Top 10 benefits of obtaining Udyog aadhar registration certificate

 Top 10 benefits of obtaining Udyog aadhar registration certificate

Formerly known as Udyog Aadhar, the MSME Udyam Registration is an excellent initiative by the Indian government. With the assistance of the registration, the government aims to aid the business that falls under the category of MSME (Micro Small Medium Enterprise). 

The MSME Udyog aadhaar registration is only eligible to enterprises in manufacturing, service providing, producing, goods preservation, and the processing sector. It means that not every trader qualifies for the registration and the benefits that accompany it.



Eligibility criteria of enterprises eligible to apply for the MSME Udyam Registration

1. Medium Enterprises- Turnover of 250 Cr INR and investment of 50 Cr INR (maximum)

2. Micro Enterprises- Turnover of 5 Cr INR and investment of 1 Cr INR (maximum)

3. Small Enterprises- Turnover of 50 Cr INR and investment of 10 Cr INR (maximum)

Advantages of attaining the Udyam Registration

There are several benefits that you can get upon the attainment of the MSME Udyam Registration. Moreover, the process is easy and hassle-free. Take a look at the benefits listed here.

1. Assistance in receiving government tenders.

2. Qualification for getting the IPS subsidiary as well as the subsidiary for barcode registration

3. Lower interest rate for bank loans

4. Consideration in the payment of electricity bills

5. 15% subsidiary for up-gradation of technology under the CLCSS scheme

6. Decrease in cost (50% subsidy) in case of patent registrations

7. Recommendation of the money after getting the ISO certification

8. Easy to obtain registration, approvals, and licenses

9. Exemption of registration fees and stamp duty

10. Exclusive allowance to partake in the international trade fair

Apart from the advantages mentioned above, there are many more that the Udyog aadhar registration certificate holders can enjoy. They are also eligible to gain the benefit on the occasion of interdiction of any new schemes. 

The effort of the Indian government to provide a wide array of benefits to small and midsized enterprises is impressive. It is also an applaudable effort to replace the previous system that was time-consuming, complicated, and filled with paperwork. 

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