Being a part of UDYAM MSME offers you many benefits, various features and objectives. But to know about the features and objectives of udyam, you need to be thorough about udyam msme.
MSME also known as Micro, Small and Medium Enterprise is a service providing enterprise to new enterprise that are micro, small and medium organisation. An identification proof in form of certificate and an unique udyam number is issued by the government for those who wants to register for business purpose. It basically invests on technical equipment, plant and machinery based upon their status; a micro enterprise can issue a loan from 1crore and can’t exceed 5crore; whereas a small enterprise can take a loan under 10crore to 50crore. Medium type enterprise is a bit different from micro and small enterprise because the enterprise is larger than the rest of them so they can issue a loan starting from 50crore but can’t exceed 20crores.
UDYAM MSME is an online portal for generating e-certificate and provides a life-time identification UDYAM number. It is a service provider business enterprise. UDYAM issues trouble-free with single page registration form through online in compared to other portals. Udyog Aadhar was the earlier name of UDYAM. It helps you get registered easily under the Ministry of MSME. UDYAM provides 2 types of registration; one is proprietorship(private ltd) and the other is partnership or trust(public ltd). The license of UDYAM MSME needs to be renue in every 9months from the issue date of registration.
Features OF Udyam MSME:
Loans offered from banks:- Udyam provides low interest rates for business as compared to other portals. It charges free collateral interest on the registered enterprise.
Electricity Bills:- Privileges in electricity bills is one of the features of MSME.
Easy-Setup:- the setup of UDYAM is much easier and less complicated in getting approval compared to other portals.
Government Tender:- UDYAM provides such governments policies/tensers so that there are no legal issues during registration and setup.
Bar-Code:- It’s an unique code given to each and every enterprise to recognize their identification through scanning. It is for security purposes.
License:- Through UDYAM registration, an enterprise will be eligible to apply for other types of registration, certificates as well as approval all over india.
Reservation Policies:- the enterprises who have registered in UDYAM MSME are provided with huge subsidies in industrial promotion and patent registrations to the enterprises.
UDYAM MSME is totally paper- less based work through an online self-disclosure process which is much better than going to the office and registering. There is a possibility of reduction rates in bank loans. There is no chance of delaying payments.
If you want to register in Udyam Portal, please visit the link given below