As SSI’s/MSMEs plays a very important role in the socio-economic development of India the government introduced the MSMED Act in 2006 to promote and encourage these industries. MSMED Act emphasized the following while Udyog Aadhar Registration.
A person who is registering under MSMED Act can enjoy different governmental schemes. Some of the important benefits are:
Here is the list of Udyog Aadhar Documents that are required by you to obtain the UDYOG AADHAAR GST registration:
- Form 32
- Form 18
- Incorporation Certificate
UDYOG AADHAAR Memorandum is a self-declaration registration form. In this form, the applicant has to certify the MSME existence and provides certain information such as AADHAAR details, bank account details of the owner and so forth.
Once the UDYOG AADHAAR memorandum is furnished successfully an acknowledgement form is issued to the applicant on his registered e-mail ID containing the UDYOG AADHAAR Number (UAN).
All the banks in India have recognized MSMEs/SSIs and have made special schemes for these industries and enterprises. This scheme may include prioritizing lending to these sectors or/and lower interest on the sanctioned bank loan.