UdyogAadhar or MSME registration is a certificate that is provided to micro, small and medium sized businesses in India under the MSME Act, 2006. UdyogAadhar used to be referred as MSME registration earlier.
Lately, then process has been merged with UdyogAadhar registration and the application can be made online. The primary objectives of the Micro, Small, and Medium Enterprises concerning the UdyogAadhar registration are as follow:
To enable the micro, small and medium enterprises to compete with international competition efficiently;
To promote the growth of micro, small and medium enterprises on a large scale to effectively tackle the widespread problems of unemployment and poverty;
To extend the benefits of various government scheme at one stop to the SSI units;
To safeguard SSI from financial harassment in the hands of big industries.
It is not mandatory for all businesses to obtain UdyogAadhar registration. Only the entities mentioned below that are classified as a micro, small or medium enterprises as per the table below based on the investment in plant and machinery is eligible for UdyogAadhar.
Classification
Manufacturing Sector
Micro Enterprises
Upto Rs.25 lakhs in plant and machinery
UptoRs. 10 lakh investment in Equipment
Small Enterprises
Upto Rs.5 crore investment in plant and machinery
UptoRs. 2 crores investment in Equipment
Medium Enterprises
UptoRs. 10 crore investment in plant and machinery
