There are many benefits of Udyam Registration



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.Bank loans become cheaper as the interest rate is very low (Up to 1.5% lower than interest on regular loans
11.Becomes easy to get licenses, approvals and registrations, irrespective of field of business as business registered under Udyam are given higher preference for government license and certification.

12.Registered Udyams gets tariff subsidies and tax and capital subsidies
13.Interest rate Subsidy on Bank loans
14.Protection against delayed payments, against material/services supplied
15.Ease of obtaining registrations, licenses, and approvals.
16.MSME Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
17.Subsidy is available for Patent registration
18.Industrial Promotion Subsidy (IPS) Subsidy Eligibility
19.One can avail 100% Collateral Free loans from all banks
20.Special consideration on International Trade fairs
21.Bar Code Registration Subsidy
22.Waiver in Security Deposit in Government Tenders and Departments
23.Concession in Electricity bills