MSME Registration or UdyogAadhar
MSME registration or UdyogAadhar is provided to the micro, small, and medium-sized businesses in India that comes under the Micro, Small, and Medium Enterprise Development Act, 2006 (MSMED).
Earlier, UdyogAadhar used to be recognized as MSME registrations. Now the process has been merged, and an application can be made online. The main objectives of the MSME department concerning providing UdyogAadhar registration are as follows:
To enable the micro, small and medium enterprises to compete with the international competition efficiently; To promote the growth of micro, small and medium enterprises on a large scale to tackle the problems related to unemployment and poverty effectively.
To extend the benefits of various government schemes at one stop to the SSI units. To safeguard the small-scale industries from financial harassment in the hands of the big industries.
Eligibility for UdyogAadhar
Only the entities that are classified as micro, small or medium enterprises are eligible for UdyogAadhar.