Aadhaar For Your Business Udyog Aadhaar And Its Benefits

What is Udyog Aadhaar?

India’s economic growth has been flourishing and one of the key reasons behind it is the Small and medium enterprises sector. The SME sector has about 92.5% of industrial establishments in the country. The manufacturing output in the country has 45% of its volume from the SME sector. Udyog Aadhaar is an identification system similar to Adhaar but specifically for businesses. This is introduced by the government and the Ministry of Micro, Small and Medium Enterprises. 

The main purpose of introducing Udyog Aadhaar is to promote the growth of all businesses that are registered. As an MSME/SME, you can enjoy special Aadhaar benefits after registration. 

Eligibility for Udyog Aadhaar

Various businesses are classified depending on their investment in plant and machinery for Udyog Aadhaar
 

 

How to Register for Udyog Aadhaar?

The Udyog Aadhaar registration process requires all documents and information related to your Aadhaar. Below are the steps you can follow to register 

• Log in to the official website for Udyog Aadhaar https://eudyogaadhaar.org/
• Enter the details like name and the Aadhaar number 
• Select the box and click on validate OTP
• Enter the OTP received on registered mobile number
• Upon completion of registration you will be guided to a form
• Fill in all the details of the form like the name of the organization, type of organization etc.
• Recheck the data for any errors
• Submit the form after checking the data
• Another OTP is to be entered before submission of the final form
• After entering the same, submit your application on the website

Documents Needed for Registration

Below are the documents needed for registration

• Personal Aadhaar Number
• Name of the owner
• Category of Applicant
• Name of the business enterprise
• Type of organization
• Bank details of the organization
• Key business activity
• National industrial classification code
• Number of persons employed in the organization
• The details of district industry center
• Date of commencement of business

Benefits of Udyog Aadhaar Registration

Registering for Udyog Aadhaar has multiple benefits and some are stated below

• MSMEs can get benefits of all government related schemes related to availing of loans, getting subsidized interest rates and so on
• Exposure to foreign expos can be obtained to expand business
• Government subsidies can be accessed
• Udyog Aadhaar helps the enterprise to open current accounts for the purpose of business easily
• The micro business loans schemes can be availed

Udyog Aadhaar Memorandum

The Udyog Aadhaar memorandum is a single page form that needs to be filled for easier application of udyog aadhaar. This form helps to minimize the documentation process and also eliminates the multiple forms that are to be filled during the registration process. Once both are linked, you will get an acknowledgement that personal and Udyog Adhaar have been linked. This form is mandatory to receive the Udyog Aadhaar number.

Re-registration for Udyog Aadhaar memorandum

Enterprises who have already registered for UAM can follow the following procedure

• Fill out the Udyog Aadhaar form and select the get OTP option
• You will get an option to get OTP on mobile or your email
• Validate the OTP received on your mobile number or your email id
• Enter the details of MSME registration to complete the process

Udyog Aadhaar Offline Application

Here is a step by step procedure to apply for Udyog Aadhaar offline

• In case you do not have an Adhaar card apply for the same on the official website
• Until you receive Adhaar, you can make an application for Udyog Adhaar through district industry center
• Submit the aadhar enrollment ID and a valid address proof
• Also submit the physical form that is available

How to update Udyog Aadhaar Number?

In case you need to update your aadhaar number these are the following steps

• Visit the official website
• Enter your udyog aadhaar number on the website
• Enter the verification code and submit
• Enter the OTP that is received on your aadhaar linked number
• Edit the details and submit the form

Conclusion

MSMEs are critical to the economy and its progress. Udyog Adhaar is making the process of registering for MSMEs simple and paperless. The udyog portal has helped the MSME sector flourish and carry out business easily. The MSME sector in the industry contributes to a significant share of growth in the economy. The business aadhaar helps businesses to access subsidies and other benefits available from the government.

FAQS of Aadhaar for your business: Udyog Aadhaar and its benefits:

1:What are the benefits of udyog aadhaar?

Here are some of the benefits

• MSMEs can get benefits of all government-related schemes related to availing of loans, getting subsidized interest rates and so on
• Exposure to foreign expos can be obtained to expand business
• Government subsidies can be accessed
• Udyog Aadhaar helps the enterprise to open current accounts for the purpose of business easily
• The micro business loans schemes can be availed

2:What are the documents needed for udyog aadhaar?

Below are the documents needed for registration

• Personal Aadhaar Number
• Name of the owner
• Category of Applicant
• Name of the business enterprise
• Type of organization
• Bank details of the organization
• Key business activity
• National industrial classification code
• Number of persons employed in the organization
• The details of district industry center
• Date of commencement of business

3:How can udyog aadhaar be registered offline?

Here is a step-by-step procedure to apply for Udyog Aadhaar offline

• In case you do not have an Adhaar card apply for the same on the official website
• Until you receive Adhaar, you can make an application for Udyog Adhaar through district industry center
• Submit the aadhar enrollment ID and a valid address proof
• Also submit the physical form that is available