Apply Udyog Adhar Registration 2023, It is a twelve digit Unique Identification Number given to Indian small and medium sized businesses by the Ministry of Micro, Small and Medium Businesses. Also given to the business owners is an Udyog Aadhar certificate. Registration for MSME is another name for it.
APPLY UDYOG AADHAR REGISTRATION 2023
The advantages of Udyog Aadhaar Registration
The best part about obtaining Udyam Registration is that it is a very straightforward process, and on top of that, one won’t need to deal with any paperwork. Check out the main advantages:
1. Registration with Udyam facilitates obtaining government contracts.
2. Bank loans are less expensive because of the Udyam because the interest rate is so low (up to 1.5% lower than the interest on conventional loans).
3. For Udyam, there are several tax breaks available.
4. Regardless of the industry, obtaining licences, permits, and registrations becomes simple. Businesses registered under Udyam are given higher consideration when applying for government licences and certifications.
5. They are able to easily obtain financing at reduced interest rates.
6. Registered Udyams receive tax, tariff, and capital subsidies.
7.The cost of obtaining a patent or establishing an industry is decreased with registration. with the aid of the numerous discounts and concessions offered.
Documets necessary for new Udyog Aadhaar registration
- Aadhaar number
- PAN card
- Mobile number
- Email Id
- Name of business
- Official address
- Bank Details
- Location of manufacturing plant/service
- Total number of employed individuals
Is it prohibited to submit multiple udyog aadhaar memorandum with the same aadhaar number?
Using the same Aadhaar number, you can submit several Udyog Aadhaar applications.
Zero filing costs. The registration number is retrieved from the mail-id issued after the registration form has been completed and submitted.
What is the Udyog Aadhar Certificate?
MSMEs that have registered with the MSME Ministry are given Udyog Aadhar Certificates. The company’s Udyog Aadhar Number can be found on the Udyog Aadhar Certificate.
To receive the Udyam Registration Certificate, the businesses with the Udyog Aadhar Certificate must now re-register on the Udyam Registration Portal.The Udyam Registration Certificate provides the distinctive registration number of the business and is eligible to enjoy the government of India’s advantages for MSMEs.
As an MSME/ SME, you can enjoy special Udyog Aadhaar benefits through subsidies as its main purpose is to promote the growth of all businesses registered.
Are Udyog Aadhar and Udaym Registration same?
MSME/UDYOG AADHAAR registrations have been replaced with Udyam Registration. As per the notification from MSME dated 26.06. 2020, the new process of MSME/UDYOG AADHAAR registration will be launched from July 1, 2020.
- There needed to be more clarity caused in the previous process of Udyog Aadhaar, which led to mistakes and, finally, the rejection of the certificate. But the new process of Udyam registration is quite easy, with minimal scope for errors.
- Udyam registration allows one person with an Aadhaar card to register for one firm only. However, with Udyog Aadhaar, you can register multiple firms with one Aadhaar only.
- While an Aadhaar card linked to a genuine mobile number is required for registration with Udyam Aadhaar, one can apply through Udyog Aadhaar without having an Aadhaar Mobile Link Facility.
- The form you need to fill out while registering with Udyog Aadhaar is small and short compared to the form in Udyam registration, which asks you for details such as GST, Income Tax, etc.
- Registering with Udyog Aadhaar requires the person’s Pan Card and Aadhaar Card. However, while registering with Udyam registration, you only need the applicant’s Aadhaar card.
- The portal of Udyam registration is completely integrated and registered. On the other hand, Udyog Aadhaar is not integrated with the Gem portal or any other government portal, for that matter.
- With the onset of Udyam registration, registering your business has become a free-of-cost process. There is no paperwork involved in doing so.
The advantages of Udyog Aadhaar
The best part about obtaining Udyam Registration is that it is a very straightforward process, and on top of that, one won’t need to deal with any paperwork. Check out the main advantages :-
1. Registration with Udyam facilitates obtaining government contracts.
2. Bank loans are less expensive because of the Udyam because the interest rate is so low (up to 1.5% lower than the interest on conventional loans).
3. For Udyam, there are several tax breaks available.
4. Regardless of the industry, obtaining licences, permits, and registrations becomes simple. Businesses registered under Udyam are given higher consideration when applying for government licences and certifications.
5. They are able to easily obtain financing at reduced interest rates.
6. Registered Udyams receive tax, tariff, and capital subsidies.
7. The cost of obtaining a patent or establishing an industry is decreased with registration. with the aid of the numerous discounts and concessions offered.
