Udyog Aadhaar: MSME Eligibility, Registration Process, Documents Required, Fees and Charges

It is a twelve digit Unique Identification Number issued by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium sized enterprises in India. The business owners are also provided with Udyog Aadhar certificate. It is also known as MSME registration.

Why was Udyog Aadhaar needed?

Udyog Aadhaar was issued in September 2015 in India as there was a dire need to make the registration processes for the micro, small and medium sized enterprises in India. Before this, the registration process was tedious and paper-heavy and the owner was required to register for both small industry and MSME, but with the introduction of Udhyog Aadhaar the procedure got simpler and easier for the business owners.

Benefits of Udyog Aadhaar

Following are the benefits of Udhyog Aadhaar:

• Helps in providing bank loan without collateral or mortgage
• Helps in tax exemption of direct tax
• You can avail interest at lower rate
• In case of patent registration 50% grant is available
• Reimbursement of ISO certification
• Makes the process of availing licences, approvals and other registrations easy
• Concession in electricity  bill and more
• Eligibility for government subsidies
• Applying for current bank accounts for businesses is easier and faster
• Barcode registration subsidy
• Manufacturing and production sector policies
• Offers Octroi benefits under the package Scheme of Incentives, 1993
• Provides protection against any delay in payments
• Subsidy on NSIC performance & Credit Ratings for those having MSME Registration

Eligibility for Udyog Aadhaar

The eligibility criteria for Udyog Aadhaar registration is not for all businesses but for the entities that are categorised as Micro, Small or Medium Enterprise.  Take a look at the table below for eligibility criteria in investment in plant and machinery as per the ministry:

Documents required for Udyog Aadhaar Registration

For registration of Udhyog Aadhaar Online, no  documents are required, but you have to furnish following details:

1. Aadhaar Number

2. PAN Number - It is mandatory for the following to provide PAN Number for Udyog Aadhaar Registration:

• Co-operative
• Private Limited
• Public Limited
• Limited Liability Partnership
• For all the other organizations it is optional to provide PAN Number

3. Bank Details- You need to provide your Bank details, the IFSC Code of the participating bank branch where your account exists

4. Date of Commencement
5. Key Details of service or manufacturing
6. Type of Organisation
7. Location of service/ manufacturing plant
8. Official Address
9. Number of people of employed
10. Mobile Number

How to Register for Udyog Aadhaar?

Udhyog Aadhar Registration can be done by following the steps mentioned below:

Step 1: Visit the official website of Udhyog Aadhaar

Step 2: Enter your Aadhaar Number and Name as per your Aadhaar Card

Step 3: Click on  “Validate and Generate OTP”

Step 4: Enter the OTP sent to your registered mobile number

Step 5: You will be redirected to a new page, where you have to enter the remaining details

Step 6: Enter the details such as your name, social category, Gender, etc.

Step 7: Enter if you are physically handicapped or not

Step 8: Enter the name of your enterprise

Step 9: Enter the type of organization as show in the below picture

Step 10: Enter your PAN Number

Step 11: Enter the location of your plant and the official address

Step 12: Enter the date of commencement of the plant

Step 13: Enter the details of previous registration (if any)

Step 14: Enter your bank details along with IFSC Code of bank’s branch

Step 15: Enter your registered mobile number

Step 16: Enter the number of persons who are employed

Step 17: Enter the other required details such as major activity, National Industrial Classification (NIC) code, investment amount, DIC, etc.

Step 18: Click on “Declaration” button

Step 19: Click on “Submit” button

Step 20: Once the submission is done, you will receive an OTP on your registration mobile number

Step 21: After verifying the OTP, you must enter the captcha code

Step 22: You will receive an acknowledgement/reference number on your registered email address

Note: This acknowledgement/reference number can be used for future references.

Fees and Charges Involved in Udyog Aadhaar

There are no Udhyog Aadhar Fees and charges for Udhyog Aadhaar online registration.

Also Check: Udyog Aadhar Verification