What is Udyam Aadhaar Registration and Benefits?

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Micro, small and medium enterprises are important factor in India's economy. Udyam poratl launched by the MSME Ministry on July 1, 2020 to enhance registrations for Micro, Small, and Medium Enterprises (MSMEs).
Udyam registration is necessary for MSMEs to access the benefits provided by the government to the MSME sector.

What is Udyam Aadhaar?

Udyam Aadhaar earlier known as Udyog Aadhaar. Udyam Aadhaar is a twelve-digit unique identification number provided by the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India to small and medium-sized businesses in India. It was launched in July 1, 2020 to simplify the registration process for MSMEs and promote ease of doing business in India. The Enterprise Registration Certificate confirms that the enterprise is entitled to receive government benefits allocated to MSMEs.

Benefits of Udyam Aadhaar

Udyam Aadhaar registration provides many benefits to micro, small and medium-sized enterprises (MSMEs) in India. Some of these benefits include:

Udyam Aadhaar offers a easy and online registration process, making it easy for MSMEs to register themselves without any problem.

Registered MSMEs can avail the benefits of various government schemes, subsidies and support programs aimed at promoting the growth and development of small businesses.

The Udyam platform is linked to the Income Tax Portal, GST Identification System and Government e-Marketplace.

Udyam registration facilitates access to more affordable bank loans at lower interest rates.

Eligibility for Udyam Registration

Micro Enterprise : An enterprise where the investment in plant and machinery or equipment does not exceed ₹1 crore and the turnover does not exceed ₹5 crore.

Small Enterprise : An enterprise where the investment in plant and machinery or equipment does not exceed ₹10 crore and the turnover does not exceed ₹50 crore.

Medium Enterprise : An enterprise where the investment in plant and machinery or equipment does not exceed ₹50 crore and the turnover does not exceed ₹250 crore.

Documents required for Udyam Registration

Below are the documents that an entrepreneur needs to submit for enterprise registration on Udyam Portal:

Aadhaar Number

PAN (Permanent Account Number) Card

Business Details

Bank Account Details

Address proof of the place of business.

Note : You can also apply for Udyam Aadhaar registration on Web Online CA.