On July 1, 2020, the Government of India launched the new registration process for micro, small and medium-sized enterprises (MSMEs) under the name Udyam Registration. The micro, small and medium-sized enterprises (MSME) notification released by the Ministry of MSME on 26 June 2020 will now be known as Udyam. The new registration process will begin from1 July 2020.
What Is Udyam Registration?
Udyam Registration is the method that provides an easy registration procedure under MSME. The Indian Government has a motto to save entrepreneurs from the process of hard registration and promoting business ease and comfort.
As per the official announcement of Government Of India dated 26.06.2020, all existing MSME companies must register /convert to new udyam immediately. As per the announcement every business unit registered under MSME shall be treated as a valid MSME up to 31st March 2021. And all existing MSME Companies must register/convert on or before 31st Mar 2021 to enjoy the MSME Benefits according to the new announcement.
Benefits Of Udyam Registration For Private Limited Company
There are various benefits below mentioned points
Protection against late payments, against supplied material/services
Collateral, bank free loans
Patent registration subsidy
Barcode registration subsidy
Special favorable reservation policies for the manufacturing/industry
Facility to receive permits, licenses, and approvals
Msme Registered Entity is CLCSS compliant (Credit Linked Capital Subsidy Scheme)
Special attention to International Trade Fair
Interest rate Subsidy on Bank loans
Government security deposit (EMD) waiver (Useful while participating tend
bank account details of business for the registration process
PAN & GSTIN documentation is also required in case of company registration.
Apply Online Udyam Registration Today For Private Limited Company
Now you must have understood the significance of having a valid udyam registration certificate for your business after reading this article. The online process of udyam registration is simple and easy, as the only legal document needed. Grab this opportunity now & offer your business the much-needed boost.
You can visit udyam registration portal for getting your business registered under MSME Udyam, take professional help in registration work @ reasonable fees.
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