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Benefits of Udyam/MSME/Udyog Aadhar Registration In India

The Indian government has always been in favour of providing benefits to Micro, small and medium enterprises (MSMEs). There are many advantages of obtaining Udyam registration in India, which can be only availed if the business had registered itself as an MSME/SSI under MSME Act. The following are a few advantages or obtaining Udyam/SSI/MSME registration in India:

Industrial Promotion Subsidy Eligibility

Enterprises registered under MSME are also eligible for a subsidy for Industrial Promotion as suggested by the Government.

Subsidy on Patent Registration

A hefty 50% subsidy is given to the Enterprise that has the certificate of registration granted by MSME. This subsidy can be availed for patent registration by giving application to respective ministry.

Overdraft Interest Rate Exemption

Businesses or enterprises registered under MSME/Udyam can avail a benefit of 1% on the Over Draft as mentioned in a scheme that differs from bank to bank.

Bank Loans (Collateral Free)

The Government of India has made collateral-free credit available to all small and micro business sectors. This initiative guarantees funds to micro and small sector enterprises. Under this scheme, both the old as well as the new enterprises can claim the benefits. A trust named The Credit Guarantee Trust Fund Scheme was introduced by the GOI(Government Of India), SIDBI(Small Industries Development Bank Of India) and the Ministry of Micro, Small and Medium Enterprise to make sure this scheme is implemented (Credit Guarantee Scheme) for all Micro and Small Enterprise.

Fewer Electricity Bills

This concession is available to all the Enterprises that have the MSME Registration Certificate by providing an application to the department of the electricity along with the certificate of registration by MSME.

ISO Certification Charges Reimbursement

The registered MSME enterprises can claim the reimbursement of the expenses that were spent for the ISO certification.

Procedure to avail Udyam Certificate

Fill Up Udyam/MSME/Udyog Aadhar Application Form

Make Online Payment

Executive Will Process Application

Receive Certificate On Mail