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Benefits of MSME Udyam Registration

Download the PDF: http://bit.ly/3EutgIu What are the Benefits of Udyam Registration The term Udyam means Enterprise in English. MSME Registration is known by various names such as SSI Registration, and Udyog Aadhar Registration and now from 1st July 2020, it is named Udyam Registration. The Udyam registration for MSMEs can be performed completely online with just Aadhaar and is based on self-declaration, as per a notification issued by the MSME ministry. Any person who intends to establish micro, small, or medium businesses will have to file for Udyam registration in the online Udyam Registration Portals. The business will subsequently be issued an Udyam Registration Number and an e-certificate namely, ‘Udyam Registration Certificate’. Benefits of Udyam Registration Udyam registration online offers entrepreneurs to avail incredible advantages under the current MSME scheme of the Indian Government. We shall see the entire benefits of being MSME Registered. One of the ways plenty of Small scale businesses are getting benefited is by way of getting protected from delayed payments SMEs can avail loans from Bankers without any collateral security. The Government of India initiated various schemes and reforms to upgrade small-scale business entities through this Udyam certificate, which allows to avail of credit without collateral. The registered Udyam holder can avail of subsidy from National Small Industries Corporation Limited (NSIC) and credit ratings & Eligible for Industrial Promotion(IPS) subsidy. Udyam registration helps in getting government tenders. Micro, small and medium owners can take part in Government tender auctions. They can easily avail of exemption while applying for government tenders. A registered MSME holder can Reimburse the amount spent for obtaining the ISO Certification. A Registered Udyam holder is also entitled for getting a subsidy on the Patent Registration processing fee. Enterprises registered as Udyam under the Ministry of Micro, Small and Medium Enterprises are eligible to get benefits on the overdraft as part of the Credit Guarantee Trust Fund Scheme. Due to the Udyam, the bank loans become cheaper as the interest rate is very low (Upto 1.5% lower than interest on regular loans Registered Udyam gets tariff subsidies and tax and capital subsidies. Not only that, It provides complete relief from taxes, reduced rates, or tax on only a portion of items. The business owner who has Udyam Registration can get a concession on Electricity bills. This would be more useful for manufacturers and small-scale industries. With the help of this new Udyam registration, commercial organizations are eligible to apply for Government Licenses, certificates, and approvals easily. http://leintelligensia.com/udyam-regi...