Udyog Aadhaar
Udyog Aadhaar is a twelve-digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises (MSME), Government of India, for small and medium enterprises. It was introduced in September 2015 and is also known as Aadhaar for Business.
Registering under Udyog Aadhaar provides numerous benefits through various schemes offered by the Ministry of MSME for the protection, growth, and development of small enterprises.
Key Benefits of Udyog Aadhaar Registration
Protection against delay in payments.
Fast resolution of disputes.
Collateral-free loans from banks.
Exclusive consideration for participating in international trade fairs.
Octroi benefits.
Waiver of stamp duty and registration fees.
Several exemptions under Direct Tax Laws.
Barcode registration subsidy.
Subsidy on NSIC Performance and Credit Ratings.
Counter Guarantee from Government of India through CGSTI.
Reduced rate of interest from banks.
15% subsidy under CLCSS scheme for technology upgradation.
Exemptions while applying for Government tenders.
Concession in electricity bills.
Reimbursement of payment made for obtaining ISO certification.
1% exemption in interest on overdraft (OD).
Increased eligible loan limit from ₹25 lakh to ₹50 lakh.
Raising the extent of guarantee cover from 75% to 80%.
Reservation of products for exclusive manufacturing by MSME/SSI.
Easier registration and approvals to obtain licenses.
Eligible for IPS subsidy.
Preference in allocation of Government tenders.
Excise Exemption Scheme.
Reduced rate of interest from banks.
50% subsidy for patent registration.