The Udyam certificate, previously referred to as Udyog Aadhar, holds a pivotal role as a necessary document for every business. Udyam registration empowers businesses to engage in government tenders, secure bank loans at subsidized interest rates, access various tax benefits, gain priority in obtaining licenses, approvals, and other registrations regardless of their business sector, and facilitate easy credit access at reduced interest rates.
Moreover, Udyam-registered enterprises enjoy tariff, tax, and capital subsidies, along with a streamlined process for obtaining trademarks or patents. This registration process is particularly straightforward for Startup and MSME companies. At WINAXIS Advisory, we facilitate the Udyam registration seamlessly, providing extensive support with essential documentation, online application filing, and effective coordination with the relevant authorities.
The Udyam registration is open to both manufacturers and service providers. The designated government authority overseeing Udyam Udyog Registration is the Ministry of Micro, Small, and Medium Enterprises.
Moreover, this Udyam certification opens doors to a host of additional benefits, enabling you to harness various government schemes. Through Udyam Registration, you unlock the following advantages:
- Tax exemptions and incentives in alignment with applicable state regulations.
- The ability to seek exemption from stamp duty and registration fees.
- Exemption from a one percent interest rate charge on overdrafts.
- Access to NSIC (National Small Industries Corporation) and credit rating subsidies.
- Eligibility for the IPS (Interest Subvention Programme) subsidy.
The government’s concerted efforts to foster an “Atmanirbhar” India are channeled through the MSME – UDYAM platform. This initiative not only involves redefining MSME criteria but also encompasses the introduction of diverse initiatives and services tailored to facilitate the growth of Small and Medium-Sized Enterprises (SMEs).