The Udyam certificate, previously known as Udyog Aadhar is one of the crucial documents each business needs to have. The Udyam registration helps a business participate in government tenders, acquire bank loans at a subsidized interest rate, avail various tax rebates, priority in availing licenses, approvals and other registrations irrespective of their business domain, they also get easy access to credit at lower interest rates.
Not only that, Udyam registered businesses get tariff, tax and capital subsidies as well as reduces cost of getting a trademark or patent. In fact, this Registration is an easy process for Startup and MSME Companies where Egniol Services will register you as a Udyam Company easily, while assisting you with the necessary documentation, on-line application filing, and coordination with the appropriate authorities.
All manufacturers and service providers can sign up to be an Udyam. The registering government authority for Udyam Udyog Registration is the Ministry of Micro, Small, and Medium Enterprises.
Furthermore, this Udyam certification will provide you with additional benefits that will allow you to take advantage of government schemes. With Udyam Registration, you will get the following benefits:
Tax breaks and incentives are available to business owners in accordance with state regulations where relevant. Make a claim for a waiver of the stamp duty and registration expenses. Overdrafts are exempt from a one percent interest rate charge. Avail of NSIC and credit rating subsidies, and is eligible for the IPS subsidy programme.
The government has made every attempt to make India "Atmanirbhar" by giving this MSME – UDYAM platform, which includes not only redefining MSME criteria, but also launching different initiatives and services that will help Small and Medium-Sized Enterprises (SMEs) grow their businesses.