Startup India Certificate Original price was: 6,000.00 ₹.Current price is: 4,900.00 ₹.
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Niti Aayog Original price was: 3,500.00 ₹.Current price is: 2,899.00 ₹.
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Udyam Registration

Benefits of Udyam Registration

  1. Access to Government Tenders: Eligibility to apply for government contracts.
  2. Lower Bank Loan Interest Rates: Loans at reduced rates, up to 1.5% less than regular loans.
  3. Tax Benefits: Access to various tax allowances and exemptions.
  4. Simplified Licensing: Easier process for obtaining necessary licenses and approvals.
  5. Government Priority: Higher preference in securing government licenses and certifications.
  6. Secured Credit Access: Better access to credit with favorable terms.
  7. Subsidies: Eligibility for tariff, tax, and capital subsidies.
  8. Reduced Costs: Lower costs for patents and business setup through available concessions.

Original price was: 6,000.00 ₹.Current price is: 4,900.00 ₹.

Required Documents

To complete the Udyam Registration process, the following documents and information are required:

  1. PAN Card:
    A copy of the PAN Card of the business entity is necessary for identification and authentication.
  2. Aadhaar Card:
    The business owner must provide a copy of their Aadhaar Card to ensure proper verification.
  3. Complete Postal Address:
    Provide the complete postal address, including district and PIN code, for official communication.
  4. Bank Account Details:
    Submit the bank account details for the business to facilitate financial transactions and support.
Services

Udyam Registration

Description

Udyam Registration is a certification process established by the Ministry of Micro, Small, and Medium Enterprises (MSME) in India to promote and develop micro, small, and medium enterprises. This registration serves as a passport for small businesses, enabling them to access various government benefits and schemes designed to support their growth.

When to Register Under Udyam?
Businesses should obtain Udyam Registration if they wish to avail themselves of benefits offered by the Central or State Governments and the banking sector. This registration is essential for unlocking opportunities related to government tenders and financial aid.

Monitoring Authority
Udyam Registration is governed by the MSMED Act of 2006 under the Ministry of Micro, Small, and Medium Enterprises. The classification of enterprises is as follows:

  • Micro Enterprises: Investment of less than INR 1 crore and annual turnover of less than INR 5 crores.
  • Small Enterprises: Investment of less than INR 10 crores and annual turnover of less than INR 50 crores.
  • Medium Enterprises: Investment of less than INR 20 crores and annual turnover of less than INR 200 crores.

Benefits of Udyam Registration

  1. Access to Government Tenders:
    Registered businesses can apply for government tenders, enhancing their chances of securing contracts.
  2. Affordable Bank Loans:
    Udyam registration facilitates access to loans at lower interest rates, potentially saving businesses up to 1.5% compared to standard loans.
  3. Tax Allowances:
    Various tax concessions and exemptions are available for Udyam-registered businesses, promoting financial savings.
  4. Simplified Licenses and Approvals:
    Obtaining licenses, approvals, and registrations becomes easier for businesses registered under Udyam, streamlining compliance processes.
  5. Preference in Government Licenses and Certifications:
    Udyam-registered businesses receive higher priority in acquiring government licenses and certifications.
  6. Secured Credit Access:
    Registered businesses enjoy secure access to credit with favorable terms and conditions.
  7. Subsidies and Grants:
    Udyam registration opens the door to various subsidies, including tariff, tax, and capital subsidies, further enhancing financial support.
  8. Reduced Patent and Setup Costs:
    Registration helps reduce costs associated with patent applications and industry setup through available allowances and concessions.