There are many concepts that are getting introduced to ensure better working and execution of tasks. Have you ever heard about udyog? This is one o the concepts that are proving useful for many people.
Well, the idea behind introducing this concept of udyog aadhar was to simplify the complete procedural format that business owners had to undergo to register their company or business under micro small medium enterprise or MSME. Before the emergence of this aadhar, the procedural format for this was somewhat hectic and a time-consuming bureaucratic procedure that used to need handling of lots of paperwork. However, with the emergence of udyog, things have changed for better and to some extent, have enhanced for medium, small and even that of micro-enterprises.
The point is clear, in case you own a medium, small or even micro-enterprise and you have not done registration of your msme yet, you must know that on registering your MSME through uam, you would be liable to relish plentiful benefits. It might interest you that before the emergence of the uam system, there was a former system of em-i/ii (entrepreneur memorandum). Under such a system, entrepreneurs used to choose for a heterogeneous system.
Some of them used to depend on the national portal, and some of the states had their own separate portal for carrying out MSME registration. Additionally, there were various who used to depend totally on manual paperwork. However, things have now changed after the replacement of this old system.
What is Udyog type of aadhar?
This aadhar is nothing but just a government registration that is catered along with a recognition certificate and a unique number. It is to certify small/medium businesses or that of enterprises. The chief motive behind the launch of this facility was to cater a way to the government to offer the maximum benefits to medium or small-scale companies, business or industries in India, who are registered through MSME via their aadhar card number.
The owner, director or that of the proprietor of the entity is going to provide his/her 12-digit aadhar number, whether the enterprise or entity is a single proprietor, an LLP, a private limited company or anything else. It must have the recognition certificate provided through the MSME registration process.
Who must get this aadhar?
Nearly every type of business entity might obtain this aadhar, no matter it is Hindu undivided family, proprietorship, one-person firm, partnership firm, limited company, production company, private limited company, co-operative societies, limited liability partnership or that of any association of persons or any other undertaking. But you must know that there are a set of standards that an entity must fulfil to be classified as a medium, small or even micro-enterprise for getting the MSME registration.
In case you own a company or an enterprise, you should check in case your entity can be classified as a medium, small or that of micro-industry under the criteria given in the msmed act, 2006 to check out your eligibility.
Conclusion
So, since the gdp of India always changing and there are so many advancements getting done; make sure that you make the most of everything. Don’t miss out on this udyog concept for your undertaking.
