How Udyog Aadhar Helps To Small Startups In India

The Indian government introduced many policies in recent times to help small startups in India for example make in India and Digital India. Recently, the Rajasthan government launched a project called Bhamashah Techno hub which helps entrepreneurs in India and there will be 700 startup offices available on the premises of the techno hub. The government will provide the infrastructure, mentorship, funding, loans, etc. There are many schemes launched by the government of India that can help small startups in India. Now Question is how a person/enterprise will benefit from the government schemes, so the Government of India launched Udyog Aadhar which helps Micro, small, and medium enterprises.

Prior to Udyog Aadhar, there was Registration of MSME and SSI was required for Micro, Small & Medium Enterprise which was complicated so the government introduced Udyog Aadhar. Udyog Aadhar replaced the 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 12-digit number which is issued by the Ministry of Micro, Small & Medium Enterprises. It certifies your Micro, Small and medium Enterprise status. Udyog Aadhar is promoting small Industries. You will get many benefits from the government after obtaining Udyog Aadhar. The process of obtaining Udyog Aadhar is very simple and easy and the process is completely online.

Udyog Aadhar registration is the replacement of the previous old MSME Registration Filings forms i.e. EM-1 and EM-2. In previous forms, it 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 the official Udyog Aadhar Portal to obtain a Udyog Aadhar  Certificate and it does not require any documentation. Your Aadhar will be linked with the Udyog Aadhar so the government can track all the data related to the startups.

Process of Registration

1. First, you have to visit the official website: https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx

2. Enter your Individual Aadhar number

3. You will get OTP on your Aadhar-linked phone number

4. You have to Enter that OTP

5. Now fill out the Registration form

6. Fill all details which are required in the form

7. You can submit your form

8. Again you will receive an OTP

9. Now enter the OTP for final submission

There is no requirement for documents during the filing of the registration form but you have to mention your personal details in the form although there is no need to attach documents. You have to fill in 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 registrations required from the government for approval of a startup. Udyog Registration is the first thing you should do before starting a business because it will give you many benefits, that will help in your small startup.

How Udyog Aadhaar Helps Start-ups

1. The bank will give you a loan easily after obtaining Udyog Aadhar

2. The bank will give you a loan at low-interest rates

3. You can apply for Pradhan Mantri Mudra Bank Loan

4. You can avail the credit guarantee scheme

5. You will get benefits from the Excise and Direct Tax Laws

6. Participation will be easy in international trade fairs after obtaining Udyog Aadhar

7. You will get financial support from the Government when you participate in foreign expos

8. You will get all the subsidies from the government after obtaining Udyog Aadhar

9. Opening current accounts in banks will become easy

10. You will become eligible for all the government schemes.

Now you can see that there are so many ways in which Udyog Aadhaar helps you to start a small startup. Even you can change your Udyog Aadhar. Yes, there is a facility for Udyog Aadhar Update. As you can see there so many benefits after obtaining Udyog Aadhar. Without obtaining it you will not get any benefit from the government schemes. So, It is required for your new startup.

Conclusion for How Udyog Aadhar Helps to Small Startups in India

Nowadays small startup businesses rising because of our Indian Government. As you can see in the introduction of the article our government is implementing policies for small-scale industries, for example, make-in gives rise to small startups. As above mentioned Udyog Aadhar is required to obtain benefits from the government schemes. Indian Government introduced Udyog Aadhar because prior registration under MSME was complicated, now it has become an online process that does not require any documentation.

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 a loan on low rates interest, funding from the government, and other benefits which is mentioned above.