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Difference Between Udyog Aadhar And MSME Registration

You should be confused about the difference between the Udyog Aadhar and MSME Registration. Let us look at the features, procedures and benefits of Udyog Aadhar registration and MSME registration.


What is Udyog Aadhar?

Udyog Aadhaar is basically a government registration process, which provides a registration certificate for your company, as well as a unique number known as your Udyog Aadhaar number. This initiative is specifically for SMEs. The goal of the Udyog Aadhar is to provide businesses with maximum access to government schemes.

Benefits Of Udyog Aadhar Registration

  1. One of the main benefits of Udyog Aadhaar Registration is that you can take advantage of many government schemes such as micro business loans, unsecured MSME loans, concessional rates, easy loans etc.

  2. Opening current bank accounts will remove the problem.

  3. One of the major Udyog Aadhar benefits you can enjoy is the exemption on excise and indirect taxes.

  4. You will be able to file for trademarks and patents at a reduced rate.

  5. You will also get concessions on your electricity bills.


What is MSME Registration?

To promote MSMEs, which are the backbone of the Indian economy, the MSMED Act facilitates many schemes, subsidies and incentives. To be able to benefit from them, you will need to register your MSME, although this is not mandatory.

Benefits Of Udyog Aadhar Registration

  1. Access to all state and central government schemes.

  2. Easy access to subsidies, MSME loans, various types of business loans etc.

  3. Tax exemption benefit.

  4. Access to government tenders opened specifically for MSMEs.

  5. Registration of patents at low cost.

  6. Preference for government license and certificate.