What is aadhaar udyog?
EPF is one of the major savings channels in India for almost all people employed in government, private, or public sector organizations. It is being initiated by the Employees Provident Fund Organization (EPFO) of India.
Companies with workforce strength of 20 or more are expected to register with the PF Agency. The capacity of 20 involves contract staff, such as housekeeping, security, or other contract workers in the company. Companies that do not have an authorized number of employees but are willing to register to provide the benefits of the Provident Fund to their employees may register voluntarily with the Regional Provident Fund Office. Registration must be made within one month from the date of the hiring of 20 employees. Any delay could lead to a penalty.
Registration Process :
The owner of SMEs must complete a one-page form which can be made online or offline. SMEs (small and medium businesses).
If you plan to register in more than one sector, you can choose to register individually.
The presence of MSME, business activities details, bank accounts, ownership, and jobs data, and other information must therefore also be authenticated.
The person must apply his self-certified certificates during this registration process.
No registration fees are mandatory for this process as stated above.
After completing and uploading the same information, the registration number would be created and mailed to the UAM email address that should contain a single UAN (Udyog Aadhaar Number).
Benefits of aadhaar udyog :
The applicant will be provided with benefits from all government schemes after registering his MSME, such as easy loans, loans with no guarantees, loans with subsidized interest rates, and so on.
Financial aid will be provided to applicants for their goods to compete in exhibitions abroad.
The nominee is also eligible for public subsidies.
Registration would make it easier for the company to open its current bank accounts without hassle.
It will also encourage companies to apply for micro-enterprise government loans and other related benefits.
*The sector is now structured and systematized to the fullest benefits for entrepreneurs with two lakh registered enterprises under the category MSME.*
