What Is The Difference Between Udyog Aadhar & MSME Registration?

MSME stands for Micro, Small, and Medium Enterprises. They are the backbone of Indian economy and an engine for the growth and development of our country. Therefore, the government has launched several schemes, subsidies, and incentives to promote MSMEs through the MSMED Act. To avail these benefits, MSME registration is required. Nevertheless, many business owners are often confused between Udyog Aadhar registration and MSME registration. In this blog, we shall discuss the difference between the two.

How To Do MSME Registration

MSME registration is not a compulsory registration under the MSMED Act. It provides MSMEs, a host of benefits and access to schemes and subsidies. Micro, Small, and Medium Enterprises, Proprietor firms, LLPs, and private and public limited companies can register themselves with the Act. The benefits of registration are as follows:

  • Enterprise gets access to all central and state government schemes.
  • Helps MSME to have an awareness of all the government schemes.
  • Easy access to a business loan, subsidies, etc.

Therefore, to avail these benefits, one can register one’s business under the Act.

Top 25 Benefits Of Business Registration With Udyog Aadhar

How To Get Udyog Aadhar Registration Done

It is a one-page registration form where the applicant self-declares his business existence, bank account details, Aadhar number, and other required details. There is no fee to fill the form. On the submission of the form, Udyog Aadhar Acknowledgement will be generated and mailed to the email address of the applicant. The Acknowledgement form will contain the unique UAN – Udyog Aadhar Number.

Difference Between MSME Registration & Udyog Aadhar Registration

Well, MSME registration and Udyog Aadhar Registration both are similar but different. Udyog Aadhar is just an easy way of acquiring MSME registration. Udyog Aadhar Registration is an online method by which an MSME can get the 12-digit Udyog Aadhar Number. And, later go for MSME registration. Therefore, one can say that both are different. But Udyog Aadhar registration is the new way of getting MSME registration.

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