Udyog aadhar registration

  The Ministry of MSME, through the MSME Act, has laid down a framework to promote micro, small and medium enterprises and provide required support for their sustenance and growth. In order to do so, it has created a National Industrial Classification for all economic activities carried out by businesses across India. This National Industrial Classification which is commonly known as NIC Code was created in partnership with the Central Statistical Organization which operated under the Ministry of Statistics and Programme Implementation. The current version of the National Industrial Classification being used was developed in 2008, whereas this task initially commenced in 1960 various versions have been used till date. The latest version currently used was adopted in 2008. The structure of the NIC Code is primarily divided into 3 groups: 1 Primary Production This consists of Agriculture and Mining related activities. 2 Secondary Production This consists of Manufacturing and Construction

In order to help small businesses start, sustain and grow the Ministry of Small, Medium and Micro enterprises has laid down a system through its MSME Act 2006. This system facilitated their registration via MSME Registration upon which the database was extensively used by the government mechanism to provide support to small, medium and micro businesses across the country. Further, to easy the process of registration the ministry introduced Udyog Aadhar which was a replacement to the old system of offline registration process. It enabled MSMEs to avail simple and easy registration online using just their Aadhaar card information. It was an instant hit within all MSMEs and the financial and allied institutions also obtained the same smoothly to help MSMEs avail various benefits passed on to them. With effect from 1st July 2020, the ministry of Micro, Small and Medium Enterprises has discontinued the previously known system of  Udyog Aadhaar Registration & MSME Registration  and has i