WHAT IS A UDYOG AADHAAR / MSME / SSI?

UDYOG AADHAAR / MSME / SSI, Udyog Aadhar is also known as Aadhar for Business. It is a unique 12 digit Government identification number issued by the Ministry of MSME for all small and medium enterprises and small scale industries. These business entities are registered through this process as MSME with their Aadhar Card Number. In other words, the Udyog Aadhaar MSME/SSI unit is an entity that meets set criteria. Udyog Aadhaar, MSME, or SSI unit registration is not mandatory as per any statute but entities can avail few benefits available under different laws by registering themselves.

MSME

BENEFITS OF UDYOG AADHAAR CERTIFICATE

Easy to receive Bank Loans

It is easy to get bank loans when you are registered under the MSME Act.

Recognized by Govt. of India

Udyog Aadhar certificate is recognized by Govt. of India making it easy for the business to use one.

Concession on electricity bills

You will avail concession on electricity bills if you have MSME registration.

Easy to get approvals, licenses

The enterprises can easily get the approvals, licenses and registration once they acquire MSME certificate.

Easy to open current account

MSME Registration allows you to open current account easily.

Exemption under Direct Tax Laws:

One is eligible for the Industrial Promotion Subsidy Under MSME Act

PROCEDURE FOR UDYOG AADHAAR / MSME / SSI REGISTRATION

Registration

Registration of Udyog Aadhaar/MSME/SSI units is undertaken by respective state governments. Almost all the states adopt uniform registration procedure which is as follows.

Provisional Registration

Units are required to obtain Provisional Registration Certificate before the commencement of the business which will be valid for 5 years..

Permanent Registration

Units can apply for a Permanent Registration Certificate in the prescribed form once the business is commenced.

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