Benefits of MSME Registration(Udyam Registration)

 With an increased focus to rehabilitate the MSME Sector which is considered as backbone of Indian economy, Indian government has substantially increase the benefits for MSME industries.

Below mentioned is the criteria of registration for MSME industries:-

 

In terms of numbers, micro, small and medium enterprises contribute a staggering 30% to the country’s GDP, and around 45% of the manufacturing output, and approximately 48% of the country’s exports.

It is due to this very fact that they’re so crucial to our economic development and the reason why they’ve constantly been in the news ever since the pandemic struck in early 2020. However, as the pandemic subsides and the economy is slowly brought back to life, it presents a greater opportunity for business owners to get their MSME registrations done and avail a wide array of benefits.

In order to help MSMEs, the government of India introduced the MSME (Amendment) Bill Of 2018 and re-emphasized on the MSME ACT of 2006. Under these legislation's there would be no need for frequent inspections to check the required investments needed to be made in the plant and machinery needed. In addition, the operations of MSMEs would be allowed to continue in a transparent, non-discriminatory, and objective manner.

Some of the other added benefits of getting your MSME registered under the provisions of these laws are summarized in the section below.

 

1. Bank Loans (Collateral Free)

2. Subsidy on Patent Registration

3. Overdraft Interest Rate Exemption

4. Industrial Promotion Subsidy Eligibility

5. Protection against Payments (Delayed Payments)

6. Lesser Electricity Bills

7. ISO Certification Charges Reimbursement

 

so do register your business under MSME to avail the above mentioned benefits.

Do contact to get your self registered under MSME(UDYAM) at affordable cost.