Top Benefits of Udyam / Udyog for MSME

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Udyam Aadhaar, formerly known as Udyog Aadhaar, is a twelve-digit unique identification number issued by the Ministry of Micro, Small and Medium Enterprises (MSME) of the Government of India to small and medium-sized enterprises (SMEs) in India. , Introduced on July 1, 2020, it aims to streamline the registration process for MSMEs and enhance the business environment in India. The Enterprise Registration Certificate verifies that the enterprise is eligible to access government incentives set out for MSME.

Benefits of Udyam / Udyog

Udyam Aadhaar registration provides many benefits to micro, small and medium-sized enterprises (MSMEs) in India. Some of these benefits include:

There will be no need for renewal of Udyam registration.

Udyam Aadhaar offers a simple and online registration process, allowing MSMEs to enroll easily without any hassle.

Listed MSMEs can avail the benefits of various government schemes, subsidies and support initiatives aimed at promoting the expansion and growth of small enterprises.

The Udyam platform is linked to the Income Tax Portal, GST Identification System and Government e-Marketplace.

Udyam registration enables access to cost-effective bank loans at low interest rates.

Businesses registered with Udyam become eligible for the Credit Linked Capital Subsidy Scheme.

Some states give concessions on electricity bills to enterprise-registered enterprises, thereby reducing operating costs.

Registration under Udyam can increase market access and credibility for small businesses, as it shows compliance with government regulations.

Udyam-registered businesses may receive promotional and marketing assistance from government agencies to increase visibility and market reach.

MSMEs enrolled under Udyam qualify for a variety of tax benefits, such as exemption from direct tax rules and lower fees for patent registration.

Registration with Udyam guarantees legal protection under the Micro, Small and Medium Enterprises Development (MSMED) Act.

Features of Udyam Registration Certificate

Here are some fretures of Udyam Registration certificate :

Every enterprise registration certificate contains a unique identification number (UIN) assigned to the registered enterprise. This number serves as a reference for government officials and other stakeholders to verify the registration details.

The Udyam registration confirms that a business is classified within the MSME category.

Udyam Registration Certificate is an electronic certificate which is issued to the entrepreneur through email upon completion of the online registration process.

No enterprise shall file more than one enterprise registration.

Note : You can also apply for Udyam Aadhaar registration on Web Online CA.