MSME stands for micro, small and medium enterprises. The government of India provides MSME Registration in accordance with micro, small and medium enterprises development act 2006. The registration process for the same is known as MSME Registration. In this article, we will understand Udyam or MSME Registration, its benefits and the written message by Badli Industrial Estate Association in detail.
Learn About Udyam or MSME Registration
MSME Registration is mandatory if one wishes to receive benefits from the national or state governments, as well as the banking sector. The Ministry of Micro, Small, and Medium Enterprises supervises it under MSMED Act 2006 in India.
What are the advantages of MSME OR Udyam Registration?
The government, as well as the banking sector, have several benefits. The following are a few of the most notable.
- The low-Interest rate on Loans
- In just 59 minutes, you will get a loan.
- There will be no billing delays.
- Tender Eligibility, Credit Support Schemes, and Low Registration Fee for Trademark Registration
Badli Industrial Estate Association writes to MSME Ministry
The association has written a letter to MSME Ministry. In the letter, they are requesting more time to move from Udyog Aadhaar to Udyam Registration.
The reason for the demand of extension is Most members didn’t complete the necessary steps by the specified deadline of 31.03.2021.
Reason for delay by Badli Industrial Estate Association
Association mentions that It is a fact the delay is happening due to the pandemic crisis of COVID-19.
In addition, partly due to a lack of understanding or laxity by members of the association.
Request for Extending the deadline for the next three months
In order to make this relocation process as smooth as possible, The association requests that the deadline of March 31, 2021, to extend by another three months.
In addition, providing enough notifications by various means, including direct emails to UAM registered units and MSME Associations.
Moreover, The association demands that unit-wise registration of MSME Enterprises with various units in separate locations not be in consolidation.
Important Note: Within two working days, E-Startup India will provide you with an MSME Certificate.
In case, you require any kind of guidance related to the MSME Registration or Udyam Registration, please feel free to contact our business advisors at 8881-069-069.
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