20 Jul 2019Posted By: Mudit Handa


5 Key Benefits of Udyog Aadhaar MSME Registration

MSMEs are indeed the precursors of economic growth in today’s globalized era. They account for over 99% of corporate taxpayers of India. Government has run several schemes for empowerment of the MSME sector due to its imperative role in the country’s economic growth.

Very importantly, the key to access all the developmental avenues for MSMEs is the Udyog Aadhaar MSME Registration.

 

What is meant by Udyog Aadhaar?

Udyog Aadhaar is the 12-digit unique identification number allotted by the Ministry of MSME to the Micro small and medium enterprises for getting the MSME Registration.

Let’s have a look at the key benefits of having MSME Registration.

 

#1. Unique Identification of small businesses

In India, a sole proprietor doesn’t have his official recognition like other forms of business entities. Now, he can have a unique identity for his business entity with the Udyog Aadhaar MSME certificate. The MSME Registration validates the existence of his business.


#2. Assistance in loan

In order to grant MSMEs easy access to credit, the government has launched the MSME Support and Outreach Programme (SOP) in this year’s budget. According to this scheme, the Government shall provide in-principal approval to MSMEs having MSME registration along with GST Registration, for loans up to ₹ 1 crores in 59 minutes.  


#3. Subsidy on business loans

Under the MSME SOP scheme, MSMEs having a GST registration shall be given 2% subsidy on the loan interest rate. Besides, those MSMEs involved in export business and have the unique Import Export Code with GST registration shall be granted a further rebate in the interest rate from 3% to 5% on the loans availed during pre and post-shipment period.


#4. Subsidy in Barcode registration

Now, it is highly affordable for the MSMEs to obtain the GS1 Barcode. During the Barcode registration, the Ministry of MSMEs will reimburse 75% amount of the Barcode registration fees. Above that, the government will also reimburse 75% of the annual GS1 Barcode renewal fees until the first 3 years. This will highly assist the MSMEs to attain global standards in product quality.


#5. ISO certification Reimbursement

The government has run a scheme wherein 75% fees for ISO certification of MSMEs is reimbursed to them. This financial assistance is given to those MSMEs that are ancillary units and want to acquire:

However, the reimbursement of ISO certification is subject to a maximum cap of ₹75,000/- in both cases. This further assists the MSMEs in attaining global quality standards and contributing to environmental conservation.

 

These are some noteworthy benefits of having the Udyog Aadhaar MSME Registration.

If you need any guidance on GST registrationUdyog Aadhaar MSME RegistrationImport Export Code, Barcode registration or ISO certification feel free to contact our business advisors at 8881-069-069.

Now you can easily avail online ISO certification services at the following zones:-

 

ISO Certification in Delhi ISO Certification in Pune ISO Certification in Gurgaon
ISO Certification in Chennai ISO Certification in Mumbai ISO Certification in Bangalore

                 

                           Download E-Startup Mobile App and Never miss the latest updates relating to your business.

Comments





Posted By Vikas Lofty
Posted Date 2019-07-26 01:42:24

I have prepared all my documents. Behalf MSME fill my requirement of MSME loan.


Posted By Mohit Garg
Posted Date 2019-07-28 17:32:49

Need to know about ISO


Posted By Mudit Handa
Posted Date 2019-07-29 18:03:57

Surely, you can refer to our blog section for comprehensive articles on ISO.


Posted By Mudit Handa
Posted Date 2019-07-29 18:05:51

Dear Vikas, We have shared your contact with our advisors.


Give a Reply

E-startupIndia Mobile App

Get latest update in your
pocket!

Download our free Android App and get realtime update on your order status.
Easily connect with our professionals handling your order over chat & mobile.
Never miss business compliances due date with advance notifications.

Get E-startupIndia in your mobile

Why choose E-startup India

e-startupindia member of CII

E-startupindia is a Proudly Member of Confederation of Indian Industry.The CII is a premier business association in India which works to create an environment conducive to the growth of business industry.

e-startupindia certified #Etstartupindia

E-Startup India is duly certified under GOI's Startup India scheme and is renowned for our tech-driven solutions for business & legal services requirements for MSMEs.

e-startupindia  ZOHO Alliance Partner

E-startupindia is an affiliate alliance partner of ZOHO. Zoho Corp is famously known as an operating system of the business. It facilitates solutions to all the business problems in today's digital era.

e-startupindia Google Partner

E-Startup India is a Google Partner, which implies we are rigorously involved in assisting SME businesses to market their presence in the digital world.

IN THE MEDIA

CONNECT WITH US