New MSME Udyam Aadhar Certificate

Introduction of MSME Udhyam Aadhar

The main question that a number of newbie entrepreneurs have in their minds is what Udhyam Aadhar really is. If you are also looking for an answer to this question, you are in the right place as you will finally get an answer here.

Udyog Aadhar is nothing but a government registration that is provided along with a recognition certificate and a unique number in order to certify small/medium businesses or enterprises. It’s also called as MSME Registration.

The central motive behind the launch of this facility was to offer a way to the government to provide the maximum benefits to medium or small-scale businesses or industries in India, who are registered via MSME through their Aadhar Card Number.

The owner, director or proprietor of the entity will provide his/her 12-digit Aadhar Number, whether the enterprise or entity is a sole proprietor, an LLP, a Private limited company, or anything else. It should have the recognition certificate provided via the MSME registration process.

Benefits Of Udyog Aadhar

One will get to enjoy a number of advantages after registering his/her business and by obtaining Udyog Aadhar. The best thing about obtaining Udyog Aadhar is that the process is quite simple and in addition to that, one won’t have to handle the paperwork for obtaining Udyog Aadhar.

Check out the top 10 benefits derived from the numerous schemes that are offered by the Ministry of MSME with the aim to protect small enterprises and to assist them in growth and development.

1. Reduced rate of Interest from banks

2. Collateral free loans from banks

3. Protection against delayed payments

4. Fast resolution of disputes

5. After getting registered with MSME, your business will get eligible for availing government scheme benefits which will include loans without guarantee, low-interest rates on loan, and easy loan.

6. 15% subsidy under CLCSS scheme for technology upgradation

7. The exemption under the direct tax laws

8. Carry forward the minimum alternate tax (MAT) credit for up to 15 years instead of 10 years

9. Benefits under the Credit guarantee scheme

10. Octroi Benefits

11. Waiver of Stamp duty and registration fees

12. Reimbursement of payment made for obtaining ISO registration

13. Reimbursement of payment made for obtaining Trade Mark, Patent or Intellectual Property

14. Benefits for Industrial Promotion Subsidy. (IPS)

15. Benefit up to 75% of registration fees for Barcodes.

16. You will have financial backing from the government for participating in foreign business expos.

17. You will also get to enjoy other forms of subsidies that will help you in increasing your company’s revenue.

18. Concession in electricity bills

19. Your company gains preference for government certification

20. You will get an exemption when your enterprise applies for government tenders.