Under the Micro, Small and Medium Enterprise Development Act of 2006, enterprises in India can register for an MSME ID card called Udyog Aadhaar. The government has moved the registration procedure for micro, small, and medium-sized enterprises (MSME) online. We at Proudfiler are here to assist you in getting your company registered as an MSME in as little as one business day.

Providing Udyog Aadhaar enrollment serves the following departmental goals:

1. To help micro, small, and medium-sized businesses compete well with companies from other countries.

2. To encourage the growth of micro, small, and medium businesses on a large scale so that unemployment and poverty can be dealt with more effectively.

3. To help Small Scale Industrial Units get the most out of different government programmes.

4. To protect small businesses from being taken advantage of financially by big businesses.

Eligibility For Obtaining Udyog Aadhaar Registration

Micro Enterprises are businesses that invest up to INR 10 lakhs in equipment for the service sector. Small Enterprises are those that invest up to INR 2 Cr in equipment, while Medium Enterprises invest up to INR 5 Cr in equipment.

Documents Needed to Sign Up for Udyog Aadhaar:

1. The promoters’ Aadhaar cards
2. The business’s tax ID number i.e. PAN CARD
3. A cancelled check or a bank statement for the business.
4. Proof of where the business is based

Advantages of registering for Udyog Aadhaar:

Some of the good things about signing up for Udyog Aadhaar are listed below. It can be changed if the government says so.
1. Banks give loans with no collateral at all
2. Interest rates going down
3. Interest rate on ODs not to go up by 1%
4. A 50% discount on the cost of registering a patent or trademark
5. Payment for registering bar codes
6. Refund of the security deposit in government bids and departments
7. Reduction of electric bills
8. Getting paid back for ISO certification
9. Performance and credit ratings for NSIC
10. Give special thought to international trade shows