Udyog Aadhar, now mostly referred to as Udyam Registration, is a unique 12-digit government identification number for Indian MSMEs. This registration allows businesses to access benefits from various government schemes tailored for small enterprises.

Udyog Aadhaar registration offers a plethora of benefits, including eligibility for government scheme benefits, credit guarantees, subsidies, and easier access to loans, among other advantages.

The Aadhaar number ensures a unique and streamlined identification of MSMEs. This 12-digit number simplifies the registration process and reduces paperwork, ensuring a seamless experience for business owners.

The NIC code is a six-digit code used to identify businesses in India. It is not required for Udyam Registration, but having it is recommended for accessing government services.

MSMEs, once registered (either through Udyam or earlier with Udyog Aadhaar), can access a range of government benefits. These include subsidized rates of interest on loans, tax breaks, government subsidies, and more. It also makes them eligible for special schemes aimed at promoting and supporting small and medium businesses.