The ministry of micro, small and medium enterprise in collaboration with the government of india established the udyog aadhar concept. The main goal of this plan was to make it easier for micro, small and medium enterprise to register. This blog will go over the udyog aadhar registration fees and process.
Udyog aadhar is a concept.
Any company that wishes to register as an micro, small and medium enterprise in india as well as udyam registration must first obtain udyog aadhar registration. Each business that register receives a twelve digit unique identification number as well as a certificate of registration.
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Additionally any business entity can obtain this registration by submitting a form on the official website. As instances of any commercial entity, consider the following.
Firm with a sole proprietorship.
Undivided hindu family.
A one person business.
Firm of partnership.
Limited liability corporation.
Society of cooperation.
Enterprise must however review the micro, small and medium enterprise development act, 2006 conditions before filing for udyog aadhar registration.
Furthermore there are no government mandated udyog aadhar. Registration fees. That is to say the procedure of registering is absolutely free.
Registration of udyog aadhar is required.
The micro, small and medium enterprise sector in india serves as a cornerstone for the country economic growth and development. This industry employs more than 42.5 million people. Furthermore this industry account for more than half of the country overall industrial output.
As a result the micro, small and medium enterprise ministry in collaboration with the central government launched the udyog aadhar registration to aid this sector efforts. The primary goal of the registration is to encourage growth and provide benefit to the enterprise who are registered.
Another factor was the amount of paperwork and document required for micro, small and medium enterprise registration. In addition the firm owner was required to seek both micro, small and medium enterprise and small industry status.
Memorandum on udyog aadhar.
It is a one page self certification form on which an applicant reveals all business related information. The phrase information refer to the existence of the entity its bank account number and data the applicant personal information and so on.
The government has also waived the charge for the udyog aadhar memorandum. An acknowledgement will be sent to the registered email address after the form is submitted. The unique aadhar number will also be included in this acknowledgement .
The filing of an udyog aadhar memorandum is not required for firms registered prior to the micro, small and medium enterprise development act of 2006. Small scale registration and entrepreneurship memorandum one and entrepreneurship memorandum two is required for such organization.
Udyog aadhar micro, small and medium enterprise registration benefits.
The following are the advantages of having an udyog aadhar in india.
Assist in obtaining a bank loan without the need of a mortgage and collateral.
Exempts direct taxes from taxation.
Interest rate are reduced.
Patent registration is granted with a 50 per cent grant.
International standard organization certification reimbursement.
Obtaining a licence and approval is a simple process.
Provide electricity at a reduced rate.
Government subsidy are available.
Opening current bank account is simple.
Barcode registration subsidy.
Policy on Subsidy in the manufacturing and production sector.
Under the package scheme of incentive 1993 it provides octroi benefits.
Provide protection from late payment.
Provide national saving income certificate performance and credit rating subsidy.
The consultative group of smaller economies scheme provide coverage.
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Important points to remember when registering for udyog aadhar.
The following are the consideration for udyog aadhar registration fee and process in india.
Udyam will be the name of the company that applies for registration.
Udyam registration portal will be the name of the udyog aadhar registration portal.
After registration the entity will be assigned a unique identification number.
The registered entity will receive an online certificate of registration.
The certificate of registration will include a quick response code that can be used to quickly access the data of the registered business on the official website.
The registration certificate is good for a lifetime. That means you would not have to apply for a renewal of your registration.
There are no registration fees for udyog aadhar. That is to say the registration process is completely free.
Documents required for micro, small and medium enterprise registration with udyog aadhar.
The following are the document necessary for udyog aadhar registration.
Applicant name and aadhar number.
Name of the company.
The entity business nature.
Proof of the company address
The company information and bank account number.
Total number of employees.
Applicant phone number and email address.
The company permanent account number and total investment.