In the country, just like individual Aadhaar numbers are issued, businesses can also obtain their own Aadhaar, known as Udyog Aadhaar.
This special ID is provided to micro, small, and medium-scale industries by the government, offering them financial support.
The Udyog Aadhaar initiative was introduced by the Central Government in 2015 to simplify the registration process for these industries, which used to be quite lengthy.
Benefits of Udyog Aadhaar
Registering for Udyog Aadhaar offers several advantages, making the process online and straightforward. Here are some of the key benefits:
1) Excise Duty Exemption.
2) Direct Tax Law Benefits.
3) Subsidies for Patent and Trademark Filings.
4) Interest Subsidies on Government Loans with Guaranteed Amount.
5) Additional Financial Assistance for Foreign Business Expos.
6) Subsidized Electricity.
7) Extra Discounts for Government Tender Applications.
How to Apply Online for Udyog Aadhaar
To apply for Udyog Aadhaar online, follow these simple steps:
1) Visit the Ministry of Micro, Small, and Medium Enterprises’ MSME website.
2) On the homepage, select “For New Entrepreneurs” if you are not registered as an MSME or have EM-II under Registration.
3) Enter your Aadhaar number and the entrepreneur’s details on the next page.
4) After reading the details, check the box, and click “Validate & Generate OTP.”
5) Enter the OTP sent to your registered mobile number and click “Validate.”
6) Complete your application by providing category, gender, and other required details. Be sure to keep a copy of your application for reference.
