise. Prior Udyog Aadhar there was registration under MSME was difficult, registration under MSME and SSI was required. Now the Government makes easy process for registration under MSME sector. Now you have to Register Udyog Aadhar for your Small and medium enterprise. Udyog Aadhar registration process is very simple and easy you can register by yourself through filing online form. It is a one page registration form that would constitute a self-declaration format. You can file the form online and it requires no documents. MSME will certify its existence.
You have to fill some information in your Udyog Aadhar Registration form for example Name, Aadhar details, PAN details, Bank Details, Address Proof and other required information. After the successful submission of your form, you will be geta unique 12 digit number from the Ministry of MSME.
Udyog Aadhar Correction
After obtaining the Udyog Aadhar Number if you find that you mentioned wrong details in your Udyog Aadhar then there is no big problem in it because there is no requirement of new registration form. You can correct your details by Udyog Aadhar Update. Process of Udyog Aadhar Correction is very simple and easy. You can correct your details by online mode.
- You have to visit official website of Udyog Aadhar (https://udyogaadhaar.gov.in/UA/UA_EntrepreneurLogin.aspx)
- Then you have to log in your Udyog Aadhar Number
- Then you have to choose your OTP option, you can get your OTP on your mobile/email
- You can update your details after entering of OTP
- After correction you can submit.
Benefits of Aadhar Udyog
You will get so many benefits from the Government after obtaining Udyog Aadhar. Government launched many schemes regarding Micro, Small, and Medium Enterprise sector so it is mandatory for those small business sector to register their business under MSME by Udyog Aadhar because without Udyog Aadhar you will not get any benefits from the Government. Even you have to register under the MSME Databank. Benefits of Udyog Aadhar is mentioned below
- You will get loan on low interest rates
- After obtaining Udyog Aadhar you become eligible for the government subsidies
- You will get funding from government
- You will get chance to present your projects in foreign expos
- Opening of current account in bank will become easy after obtaining Udyog Aadhar
- Udyog Aadhar can be use as legal proof
- After obtaining Udyog Aadhar you will get all benefits from the Government schemes.
If you want to get benefits from the government schemes then you should acquire an Udyog Aadhar Number for your business because it is a primary thing for your small and medium business. Udyog Aadhar number will help your small business. Prior Udyog Aadhar registration under MSME was difficult, it was difficult for newcomers they did not know proper process because it required 2-3 registration for MSME so Udyog Aadhar make it easy for registration under MSME.
As above mentioned that government provides so many benefits. Process of obtaining Udyog Aadhar is very easy, you can file your form online without any documents filing. If you want some changes in your Udyog Aadhar Details then you can correct it by online mode.