14/03/2024 Business Opportunities, Franchise
Why Udyam Re-Registration is important?
Existing MSMEs must re-register for the Benefits of Udyam Registration include tax exemptions, credit access, and subsidies. Registration is free and requires Aadhaar and PAN card numbers. Udyam Registration is a lifetime certificate for availing these benefits provided from government side.
Benefits of Getting Re-Registration Under Udyam
Udyam re-registration certificate offers several benefits to MSMEs in India. Some of the advantages of getting registered under Udyam re-registration are:
Priority sector lending: MSMEs registered under Udyam re-registration can avail priority sector lending from banks at lower interest rates.
Easy access to credit: The Udyam registration certificate acts as a credible document for availing business loans and credit from financial institutions.
Government schemes: MSMEs registered under Udyam re-registration can access various government schemes such as the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), which provides collateral-free loans to small businesses.
Concession in electricity bills: MSMEs registered under Udyam re-registration can avail concessions in electricity bills and other utilities.
Protection against delayed payments: Udyam re-registration certificate holders can file complaints against delayed payments by buyers under the Micro, Small and Medium Enterprises Development Act, 2006.
Access to tenders: MSMEs registered under Udyam re-registration can participate in government tenders and procurements, which are reserved for small and medium-sized businesses.
Overall, getting registered under Udyam re-registration can help MSMEs in India to grow and expand their business by providing them with access to various benefits and opportunities.
Udyam re-registration refers to the process by which micro, small, and medium enterprises (MSMEs) in India update and renew their registration details...
Udyam re-registration refers to the process by which micro, small, and medium enterprises (MSMEs) in India update and renew their registration details...
GeM (Government e-Marketplace) seller registration refers to the process by which vendors or sellers can sign up on the GeM platform to sell their pro...
The process of Udyam registration involves the following steps: Visit the official Udyam registration portal. Udyam re registration. Fill in the requi...
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