What are the Benefits of MSME New Udyam Registration?
After the pandemic government of India has brought the “Atmanirbhar Bharat” scheme due to the problems suffered by the Indian Citizens. According to which government has a motive to make the Indians Atmanirbhar means Self reliance and to promote the ease of doing business.. In order to make this campaign successful indian government has now launch Udyam Registration.
Udyam Registration is the latest MSME mechanism introduced on 1 July 2020 by the Indian government to simplify the procedure of the old MSME registration system. The term Udyam reflects the Business previously known as Udyog Aadhaar Registration and the process of the enrolment or registration will now be called Udyam Registration .
MSMEs will now be named as "Udyam" , according to the notification circulated by the Ministry of Micro Small Medium Enterprises ( MSME) on 1st June 2020. The MSME registration system Under the name of Udyam Registration will now become easier and simpler. Any business person can register under the Udyam portal just on aadhaar card basis. It creates many opportunities for micro, small and medium-sized enterprises, and helps them achieve their goals.
After the implementation of new MSME Udyam Registration only one company can be registered under the name of a single person. In other words entrepreneurs do not have to register different companies for the purpose of making multiple businesses. This will help the government to promote Ease of doing business and to make Atmanirbhar Bharat campaign successful.
Udyam Registration Benefits Under MSME
Udyam Registration has many benefits but we highlight some of the key points that you should consider before you register under Udyam Registration. Such benefits are offered on the basis of a scheme given by the MSME ministry, and the Udyam registration certificate holder may also take advantage of those benefits.
The new registration process will be fully based on self declaration, online and paperless procedure.
No documents are required for registering under Udyam registration Portal.
Benefits when applying for tenders from the Government.
Income tax and Gst return Subsidy.
Subsidy on Bank loans interest rate.
Subsidy on the registration of patents and barcodes.
Concession on payments of electricity and water bills.
Bank loans are issued without securities at all.
Exports are now free from Company turnover estimates.
An entrepreneur may be covered from delayed payments for products or services.
Eligibility Criteria for availing benefits of Udyam Registration
Someone who belongs to Proprietorship, Hindu Undivided Family (HUF), One Person Company (OPC), Limited Liability Partnership (LLP), Partnership Business, Private Limited or Limited Company, Co-operative Societies or any other group of individuals will easily apply for Udyam Registration benefits.
Our portal offers a single-window system for hassle-free Udyam Registration and do registration on be half of you for making your work easy. So that any business owner, startups & Entrepreneurs do not face any problems regarding registration. If you face any kind of problems regarding Udyam registration, then you are free to reach us at @udyam.org.in.
Last Updated : 29/06/2020 | Total Visitor : 141464
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