The difference between Udyog Aadhar and Udyam is still unclear for many of them, as there are many misunderstandings about what is Udyog Aadhaar and Udyam registration. This blog will clear all your misunderstandings and also give you an idea of the difference between Udyog Aadhaar and Udyam registration/Udyam.
What is Udyog Aadhaar?
Udyog Aadhaar is the name of the Micro Small Medium Enterprise (MSME) Registration Process, generally referred to as Udyog Aadhaar Registration. But this process has now been replaced by the Udyam Registration. It is a modified edition of the updated version.
Udyog Aadhaar Memorandum (UAM) is an interaction under which an industry can be enrolled by you exclusively by filling the one-page structure, which has been controlled by the MSME Department of India. Udyog Aadhaar online enlistment is free.
It is a twelve-digit unique identification number. It is also known as Aadhaar for Business. Till now, more than 48 lakh MSMEs in India are registered under Udyog Aadhaar.
What is Udyam Registration?
Udyam is an online registration established by the Government of India for micro, small-medium enterprises (MSME). MSME Udyog Aadhar Registration was modified by the Indian Ministry of Micro, Small, and Medium Enterprises as Udyam. Aadhaar card number is required for the registration process.
Udyam (MSME) Registration is totally liberated from cost and paperless and it does exclude any on the web or disconnected office. There is just a solitary Government entry for Udyam enlistment…
After the registration, a company is assigned with a permanent identification number on the portal which is known as the Udyam registration number. Completing the registration process the enterprise will get an e-certificate which is called the Udyam registration certificate.
Benefits of Udyam Registration
- Rate of interest Subsidy for bank loans.
- Banks free collateral loans.
- Industrial Promotion Subsidy (IPS) Subsidy Eligibility.
- Protection from delayed fees, material/services rendered.
- In the manufacturing/production industry special benefits reservation policies.
- Facility for registration, licensing, and approval.
- Credit rating subsidy and NSIC performance.
- Patent registration subsidy.
- Subsidy to register the barcode.
- 1% of exemption on interest rates on bank overdraft
- Special 50% discount on Government fees for trademark and patent.
Difference between Udyog Aadhar and Udyam
Udyog Aadhar has a short structure when contrasted with Udyam Registration however on the Udyam Portal there is a long structure and it requires the subtleties from the Income charge and GST for the enrollment cycle.
As you now know the difference between Udyog Aadhaar and Udyam Registration and are willing to apply for Udyam registration you can contact us at +91 7021672451 or you can write to us at help@udyamregistration.org.in, for a hassle-free and super quick registration process.
OUR ROLE IN UDYAM REGISTRATION
Udyamregistration.org.in is a private registration consultant. We help small-scale business owners in getting MSME registration / Udyam registration / Udyog Aadhaar registration online, in a quick and easy way. We started with the simple idea that doing business in India should be easy.
To accomplish our mission, we are building the largest business services platform with a range of business services from incorporation to tax filing.
By making it easier to do business, we hope to unleash Entrepreneurship and help small businesses compete effectively. We help you to register your business anywhere in India to manage legal compliance at your fingertips.
During our journey, we have served Start-up’s and MSMEs across the length and breadth of India, starting from Leh to Tamil Nadu and Gujarat to Arunachal Pradesh.
Get your business registration under the Udyam registration portal and approve it with ease. Our process is a super quick operation, hassle-free, affordable prices, certificates valid for a lifetime, get a free consultation.