Chartered Accountant
7550 Points
Joined November 2013
Udyog Aadhar is basically a government registration process which provides a registration certificate for your company along with a unique number known as your Udyog Aadhar number. This initiative is especially for SMEs. The goal of Udyog Aadhar is to give businesses maximum access to government schemes.
In order to promote MSMEs, which are the backbone of the Indian economy, the MSMED Act facilitates a lot of schemes, subsidies, and incentives. To be able to benefit from these, you need to get your MSME registered, although it is not compulsory.