Q. What is Udyog Aadhar/MSME number?

Ans. Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises in India. It is also known as Aadhaar for Business.

Q. What is Udyog Aadhaar Memorandum (UAM)?

Ans. UAM is a one-page registration form in a self- declaration format.

Q. What is MSME?

Ans. MSME stands for Ministry of Micro, Small and Medium Enterprises.

Q. What are the benefits avail to udhyog aadhar?

Ans. 50% reduction in fee for filing patents and trademarks, Credit guarantee scheme, Protection from delayed payments, Loans without guarantee, low-interest rates on loan, Subsidies, Concession in electricity bills, exemption provided when applying for government tenders.

Q. At what stage of business do I apply for MSME?

Ans. MSME (UA) is for running units only. There is no need to apply for upcoming units.

Q. What is the time taken to register an MSME?

Ans. The time taken to issue a MSME registration is too quick if all the mandatory fields in the form are filled correctly, it is issued in a day.

Q. What is the main points/features of MSME registration?

Ans.

• This registration also called Udhyog Aadhar registration because this is Aadhar based registration.
• Registration is to categories industries into Micro, Small & Medium category.
• Industries registered under MSME receive special benefits like easy business loan etc. from government.
• Registration is for boosting small-scale businesses in India by government.
• Registration is fully on simple online mode with no documents.

Q. What is the new definition of MSME based on turnover and investment?

Ans. Defination can be checked at https://www.filingdigits.com/blogdetails/new-definition-of-msme--micro--small---medium--enterprises-based-on-turnover-and-investment