Udyam registration is the only process to classify your business eligible under MSME to avail all long lists of benefits. It includes business registration, inception, development, and closure as every part of the business life cycle. Benefit in terms of financial and non-financial motivations to do more than you can. MSME Registration application is an online proceeding, Whereby your Aadhar OTP or with other credentials you can register with the department. But during application you have to take care of relevant details; otherwise, it will affect your relevant benefit also.
Once You Think to avail MSME Benefits, Check your Eligibility
Not to worry about reading the whole definition and setting where you are, But you can directly check your eligibility. If you are eligible, then not wait for tomorrow and APPLY NOW to receive the registration credential in hours.
Just receiving a credential is not enough to get benefits, But you have to use it systematically and acknowledge it to relevant parties, as we are registered under MSME Act, and we are authorized to be eligible for all benefits.
Some of the example for your reference:
Interest Subsidy: Its cap is around 5% – 9% in bank interest rate, which means if the Bank is charged 11% for your loan and if you are eligible at 9%, Then you have to bear net interest cost at 2% only. It is a BIG BENEFIT for controlling your finance Cost.
Capital Subsidy: It is the eligible basis on your location, industry, and cost component of your project. It’s 10% -35% of your project cost and amounts up to Rs. 50 lacs by different state policy, central department policy.
Above financial benefits only eligible for registered enterprise Only.
Duty waiver in Power Cost for Manufacturing units for the first five years.
MSME has a very long list; the above details are part of it.
As part of the registration process, nominal professional fees are charged by Business Aadhar consultants, But It will save your time and support to avail your perks right now.
As per MSME Act, 2006, Every business covered under MSME even if they are registered under Udhyog Aadhar or SSI registration, Must Re-register MSME under udyam registration before 31st March 2021. So, it will be a wise decision to apply today, and Don’t wait for tomorrow. Making a registration is not enough; instead to take action to avail it. It’s the right time to make registration and grab it given by MSME Act to support your business.