Difference Between Udyog Aadhaar & Udyam Registration
Many people are still confused about what is the difference between Udyog Aadhaar and Udyam registration don't worry please read our full article.
The MSME sector is the backbone of the Indian economy, contributing significantly to employment generation and GDP growth. The government has launched various schemes and initiatives to support the development of this sector. One such initiative is the Udyog Aadhaar registration process, which was launched in 2015. Nevertheless, the Udyam Registration process has replaced the Udyog Aadhaar registration process.
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 But this process has now been replaced by the Udyam Registration.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.
What is Udyam Registration?
Udyam is an online registration established by the Indian Government for micro, and small-medium enterprises (MSME). MSME Udyog Aadhar Registration was modified by the Indian Ministry of Micro, Small, and Medium Enterprises as Udyam. Udyam registration is required with the Aadhaar number.
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Difference between Udyog Aadhaar and Udyam Registration
For many of them, the difference between Udyog Aadhaar and Udyam Registration is still not clear, as there are many misconceptions about what is Udyog Aadhaar and Udyam Registration. Here are some differences between the two:
Registration Process: The structure of Udyog Aadhaar is smaller compared to Udyam Registration. However, on the Udyam portal, there is a lengthy structure, and it requires the specifics of income tax and GST for the enrollment cycle.
Verification: Udyog Aadhaar is not integrated with any other government portal, but Udyam Registration is fully integrated with government portals like GeM.
Authentication: Udyog Aadhar provides instant self-certification as per the old MSME norms, while Udyam Registration provides verified authentication as per the new MSME norms.
Benefits: Udyam Registration offers more benefits than Udyog Aadhaar, such as interest-subsidized rates for bank loans, bank collateral-free loans, Industrial Incentive Subsidy (IPS), subsidy eligibility, protection from late fees, materials provided/ Services, Special Benefits Reservation Policies Facilitation of Registration, Licensing and Approval in Manufacturing/Production Industry, Credit Rating Subsidy and NSIC Performance, Patent Registration Subsidy, Subsidy to Register Barcodes, 1% rebate on interest rates on bank overdraft, Special by Govt. 50% off fees for trademarks and patents.
Identification Number: Udyog Aadhaar provides a 12-digit unique identification number, while Udyog Registration provides a permanent identification number on the portal known as Udyam Registration Number (URN).
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 and 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.
Who are You?
udyamregisteration.org/ is a private registration consultant that offers ISO-certified support to organizations to obtain and collect the registration of MSME/Udyam/Udyog Aadhaar online and MSME Udyam certificate. We have over 7 years of experience in the registration of micro small medium enterprises under the MSME Ministry.
Here we have made it easy to print the udyamregisteration.org/ MSME Udyam certificate and fill in the basic application form to get the Udyam registration online.
Finally, Udyam Registration is a new and improved registration process for MSMEs that has replaced the earlier Udyog Aadhaar registration process. Udyam Registration offers more benefits than Udyam Aadhaar and is fully integrated with government portals like GeM. It provides verified authentication as per the new MSME norms and a permanent identification number on the portal known as the Udyam Registration Number(URN). If you are an MSME, it is recommended that you register under the Udyam Registration process to avail the benefits provided by the government.