Indian business has different sectors. Every sectors has its own role to play in India’s growth. Government of India has special focus on MSME Sector (Micro, Small and Medium Enterprises). MSME sector generates highest employment. As per latest data, approx 90 million people are employed in MSME sector. Since enactment of Micro, Small and Medium Enterprises Development Act, 2006, there has been various efforts to ease of doing business for these sectors.
To ease the registration and recognition of entity under MSME, government has launched simplified process of registration named as “Udyog Aadhar“
Benefits of Udyog Aadhar (Registration under MSME)
- Assurance against delay in Payments
- Quick determination of Disputes
- Collateral Free credits from bank
- Select thought for taking an participation in international trade fair
- Octroi benefits
- Waiver of Stamp duty and Registration expenses
- A few Exemption under Direct Tax Laws
- Barcode registration appropriation
- Appropriation on NSIC Performance and Credit evaluations
- Counter Guarantee from GoI through CGSTI
- Decreased rate of interests from banks
- 15% appropriation under CLCSS scheme for innovation upgradation
- Preference while applying for Government tenders
- Concession in Electricity Bills
- Repayment of expenses made for acquiring ISO accreditation
- 1% exclusion in interest on OD
- Raising the degree of certification cover from 75 % to 80 %
- Reservation of items for selective manufacturing by MSME/SSI
How can we help in Udyog Aadhar Registration
Just contact us to get your business registered under MSME. We will ensure hassle free registration of your business at minimal consultation fees.