One will get to enjoy a number of advantages after registering his/her business and by obtaining Udyog Aadhar.
Depending on your business, you may enjoy an excise exemption scheme as well as exemption from certain direct taxes in the initial
MSMEs can get concessions in their electricity bill.
MSME registered companies don’t need to pay security
There is a 50 % subsidy in patent registration for the MSMEs
There is a 50 % subsidy in trademark registration for the MSMEs
An MSME can ask for reimbursement for the charges of ISO certification.
You will get an exemption when your enterprise applies for government tender
Under the Industrial promotion plan, the MSMEs enjoy a lot of subsidies when they wish to improve their equipment.
The main question that a number of newbie entrepreneurs have in their mind is what Udyog Aadhar really is. If you are also looking for an answer to this question, you are in the right place as you will finally get an answer here. Udyog Aadhar is nothing but a government registration that is provided along with a recognition certificate and a unique number in order to certify small/medium businesses or enterprises.
The central motive behind the launch of this facility was to offer a way to the government to provide the maximum benefits to medium or small-scale businesses or industries in India, who are registered via MSME through their Aadhar Card Number. The owner, director or proprietor of the entity will provide his/her 12-digit Aadhar Number, whether the enterprise or entity is a sole proprietor, an LLP, a Private limited company or anything else. It should have the recognition certificate provided via the MSME registration process.
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Any business person, having a valid Aadhaar Card number, can apply for Udyog Aadhaar certificate.
After the filing of the Udyog Aadhaar application form, one will receive the Certificate soon at their given mail.
Udyog Aadhaar are recognized by all the banks and financial sector. Special schemes are formed to get recognition, so bank prefer those who are registered under the Udyog Aadhaar scheme. Interest rates are also much lower than the other normal cases.