Udyog Aadhaar

Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Indian Ministry of Micro, Small and Medium Enterprises beginning in September 2015.[2][3] It is also known as Aadhaar for business.[4] As of July 2018, more than 4.8 million (48 lakh) MSMEs[1] in India are registered under Udyog Aadhaar.[5]

Udyog Aadhaar
Country India
MinistryMinistry of Micro, Small and Medium Enterprises, India
Key peopleGiriraj Singh
LaunchedSeptember 2015 (2015-09)
Status4.8 million MSMEs registered as of July 2018[1]
Websiteudyogaadhaar.gov.in
Politics of India
Federal government
Legislature
Parliament of India

Executive
Judiciary
Elections
  • General elections
Political parties
National coalitions
Federalism
flag India portal

Benefits
  1. Eligibility for participation in the India International Trade Fair.
  2. Stamp duties and registration fees waived.
  3. Barcode registration subsidy.
  4. 15% subsidy under CLCSS technology scheme.
  5. Preference and exemptions when applying for government tenders.
  6. Concessional electricity bills.
  7. Reimbursements for ISO certification.
  8. 1% exemption on OD (overdraft loan) interest.
  9. Optimal loan limit increased to Rs. 5 million (50 lakh).
  10. Guarantee cover increased from 75% to 80%.
  11. Reservation of products for manufacturing by MSMEs/SSIs.
  12. Eligibility for IPS subsidy.
  13. Excise Exemption scheme.
  14. 50% subsidy for patent registration.

[6]

Documents Required for Udyog Aadhaar
  • Aadhaar card or Aadhaar Enrolment ID slip[7]
  • Bank passbook with photograph
  • Voter ID card
  • Passport
  • PAN card
  • Driving license
  • An employee ID card issued by the Government (if any)
  • Caste certificate (for SC, ST, and OBC category)

Criticisms

Companies registered under Udyog Aadhaar are often noted for their poor productivity; both capital and labour productivity per unit of output are low compared to bigger firms. This indicates that Udyog Aadhaar has failed to augment technological adoption for MSMEs.[8]

See also

References
  1. "48 lakh MSMEs registered on Udyog Aadhaar portal". The Hindu Business Line. 18 July 2018. Retrieved 26 May 2019.
  2. "Aadhaar-like ID number for businesses in the works". The Economic Times. 2 February 2018.
  3. "Govt to ask Micro Small Medium Enterprises to obtain Udyog Aadhaar". Indian Express. 22 July 2018.
  4. Pai, T.V. Mohandas; Pai, Siddharth (6 February 2018). "Budget 2018 analysis: muted ecstasy and tempered agony". The Hindu.
  5. "Govt to ask MSMEs under GSTN to obtain Udyog Aadhaar to avail benefits of various schemes". Firstpost. Press Trust of India. 22 July 2018.
  6. "Udyog Aadhaar: 25 Benefits of Registering Aadhaar for your Business".
  7. "Udyam Registration : Zero cost, No Fee and Free Registration of MSMEs. This is official website of Govt. of India, Ministry of MSME. No other website/portal/app is official. MSMEs are requested to do MSME Registration here only". udyamregistration.gov.in. Retrieved 29 August 2022.
  8. "Is small beautiful? A critical evaluation of MSME policy and performance in India". Ideas For India. Retrieved 7 July 2022.


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