There are huge banefits of udyam registration for micro small and medium enterprises (MSME).

To get the benefits of the various government schemes of MSME , udayam registration is a must. Udyam registration is the identity and proof that you are running a MSME manufacturing or servicing unit.

The following are some of the government benefits and incentives which you can only avail if you have udyam registration .I have also availed some of the benefits after registering under it.

Gettting a udyam registration is vefry simple. Its 100% online and paperless.So dont waste time and get your unit registered under the udyam registratration process.

First Benefit of udyam registration :

The first and foremost benefit of udyam registration is that the government recognises your industrial unit after udyam registration and thereby your unit becomes entitled to all the benefits and incentives of MSME sector under various schemes as launched from time to time.

Udyam registration provides the MSME with a unique identity number and a udyam certificate.

Second benefit of udyam registration is collateral free financing.

To successfully operate and sustain a industrial unit adequate finance is required. Every MSME is interested in obtaining loan from government and private financial institutions like banks and NBFC without collateral.A udyam registeration is a must for a MSME for approaching a bank for loan under the cover of CGTMSE without any collateral upto 2 crore.

Third benefit of udyam registration is Getting loan at cheap rate of interest:-

Every MSME is interested in reducing the cost of capital by procuring it at the cheapest lending rates.Even 1–2 % difference in the interest charged by lending institutions can considerably increase the cost of capital increasing the cost of production.

A Udyam registration helps a MSME to apply for loan under the MSME schemes which charges very less interests compared to the commercial banks and NBFC’s.

Fourth benefit of Udyam registration is that its a must to apply for bar code subsidy:

A MSME is eligible for upto 75% of the cost of barcode registration fees.So for availing this benefits also Udyam registration will be required.

Udyam registration helps a MSME in getting ISO certificates for their units and products with upto 75% reimbursement from the ministry of micro small and medium enterprises.

it also helps in gettting Subsidy on credit rating and NSIC performance fees.

concessions on various industrial bills like electricity bills , transportation bills etc.

Besides all these above benefits there are several other benefits which a MSME can enjoy only after udyam registration such as easy access to the registrations, approvals, and licenses.

what is udyam registration for indian MSME (mico small and medium enterprises)