Udyam Adhar Registartion(MSME)
Udyog Aadhaar is a twelve digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises, beginning in September 2015. It is also known as Aadhaar for Business.
There are a numerous benefits of registering and getting a Udyog Aadhaar for your business.
Given below, is a list of benefits derived from the various schemes offered by the Ministry of MSME for the Protection, Growth and Development of the small enterprises. The same benefits can also be availed by the Udyog Aadhaar holders and prove to be very advantageous for them.
he same benefits can also be availed by the Udyog Aadhaar holders and prove to be very advantageous for them.
The benefits are as follows:-
- 1. Protection against delay in payment.
- 2. Fast resolution of disputes
- 3. Collateral Free loans from bank
- 4. Exclusive consideration for participating in international trade fair
- 5. Octroi benefits
- 6. Waiver of Stamp duty and Registration fees
- 7. Several Exemption under Direct Tax Laws
- 8. Barcode registration subsidy
- 9. Subsidy on NSIC Performance and Credit ratings
- 10. Counter Guarantee from GoI through CGSTI
- 11. Reduced rate of interest from banks
- 12. 15% subsidy under CLCSS scheme for technology upgradation
- 13. Exemptions while applying for Government tenders
- 14. Concession in Electricity Bills
- 15. Reimbursement of payment made for obtaining ISO certification
- 16. 1% exemption in interest on OD
- 17. Increasing eligible loan limit for optimal reasons, from the amount of Rs. 25 lakh to Rs. 50 lakh
- 18. Raising the extent of guarantee cover from 75 % to 80 %
- 19. Reservation of products for exclusive manufacturing by MSME/SSI
- 20. Easier registration and approvals to obtain Licenses
- 21. Eligible for IPS subsidy
- 22. Preference in allocation of Government tenders
- 23. Excise Exemption Scheme
- 24. Reduced rate of interest from banks
- 25. 50% subsidy for patent registration