What is the Udyog Aadhaar number?

The Ministry of MSME issues Udyog Aadhaar (also known as Aadhaar for Business), a 12-digit government identifying number to small and medium-sized firms that desire to register as MSME.

Also Read: Udyam Certificate

A sole proprietor company owner, unlike other business entities, does not have a formal recognition of his business. Udyog Aadhaar is highly recommended for sole proprietors who do not have official government recognition, since it allows a lone proprietor to obtain a unique identity and official registration with the Government of India, which verifies the existence of his business.

Other sorts of business enterprises typically have official recognition and can register for Udyog Aadhaar and take advantage of the MSME’s other perks, which are listed below.

Udyog Aadhaar’s Advantages

There are various advantages to registering your business and obtaining an Udyog Aadhaar.

The following is a list of benefits gained from the Ministry of MSME’s different initiatives for the protection, growth, and development of small businesses. The same perks are available to Udyog Aadhaar holders, and they prove to be highly beneficial.

The following are the advantages:

1. Payment protection in the event of a payment delay.
2. Disputes are promptly resolved.
3. Bank loans with no collateral
4. For participating in an international trade show, you will receive special consideration.
5. Octroi’s Advantages
6. There are no stamp duties or registration fees.
7. Several Direct Tax Laws Exemptions
8. Barcode registration subsidy
9. NSIC Performance and Credit Ratings Subsidy
10. Through CGSTI, the Government of India provides a counter-guarantee.
11. The interest rates charged by banks have been lowered.
12. CLCSS scheme provides a 15% subsidy for technology upgrades.
13. When applying for government bids, there are some exemptions.
14. Reduced Electricity Bills
15. Payment for obtaining ISO certification is refunded.
16. The interest on OD is exempted by 1%.
17. For optimal reasons, the acceptable loan ceiling has been increased from Rs. 25 lakh to Rs. 50 lakh.
18. Increasing the level of guarantee coverage from 75% to 80%
19. MSME / SSI reserves products for exclusive production.
20. Obtaining Licenses is easier with easier registration and approvals.
21. Are you eligible for an IPS subsidy?
22. Preference in the awarding of government contracts
23. Scheme for Excise Exemption
24. Banks’ interest rates have been reduced.
25. Patent registration is eligible for a 50% subsidy.

Some of the advantages that an Udyog Aadhaar bearer can take use of are listed above. Apart from this, the same benefits are available to Udyog Aadhaar holders if and when new schemes are established.

How can I register for an Udyog Aadhaar?

The procedure for obtaining an Udyog Aadhaar is quite straightforward. You do not need to get the form attested by a professional in order to register. Furthermore, there are no registration costs charged by the government.

You can even do it yourself if you follow the instructions outlined below.

MSME / SSI Udyog Aadhaar Online Registration

Step 1: Go to the website.

Step 2: Fill in your unique Aadhaar number. In the event of a partnership, the Partner applying for Udyog Aadhaar must provide his Aadhaar number, while in the case of a company, the Authorized Signatory registering on the company’s behalf must provide his Aadhaar number.

Step 3: Enter the OTP obtained on the Aadhaar Card-linked phone number.

Step 4: Fill out the Udyog Aadhaar Form and submit it.

• Aadhaar Number

• Owner’s Name

• Caste of the applicant is a social category.

• Gender

• Physically challenged

• Name of the Company – The name of the legal entity that will do business with you. One applicant can have many businesses, each of which must be registered for a distinct Udyog Aadhaar with the same Aadhaar number.
• Organizational Structure – Type of legal entity or business entity.

1. Proprietorship
2. Firm of Partnership
3. Undivided Hindu Family
4. Limited Liability Corporation (LLC)
5. Co-Operative
6. Limited Liability Corporation (LLC)
7. Self-Help Organization
8. Others

• Pan Number – For LLP, Company, and Co-operative Society, it is required. The rest is optional.

• Plant’s Location

• Official Website – The business’s address, as well as its phone number and email address.

• Commencement Date – The date on which a company was founded.

• Previous Registration Information- If relevant, details from a previous MSME/SSI registration should be supplied here.

• Bank Account Information – The company’s bank account information, including the IFSC code and account number.

• Major Projects – Manufacturing or service are the two main areas of corporate activity.

• Nic Code – The National Industrial Classification (NIC) manual should be used to find the right NIC Code. It can be found here.

• Employed person – The total number of employees in the company.

• Plant and Machinery / Equipment Investment – The amount of money spent by the company on machinery and equipment.
• The District Industry Center’s Specifications – closest to the place of business

Step 5: When you’ve finished filling out all of the fields, click the submit button.

Step 6: Enter the OTP received on the Aadhaar-linked phone number.

Step 7: To complete the submission, enter the code on the screen.

Offline Application for Udyog Aadhaar

Step 1: Apply for an Aadhaar Card if you don’t already have one.

Step 2: The District Industry Center (DIC) or MSME-DI will process your Udyog Aadhaar application till you acquire your Aadhaar Card.

Step 3: Please submit the documentation below to the DIC or MSME-DI.

• Aadhaar Enrolment ID slip is a copy of the Aadhaar enrollment request.
• Any legitimate proof of address.

Step 4: Fill in the blanks on the physical form.

Step 5: Send it to the MSME-DI or the District Industry Center (DIC).

You will receive an acknowledgement of the successful submission of the form when you submit it. Following that, you will receive an Udyog Aadhaar number on a certificate that will be provided to you via email. The Udyog Aadhaar certificate can also be printed.

What is the procedure for editing or updating your Udyog Aadhaar number?

If you need to change the information on your existing Udyog Aadhaar Number, please follow the steps below:

Step 1: Go to the link and click it.

Step 2: Your Udyog Aadhaar number is required.

Step 3: Submit after entering the verification code.

Step 4: Enter the OTP that was sent to your Aadhaar-linked phone number.

Step 5: Alter the information you wish to change and submit the form.

As you can see, there are multiple advantages to acquiring an Udyog Aadhaar for your business, and the registration process is fairly straightforward, so you may do it yourself even if you have no prior experience.

Suggested Read: Print Udyog Aadhaar Certificate