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What is Udyog Aadhar Benefits?  - IndiaFilings Last updated: October 30th, 2024 2:56 PM

What is Udyog Aadhar Benefits?

Udyam Registration (earlier known as Udyog Aadhar) is a government registration process that certifies MSMEs with a unique identification number and a certificate. The sole motive behind the launch of the Udyam Registration was to grant benefits to all the MSMEs registered under this process. If you own a medium, minor, or micro-enterprise, you should consider registering your MSME via Udyam Registration to reap countless Udyam Registration benefits.

What is Udyog Aadhar?

Aadhar Udyog, now known as Udyam Registration, is a unique identification system introduced by the Indian government to simplify the registration process for Micro, Small, and Medium Enterprises (MSMEs). This Aadhar Udyog registration provides businesses with a unique 12-digit identification number, allowing them to access various government schemes, subsidies, and financial assistance programs aimed at supporting MSME growth. Udyog Aadhar, which requires minimal documentation, has made it easier for small businesses to gain formal recognition and avail benefits such as easier loan approvals, lower interest rates, tax exemptions, and eligibility for government tenders. The initiative promotes transparency and inclusivity within India