What Is Udyog Aadhar Registration?
Udyog Aadhar Registration is a Government Registration provided to Micro, Small & Medium Enterprises. Udyog Aadhaar or MSME registration is a certificate provided to micro, small, medium-sized businesses in India under the Micro, Small and Medium Enterprise Development Act, 2006 (MSMED). When a business registers as MSME it becomes eligible to avail government schemes and subsidies that are exclusive for small businesses.
The owner, director or proprietor of the entity will provide his/her 12-digit Aadhar Number, whether the enterprise or entity is a sole proprietor, an LLP, a Private limited company or anything else. It should have the recognition certificate provided via the MSME registration process.
The main objectives of the MSME department with respect to providing Udyog Aadhaar registration are as follows:
- To extend the benefits of various government scheme at one stop to the SSI units;
- To enable the micro, small and medium enterprises to compete with international competition efficiently;
- To safeguard SSI from financial harassment in the hands of big industries.
- To promote the growth of micro, small and medium enterprises on a large scale to effectively tackle the widespread problems of unemployment and poverty;