There are numerous benefits of registering and getting Udyam certificate for your business, here we have mention 16 benefits of Udyam registration.
These benefits are listed out as per the schemes offered by the Ministry of MSME for the development of micro small and medium business enterprises in India. The same benefits can also be availed by the Udyam registration certificate holder and prove to be advantageous for them.
Interest rate Subsidy on Bank loans
Collateral free loans from banks
Protection against delayed payments, against material/services supplied
Special beneficial reservation policies in the manufacturing/ production sector
Ease of obtaining registrations, licenses, and approvals.
MSME Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
International trade fair special consideration
Government security deposit (EMD) waiver (Useful while participating tenders)
Electricity bills concession
Stamp duty and registration fees waiver
ISO certification fees reimbursement
Direct tax laws rules exemption
NSIC performance and credit rating fees subsidy
Patent registration subsidy
Barcode registration subsidy
Industrial Promotion Subsidy (IPS) Subsidy Eligibility
Qualification for Udyam
Each kind of business element is qualified to acquire the Udyam registration certificate.
Proprietorship
Hindu Undivided Family (HUF)
One Person Company (OPC)
Partnership firm
Limited liability partnership (LLP)
Private limited or limited company
Co-operative Societies or
Any association of persons
Turnover & Investment in plant and machinery or equipment the following criteria is declared by the Ministry of MSME.
Microenterprise units : Enterprise with investment up to Rs 1 crore with a turnover of less than 5 crores will now be called small enterprise units.
Small enterprise units : Enterprise with investment up to Rs 10 crore with a turnover of less than 50 crores will now be called small enterprise units.
Medium enterprise units : Enterprises with investments up to Rs 50 crore with a turnover of less than Rs 250 crore will now be called Medium units.
Team – Intellex Strategic Consulting Pvt Ltd
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