Udyog Aadhaar (MSME) Registration

Udyog Aadhaar (MSME) Registration

Udyog Aadhaar (MSME) registration is a certificate given to micro, small, medium-sized businesses in India under the Micro, Small and Medium Enterprise Development Act, 2006. The process for obtaining MSME registration has been made online by the government. We at MyDBiz help you in obtaining MSME registration for your entity in 1 working day.

The objectives of the department with respect to providing Udyog Aadhaar registration are as follows:

  1. To enable the micro, small and medium enterprises to compete with international competitors effectively.
  2. To promote the growth of micro, small and medium enterprises on a large scale to effectively tackle the widespread problems of unemployment and poverty.
  3. To extend the benefits of various government schemes to Small Scale Industrial units.
  4. To safeguard the Small Scale Industrial units from financial harassment of large industries.
Eligibility For Obtaining Udyog Aadhaar Registration:
Not all businesses can obtain Udyog Aadhaar registration. Only those entities that are classified as a micro, small or medium enterprises based on their investments in plant and machineries are eligible for the registration.
For manufacturing sectors, investments in plant & machinery up to INR 25 lakhs are considered as Micro Enterprises. Investments in plant & machinery up to INR 5 Cr are considered as Small Enterprises and investments in plant & machinery up to INR 10 Cr are considered as Medium Enterprises.
For services sector, investments in equipment up to INR 10 lakhs are considered as Micro Enterprises. Investments in equipment up to INR 2 Cr are considered as Small Enterprises and investments in equipment up to INR 5 Cr are considered as Medium Enterprises.
Documents Required For Udyog Aadhaar Registration:
  1. Aadhaar Card of the promoters
  2. PAN of the entity
  3. Cancelled cheque or Bank Statement of the entity
  4. Proof of registered office
Benefits of Udyog Aadhaar Registration:
  1. Some of the benefits of Udyog Aadhaar registration are as follows. It is subject to change as per government’s order.
    1. 100% Collateral Free loans from banks
    2. Reduction in interest rates
    3. 1% exemption on OD interest rate
    4. 50% subsidy for Patent registration or Trademark Registration
    5. Bar Code Registration Subsidy
    6. Waiver in Security Deposit in Govt. Tenders and Departments
    7. Concession in Electricity bills
    8. Reimbursement of ISO Certification
    9. NSIC Performance & Credit ratings
    10. Special consideration on International Trade fairs
MYDBIZis the market leader in providing Udyog Aadhaar registration services in India. Before we get started with the engagement, all the required information and documents are collected. An engagement manager would be assigned who will be the point of contact till the engagement is completed. The average time required to complete the Udyog Aadhaar registration is 1 working day depending on the government processing time and client document submission.
For more information, feel free to contact us at info@mydbiz.com or call us at +91 9632 993 993.