Udyam Certification
Having a Udyam certificate, formerly known as Udyog Aadhar, is essential for any business. Registering for Udyam allows businesses to participate in government tenders, obtain bank loans at a reduced interest rate, receive tax rebates, and have priority access to licenses, approvals, and other registrations, regardless of their business domain. Additionally, Udyam-registered businesses have easier access to credit at lower interest rates.
As a Udyam registered business, you can enjoy tariff, tax, and capital subsidies, as well as reduced costs for obtaining a trademark or patent. The registration process is simple for startup and MSME (Hyper link) companies, and Udyami Mart Services can assist you with the necessary documentation, online application filing, and coordination with the appropriate authorities to register your company as a Udyam company easily.
All manufacturers and service providers can register as Udyams with the Ministry of Micro, Small, and Medium Enterprises for Udyog Registration.
Moreover, obtaining the Udyam certification will provide you with added advantages that enable you to leverage government schemes By registering for Udyam, you will receive the subsequent advantages:
As a business owner, it's important to know that there are tax breaks and incentives available in accordance with state regulations. You may be able to claim a waiver for stamp duty and registration expenses. Additionally, overdrafts are exempt from a one percent interest rate charge. Consider taking advantage of NSIC and credit rating subsidies, as well as the IPS subsidy programme, for which you may be eligible.
The Indian government is striving to make the country self-reliant or "Atmanirbhar" by providing the MSME – UDYAM platform. This platform goes beyond redefining the criteria for MSMEs and includes the launch of various initiatives and services to assist Small and Medium-Sized Enterprises (SMEs) in expanding their businesses.
