Udyog Aadhaar is Aadhaar for Service. It is a twelve digit Special Recognition Number provided by Ministry of Micro, Small and Medium Enterprises, Federal Government of India for little and medium business in India.
It was launched in September 2015 with the function to promote small businesses. Since its launch, around 87 Lacs organizations have signed up for Udyog Aadhaar.
Federal government charges absolutely nothing for Udyog Aadhaar Registration and has not appointed any agent for the very same. As soon as applied the validity of registration will be life time assuming business will be a going concern. Services need not submit any return under the stated registration.
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Eligibility for Udyog Aadhaar
Not every service is qualified for getting Udyog Registration. There is some criteria for getting eligibility for Udyog Aadhaar.
Let us take a look upon how the Businesses are categorized.
| Classification | Manufacturing Sector (Financial Investment in Plant & Equipment) | Service Sector (Financial Investment in Devices) |
| Micro Enterprise | Upto Rs. 25 Lacs | Upto Rs. 10 Lacs |
| Little Enterprise | Upto Rs. 5 Crores | Upto Rs. 2 Crores |
| Medium Enterprise | Upto Rs. 10 Crores | Upto Rs. 5 Crores |
Procedure for getting Udyog Aadhaar
Registration under Udyog Aadhaar is through online procedure. Aadhaar card of Individual is compulsory for making an application for Udyog Registration.
See the website https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx
Prior to completing the form, specific Aadhaar number needs to be validated through mobile number linked to the stated Aadhaar. In case of sole proprietorship, Aadhaar number of person is to be provided, in case of partnership company, the partner making an application for Udyog Aadhaar shall give his/ her Aadhaar number and in case of company, the licensed signatory using on behalf of business will offer his Aadhaar number.
After Aadhaar validation, fill out the kind. Details needed is
Benefits of Udyog Aadhaar
- Defense versus hold-up in payment.
- Octroi Benefits.
- Concession in Electricity Bills.
- Reduced interest rate from banks.
- Waiver of stamp duty and registration fees.
- Special consideration for participating in International Trade Fair.
- Exemptions while applying for Federal government Tenders.
This is an effort of the Federal government of India to make the process of registration of a business under Micro Small and Medium Enterprises extremely easy and basic for the business owners as the earlier procedure was rather chaotic, troublesome and time consuming.
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