Udyam registration offers many benefits, including:
Tax benefits
Udyam registration offers tax benefits like income tax exemptions, reduced interest rates, and excise exemption. It also offers tax exemption on profits earned during the first five years of registration.
Bank loans
Udyam registration offers interest rate subsidies of up to 1.5% lower than regular loans.
Government subsidies
Udyam registration offers government-backed subsidies to help with business promotion. For example, registered MSMEs can access Industrial Promotion subsidies.
Electricity bill subsidies
Udyam registration certificates can be used to apply to the electricity department for concessions on electricity bills.
Credit Linked Capital subsidy
Registered MSMEs can receive a 15% capital subsidy for technological upgrades.
Stamp duty and registration fees waiver
Udyam registration offers a waiver on stamp duty and registration fees.
Discount on trademark registration
Udyam registration offers a 50% discount on government fees for trademark registration.
Other benefits
Udyam registration offers other benefits like:
Subsidy on credit rating
Barcode registration subsidy
Help with getting government tenders
ISO certification fees reimbursement
Direct tax laws rules exemption
More opportunities to work with the government and form business partnerships
