Indian government introduced so many policies in recent times to help small startups in India for example make in India, Digital India. Recently, Rajasthan government launched a project called Bhamashah Techno hub which helping the entrepreneur in India and there will be 700 startup offices available in the premise of techno hub. The government will provide the infrastructure, mentorship, funding, loan etc. There are many schemes launched by the government of India so they can helps to small startup in India.
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Now Question is how a person/enterprise will get benefit from the government schemes, so the Government of India launched Udyog Aadhar which helps to Micro, small, medium enterprises. Prior Udyog Aadhar there was Registration of MSME and SSI was required for Micro, Small & Medium Enterprise which was complicated so government introduced Udyog Aadhar. Udyog Aadhar replaced registration of MSME and SSI. The main motive behind launching this facility was to provide maximum benefits to these industries and to help in the development of the nation.
What is Udyog Aadhar?
Udyog Aadhar is 12 digit number which is issued by Ministry of Micro, small & Medium Enterprises. Udyog Aadhar certifies your Micro, small & Medium Enterprise status. Udyog Aadhar is promoting small Industries. You will get many benefits from the government after obtaining Udyog Aadhar. Process of obtaining Udyog Aadhar is very simple and easy and process is completely online.
Udyog Aadhar registration is replacement of the previous old MSME Registration Filings forms i.e. is EM-1 and EM-2. In previous forms it was required a lot of documents and it was complicated; to ease the same Udyog Aadhaar has replaced MSME Registration filing forms. Now you have to fill online form on official Udyog Aadhar Portal for obtaining Udyog Aadhar Certificate and it does not require any documentation. Your Aadhar will be linked with the Udyog Aadhar so government can track all the data relate to the startups.
Process of Registration
- First you have to visit the official website: https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx
- Enter you Individual Aadhar number
- You will get OTP on your Aadhar linked phone number
- You have to Enter that OTP
- Now fill the Registration form
- Fill the all details which is required in the form
- You can submit your form
- Again you will receive a OTP
- Now enter the OTP for final submission
There is no requirement of document during filing of registration form but you have to mention your personal details in the form although there is no need of attachment of documents. You have to fill details like Aadhar number, PAN number, Name of owner, Gender, Name of enterprise, Location of your plant, Bank Details, Area of business, and other required details.
When you are planning a business idea you have to go through from so many steps. There is so many registration required from government for approval of startup. Udyog Registration is the first thing you should do before starting a business because it will give you many benefits, it will do help in your small startup.
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How Udyog Aadhaar helps start ups
- Bank will give you loan easily after obtaining Udyog Aadhar
- Bank will give you loan on low interest rates
- You can apply for Pradhan Mantri Mudra Bank Loan
- You can avail the credit guarantee scheme
- You will get benefits from the Excise and Direct Tax Laws
- Participation will be easy in international trade fairs after obtaining Udyog Aadhar
- You will get financial support from the Government when you participate in foreign expos
- You will get all the subsidies from the government after obtaining Udyog Aadhar
- Opening of current account in banks will became easy
- You will become eligible for all the government schemes.
Now you can see that there is so many ways which Udyog Aadhaar helps you to start a small startup. Even you can change in your Udyog Aadhar. Yes there is facility for Udyog Aadhar Update. As you can see that there so many benefit after obtaining of Udyog Aadhar. Without obtaining of Udyog Aadhar you will not get any benefit from the government schemes. So Udyog Aadhar is required for your new startup.
Conclusion for How Udyog Aadhar Helps to Small Startups in India
Nowadays small startup business rising because of our Indian Government. As you can see in introduction of article that our government is implementing policies for small scale industries, for example, make in gives rise to small startup. As above mentioned that Udyog Aadhar is required to obtain benefits from the government schemes. Indian Government introduces Udyog Aadhar because prior registration under MSME was complicated, now it became the online process which does not require any documentation.
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So if you are planning to start a small startup then you should register under Udyog Aadhar because it helps in many ways. You will get many benefits from the government like loan on low rates interest, funding from government and other benefits which is mentioned above.