Thinking about Start-up or opening a new business! You must be enquiring about the processes. Most of the start-ups and businesses are in Manufacturing and Service Industry. And here is big support from the government in form of Udyog Aadhar. However this is not a news anymore as it was notified on 18th September 2015, more than 2 years back, but this is still not known to many newcomers in the field of entrepreneurship.
What is Udyog Aadhaar?
Udyog Aadhaar is a 12 digit registration number issued by the Ministry of Micro, Small and Medium Enterprises (MSME) to the existing or new small and medium enterprises in the country who have applied for registration. This initiative of having the one page Udyog Aadhaar Memorandum (UAM) has simplified the erstwhile lengthy procedure of filing for MSME registration where the small and medium enterprises had to fill Entrepreneur Memorandum –I (EM-I) and Entrepreneur Memorandum –II (EM-II) forms which in turn consisted of almost 11 different forms along with the necessary attested certificates. The introduction of such an online user-friendly form has definitely reduced the time was taken and efforts made in the entire process of applying and verification of the documents for the MSME registration.
What are Micro, Small and Medium Enterprises?
It is not a compulsion to register under MSME, but highly recommendable to do so. Once they are registered, they can enjoy multiple benefits from different schemes of government. With the intent of making Micro, Small and Medium Enterprises commercially successful, Government has made many policies which are applicable to registered Enterprises only. The Udyog Aadhaar helps the small entrepreneurs in getting themselves registered under MSME in a simpler way by just filling a one-page form and giving certain enterprise related details.
Benefits of Udyog Aadhar
- Registration is online and user-friendly.
- UAM can be filed on the self-declaration basis.
- No documentation required.
- No Fee for filing.
- File more than one Udyog Aadhaar with same Aadhaar Number.
- The details required for filing for registration: Personal Aadhaar number, Industry name, Address, Bank details, and some common information.
- Once filled and uploaded, the registration number is received in the mail-id provided.
- No touts and brokers
- No long pending files.
There are many benefits which can be self-explored. For further questions on Udyog Adhaar, please visit their FAQ site (Click Here).