On July 1, 2020, the Government of India launched the new registration method 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 launch on 1 July 2020 .
What Is Udyam Registration?
Udyam Registration is the procedure that eases the registration process under MSME. The Indian Government has a goal to save the Business from the process of hard registration and to encourage company facility.
As per the Government Of India's official announcement dated 26.06.2020, all existing MSME companies must immediately register/convert to new udyam. Every business unit registered under MSME will be treated as a valid MSME up to March 31, 2021, as per the notification. And all current MSME organizations must register / convert on or before 31 Mar 2021 to benefit from the MSME Benefits as newly announced.
Udyam Registration Benefits For Public Limited Company
To take advantage of the corresponding MSME/Subsidies/Low-Interest Loans/Collateral Free Loans/etc incentives, you must register under the government's latest udyam scheme.
NSIC performance and credit rating fees subsidy
Patent registration subsidy
Special beneficial reservation policies within the manufacturing/ production sector
Ease of obtaining registrations, licenses and approvals
Msme Registered entity gets eligible for CLCSS (credit linked capital subsidy scheme)
Government security deposit (EMD) waiver (Useful while participating tenders)
Electricity bills concession
Barcode registration subsidy
Protection against delayed payments, against material / services supplied
Document Needed Of Udyam Registration For Public Limited Company
bank account details of business for the registration process
12 digit Aadhaar number
PAN & GSTIN documentation is also needed in case of company registration.
Apply Udyam Registration Today For Public Limited Company
Now you must have understood the importance of having a valid udyam registration Certificate for your business after reading this article. The online process of udyam registration is easy and fast. Grab this opportunity now and give 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.