Udyam registration offers many benefits, including:
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Tax benefitsUdyam 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.
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Bank loansUdyam registration offers interest rate subsidies of up to 1.5% lower than regular loans.
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Government subsidiesUdyam registration offers government-backed subsidies to help with business promotion. For example, registered MSMEs can access Industrial Promotion subsidies.
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Electricity bill subsidiesUdyam registration certificates can be used to apply to the electricity department for concessions on electricity bills.
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Credit Linked Capital subsidyRegistered MSMEs can receive a 15% capital subsidy for technological upgrades.
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Stamp duty and registration fees waiverUdyam registration offers a waiver on stamp duty and registration fees.
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Discount on trademark registrationUdyam registration offers a 50% discount on government fees for trademark registration.
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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
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