Udyog Aadhar or Aadhar for business is a 12-digit Unique Identification Number.
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Udyog Aadhar or Aadhar for business is a 12-digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises and Government of India to small and medium enterprises on registration of their business.
It was primarily introduced in the year 2015 to ease the process of registration for these enterprises as prior to the Udyog Aadhar, the registration process was tedious and paper-heavy and required separate registration for both small industry and MSME.
The registration process involved submitting almost 11 different forms along with the necessary attested certificates under the system of EM-I/II (Entrepreneur Memorandum).
Along with that, Udyog Aadhar also promotes the growth of small and medium enterprises by providing benefits such as bank loans at a lower rate, concession and rebates on tariffs, eligibility of government subsidies and setting up of business at lower costs etc.
Udyog Aadhar Certificate is a recognition certificate issued when micro, small and medium enterprises register their business for Udyog Business.