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Udyam Registration benefits

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  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. 1.      Claim stamp duty and registration fees waiver. 2.    Exemption of 1% interest rate on Overdraft. 3.    Can avail subsidy from NSIC and credit ratings & Eligible for IPS subsidy. 4.    Reimbursement on the payment made for obtaining the ISO certificate. 5.     Reservation of products for exclusive manufacturing by MSME and SSI. 6.    Avail Excise Exemption Scheme. 7.     Avail exemption while applying for government tenders. 8.    Exemption under direct tax laws. 9.    Enjoy easy bank mortgages and Bank Business Loans 10.        

What is Udyog Aadhaar Registration?

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  Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises, beginning in September 2015. It is also known as Aadhaar for Business Ø With effect from 1st July 2020, the process of registration of Udyog Aadhar is known as Udyam Registration. Ø Udyog Aadhar is a government registration provided with a recognition certificate known as Udyog Aadhar Certificate. Ø You can file more than one Udyog Aadhar with a similar Aadhar number. Ø You require Aadhar number, Industry name, Address, Bank details etc. for Udyog Aadhar Registration. Ø Udyog Aadhar provides benefits like easy registration process, bank loans at a lower rate, rebates on tariffs, eligibility of government subsidies and setting up of business at lower costs etc. UAM (Udyog Aadhaar Memorandum) Udyog Aadhaar Memorandum is the registration form wherein the MSME certifies its existence, and p

What is Udyam Registration?

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  As per notification of MSME dated 26.06.2020, Udyam Registration is the new process of MSME/UDYOG AADHAAR Registration launched by the Ministry of Micro, Small and Medium Enterprises effective from July 1, 2020. With a new Udyam registration certificate, the government of India validates the existence of the business. And all the business associated with the Udyam can avail numerous benefits derived from the various relief schemes offered by the Ministry of MSME for the protection and growth of small businesses in India. Udyam Registration is a new online replacement of Udyog Aadhaar registration for small and medium enterprise businesses in India. This new Udyam registration for business and enterprise owners makes the process more simplify and will get an e-certificate of recognition and a unique number. For getting micro, small-medium business enterprises registered under the Ministry of MSME. The Government Udyam Registration's main objective is to provide single-page

Documents required for MSME registration

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  Following Documents Required for MSME/Udyam/SSI/Udyog Aadhar Registration : Ø ADHAR card of the Applicant (Proprietor/ Partner / Director) Ø Name of Applicant Ø Caste Ø Business Name Ø Type of Business Entity Ø Address of the Plant Ø Address of the Office Ø Date of Commencement of the Business Ø Bank Details (Account No. and IFSC code) Ø Business Activity Details Ø Number of employees Ø Investment in Plant and Machinery and Equipment Ø Photo and Id Proof of Applicant Ø Mobile No. of Applicant (Linked with ADHAR) Ø Email Id for OTP Verification For More Details Contact Us: Contact No. 9112211457 Email: help@msmeregistration.org Website: https://www.msmeregistration.org/

New Classification Of MSMEs

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  Government of India enacted Micro, Small and Medium Enterprises Development Act, 2005 ( MSME Act ) under which classification of  micro, small and medium enterprises ( MSME )  was dependent on two factors: 1)      Investment in plant and machinery; and 2)    Turnover of the enterprise. It is also pertinent to note that different thresholds were prescribed for being classified as an  MSME  based on the aforesaid factors, for enterprises engaged in manufacturing and services sector. However, recently, under Aatmanirbhar Bharat Abhiyan ( ABA ) , Ministry of Micro, Small and Medium Enterprises, vide its notification dated June 1, 2020, revised MSME classification by inserting a composite criterion for both investment in plant and machinery and annual turnover of enterprises. Also, the distinction between the manufacturing and the services sectors under erstwhile  MSME  definition has been done away with. This removal will create parity between the sectors. A comparison of the er

Importance of Udyam / MSME/ Udyog Aadhar Registration in India

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  Click here to know about MSME. In agreement with the Micro, Small and Medium Enterprises Development (MSMED) Act of 2006, the Government of India has introduced MSMEs or Micro, Small, and Medium Enterprises. These companies are primarily engaged in the manufacture, production, processing or preservation of products and commodities.   In a nation like India, MSMEs play a critical role in the country's social growth and economic development. MSMEs in India are also making a major contribution to India's production, transport, employment and enterprise units. The MSME sector is also popularly known as the Small Scale Industry (SSI) in India.   Benefits of   Udyam   / MSME/ Udyog Aadhar Registration Following are the Benefits of Udyam/ MSME/ Udyog Aadhar Registration :     It Helps businesses to apply for numerous services which are offered by the Government.     Provides identity without a fee to the concerned business as an MSME unit.   Helps prioritize MSMEs to