Udyam Registration
Udyam Registration is the new online process for MSME registration introduced by the Government of India. It offers several benefits to small and medium enterprises.
Benefits of Udyam Registration:
- Easy access to credit and loans from banks and financial institutions
- Subsidies on power, taxes, and entry to state-run industrial estates
- Protection against delay in payment from buyers and right of interest on delayed payment
- Reservation in manufacturing/production of goods especially for exclusive manufacturing by MSMEs
- Preference in Government sector purchases