Enterprises that register themselves through Udyam Registration and get the Udyam Registration Certificate can benefit from lending options to group financing to the adoption of the latest technology and even quality management standard and many more things. Some of the key benefits include:
50% Subsidy on Patent Registration: As a small entrepreneur, you may be aware of the substantial fee that an entrepreneur to get a patent registered. Probably most of you must face such issues several times! Having the Udyam Registration Certificate entitles, you get a 50% subsidy on such capitalization cost on a patent. It will safeguard your identity and accelerate your dream of becoming a well-known corporate entity or corporation in the future. Having the Udyam Registration Certificate entitles, you get a 50% subsidy on such capitalization cost on a patent. It will safeguard your identity and accelerate your dream of becoming a well-known corporate entity or corporation in the future.
Collateral Free Loans: The enterprise that gets the Udyam Registration Certificate can enjoy collateral-free loan options, which are facilitated through banks and NBFCs. Isn’t it great to avail of a working capital loan with low interest? Furthermore, such investments won’t need, and collateral property or assets at stake.
Exemption of interest on overdraft: Even a slight decrease in funds’ cost is exceptionally beneficial for small businesses. The Udyam Registration enterprise can enjoy a 1% exemption on interest on an overdraft facility.
Subsidy from different authority: After registering their MSME, the applicant will receive the benefits of all the government schemes such as a secure loan, loan without guarantee, loans with subsidized rates of interest, subsidy on Direct Taxes, Excise Duty, concession on electricity, Octroi benefits and much more specified in the Act.
Reservation Policy: Udyam Register entities generate a lot of employment, and they enjoy some special privileges. The Government has given exclusive rights to produce specific products and let the entrepreneurs get all the benefits.
Technological Upgradation facility: The Government, under the Capital Aid for Technological Upgradation Scheme, enables the small or micro business units to upgrade their equipment and infrastructure through the latest technology. For this, they facilitate to enjoy the low-interest loans from banks as well.
Protection against delayed payments: The most significant advantage of Udyam Registration units is that they will get protected by Government for late payments. It enables the entrepreneur to maintain free cash flow and keep the chance of bad debts to a minimum.
Conclusion
The manufacturing and service industry is moving towards becoming organized and systematized with maximum benefits offered by the Government. For this, they need to apply for the Udyam Registration Certificate online. The registration process is so easy, and you can do it in the comfort of your home. If you have any doubts or don’t have enough time to do it, you can trust some reputed consultancy that gives you better guidance to get your Udyam Registration Certificate in a hassle-free way. They also help you get benefited from different schemes and subsidize under the MSME Act as well. Let us discuss how to obtain Udyam Registration Certificate and flourish your business confidently.
Authors Bio
My Udyog Aadhar writes this article- a trusted online consultancy establishes with a motive to guide entrepreneurs to get their Udyam Registration Certificate and assist them in how to get benefited from each small subsidies and benefits in the MSME Act.