Benefits of Udyam Registration for Small Businesses


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Uploaded on Aug 3, 2024

Category Business

This PPT provides benefits of Udyam Registration

Category Business

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Benefits of Udyam Registration for Small Businesses

Benefits of Udyam Registration for Small Businesses Udyam Registration Certficate INDEX • Introduction • Access to Various Government Schemes and Subsidies • Easier Access to Credit • Enhanced Credibility and Trust • Business Growth and Expansion Support • Tax Benefits and Exemptions • Enhanced Market Opportunities Introduction • Udyam Registration is a government registration for Micro, Small, and Medium Enterprises (MSMEs) in India. • It is a simplified online process introduced by the Ministry of Micro, Small and Medium Enterprises to replace the earlier system of Udyog Aadhaar • The purpose of Udyam Registration is to provide a unique identification number to businesses Access to Various Government Schemes and Subsidies • Credit Guarantee Fund Scheme (CGTMSE): Provides collateral-free loans to MSMEs, reducing the financial burden on small business owners • Interest Subsidy Eligibility: Registered businesses can avail of interest subsidies on loans, making borrowing more affordable. • Subsidies on Patent and Trademark Fees: Reduces the cost of securing intellectual property rights, encouraging innovation and brand protection. Easier Access to Credit • Lower Interest Rates: Registered MSMEs often receive loans at lower interest rates, making capital more affordable • Collateral-Free Loans: Enhanced creditworthiness and eligibility for collateral- free loans under various government schemes. Enhanced Credibility and Trust • Government Recognition: Official recognition by the government enhances business reputation and reliability • Trust Among Stakeholders: Increased trust and confidence among customers, suppliers, and financial partners. Note :- Click here to Udyam Re-Registration. Business Growth and Expansion Support • Market Development Assistance: Financial assistance for participating in domestic and international trade fairs • Skill Development Programs: Access to training and development programs to enhance the skills of the workforce. Tax Benefits and Exemptions • Direct Tax Exemptions: Eligibility for exemptions and rebates under direct tax laws • GST Benefits: Various GST-related benefits, including easier compliance and concessions. Note : You can also Update Udyam Registration Certificate. Enhanced Market Opportunities • Priority in Government Procurement: Increased chances of securing government contracts, which often have provisions to favor MSMEs • Global Market Access: Assistance and subsidies for participating in international trade fairs, enabling small businesses to explore and expand into global markets. CoConnttactt U Us S https://udyamregistrar.org/  [email protected] 9355582891