MSME/ UDYOG AADHAR Registration

OVERVIEW

Micro, Small, and Medium Enterprises (MSME) registration, also known as Udyog Aadhaar Registration, is a government initiative in India that provides recognition and support to small businesses. It allows businesses to avail various benefits, subsidies, and schemes offered by the Ministry of Micro, Small, and Medium Enterprises. It serves as a unique identification number for MSMEs and simplifies compliance procedures.

BENEFITS OF MSME / UDYOG AADHAAR REGISTRATION

1. Easy Access to Loans & Credit

  • Collateral-free loans under the Credit Guarantee Scheme (CGTMSE).
  • Lower interest rates on loans from banks.
  • Preference in government tenders and procurement.

2. Subsidies and Government Schemes

  • 50% subsidy on Patent Registration fees.
  • Reimbursement of ISO Certification expenses.
  • Concession on Trademark Registration fees.
  • Technology and Quality Upgradation Support (TEQUP).

3. Tax and Financial Benefits

  • Income Tax Exemption under section 80C.
  • Reduction in GST rates for certain MSME products.
  • Benefits under the Direct Tax Laws.

4. Protection Against Delayed Payments

  • MSMEs have legal protection under the MSME Development Act, 2006, ensuring timely payment from buyers.
  • Interest on delayed payments at three times the bank rate.

5. Electricity Bill and Industrial Benefits

  • Concession on electricity bills for MSME units.
  • Special preference in industrial promotion and exhibitions.

6. Market & Export Promotion

  • Participation in international trade fairs at subsidized costs.
  • Government support in e-marketplaces like GeM (Government e-Marketplace).
  • Assistance in export marketing & promotion.
 
     
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