To promote the growth of Micro, Small & Medium Enterprises, the government of India makes it mandatory for MSME to register themselves with government and to obtain Udyog Aadhar for availing benefits provided under MSME Development Act. The terminology like MSME, SSI or Udyog Aadhar is one and same thing. In other words, there is only one registration which a micro, small and medium enterprises has to obtain and that is UDYOG AADHAR. MSME is the backbone of the modern Indian economy and is considered as the growth engine for equitable and sustainable economic development of the country. When you register your firm with Udyog Aadhaar , the business can leverage many schemes initiated by State and Central Government. In addition to this, for availing the MSMED Act 2006 benefits in the banking sector. The registration process is a very simple. There is no Govt fee for registration process. Register and built the foundation.
Fulfilment of eligibility conditions.
Concession in the electricity bills
Increased chances of winning government tenders
Reduction in fee for filing patents and trademark registration.
Easy and cheaper bank loans.
Stamp duty and registration charges are waived off.
Reimbursement under the bar code registration
Industrial promotion subsidy
Reduction in the rate of the interest by major banks
Other benefits are:
Authentic proof of your organization
Govt Project or Tender
Any kind of financial Assistance by Govt Agencies
Smaller steps for the larger good.
Payment of Fees
Application Approval And Certificate Issuance
Your business papers.
Business address proof
Partnership Deed/ MoA and AoA.
For firms that are listed in Schedule -III of the Industrial Licensing Exemption Notification, no Industrial license is needed. Every other enterprise must obtain it for the PRC (Provisional Registration Certificate) application.
For the registration and document process, all statutory and administrative clearances need to be obtained such an NoC from pollution board to prove that no restrictions are being violated.
Some of the MSME schemes offered by the government Udyog Aadhaar:
Udyog Aadhaar Memorandum
Zero Defect Zero Effect
Quality Management Standards and Quality Technology Tools
A System for Monitoring the Grievances
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