Lets find out what is Udyog Aadhaar or MSME Registration and the 20 benefits of MSME Registration.
Udyog Aadhaar, also called as aadhaar for Business is a unique 12 digit government identification number provided by the ministry of MSME for the micro, small and medium enterprises to register themselves as MSME.
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.
20 Benefits of MSME Registration
- Reduced rate of Interest from banks
- Collateral free loans from banks
- Protection against delayed payments
- Fast resolution of disputes
- 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.
- 15% subsidy under CLCSS scheme for technology upgradation
- The exemption under the direct tax laws
- Carry forward the minimum alternate tax (MAT) credit for up to 15 years instead of 10 years
- Benefits under the Credit guarantee scheme
- Octroi Benefits
- Waiver of Stamp duty and registration fees
- Reimbursement of payment made for obtaining ISO registration
- Reimbursement of payment made for obtaining Trade Mark, Patent or Intellectual Property
- Benefits for Industrial Promotion Subsidy (IPS)
- Benefit up to 75% of registration fees for Barcodes.
- You will have financial backing from the government for participating in foreign business expos.
- You will also get to enjoy other forms of subsidies that will help you in increasing your company’s revenue.
- Concession in electricity bills
- Your company gains preference for government certification
- You will also get special preference, when your enterprise applies for government tenders.
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