1) What is Udyog Aadhar? With over 42.5 million units, and comprising over 95% of the industrial establishments in the country, the SME sector is the foundation of India’s economic growth. In fact, it is responsible for 45% of the total Indian manufacturing output. To facilitate the efforts of this sector, the Ministry of Micro, Small, and Medium Enterprises India, in conjunction with the Government of India, launched the Udyog Aadhaar facility. If you’re wondering ‘What is Udyog Aadhaar?’, the answer is simple: It is an identification system, similar to Aadhaar, but specifically for businesses. As an MSME/SME, you can enjoy special Udyog Aadhaar benefits through subsidies as its main purpose is to promote the growth of all businesses registered.
2) Documents required for Udyog Aadhaar new registration When registering for Aadhaar Udyog, the documents required may include:
Personal Aadhaar number
Name of owner
Category of applicant
Name of business
Type of organization
Bank details
Key activity
National Industrial Classification code
Number of persons employed
Details of District Industry Centre (DIC)
Date of commencement
3)Udyog Aadhar Eligibility Business entities that are classified basis their investment in plant and machinery (as per the table below) are eligible to apply for a Udyog Aadhar card.
Enterprise Classification Turnover Threshold Investment Threshold Micro-Enterprise Up to Rs.5 crore Up to Rs.1 crore Small Enterprise Between Rs.5 crore and Rs.50 crore Between Rs.1 crore and Rs.10 crore Medium Enterprise Between Rs.50 crore and Rs.100 crore Between Rs.10 crore and Rs.20 crore