Benefits of Udyam Registration

 

BENEFITS OF UDYAM REGISTRATION

 

What is Udyam Registration?

Udyam registration is a new system introduced by the Ministry of Micro Small Medium enterprises to assign status of micro, small or medium to enterprises in India. Government has various schemes & plans for development of MSME. Hence to implement these schemes & plans government need to verify the status of enterprises. 

Hence by introducing Udyam registration system, government can easily identify the updated status of enterprise. Whether fall under micro, small or medium category & accordingly provide the benefit to enterprise.

Hence we can say in simple words Udyam registration is a system developed by government to identify the updated status of each enterprise.

Government provides various benefits to MSME for development of this sector. Hence all the benefits available to MSME can only be obtained after registration under Udyam.

 

All benefits available to MSME are the benefits of Udyam Registration, MSME benefits can be obtained only after Udyam Registration, which are as follow:

Various schemes are being run by Central & State government and to grab the benefits of these schemes Udyam Registration is must.

1. If you file application for Trademark registration & also registered as MSME then discount of 50% available in applicable fee.

2. If you file application for patent registration then also subsidized fee is payable.

3. Every company registered in India is require to report to ROC if make delay of more than 45 days in payment to MSME, hence if you are registered then you will get payment without delay.

4. Government also provide collateral free loan to MSME & also provide guarantee for MSME.

5. Banks provide loan to MSME at discounted rate, hence if you are registered under Udyam then rate of interest chargeable for loan will be reduced.

6. Exemption of 1% interest rate in overdraft.

7. Government provides a quota for MSME under some tenders issued. Hence higher chance of getting tender if registered under Udyam.

8. NSIC Registration benefits.

9. Fee paid for obtaining ISO registration is also reimbursed.

10. Waiver in security deposit in Government tenders.

 

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