MSME REGISTRATION

MSME REGISTRATION

MSME Registration, also known as Udyam Registration Is granted to Micro, Small and Medium-sized Businesses under the MSME Development Act, 2006. Classification of entity into Micro, Small, Medium Category is done as per the table below based on investment in plant and machinery.

Udyam Registration Benefits

Obtaining Udyam Registration is a simple process that eliminates the burden of paperwork. Benefits of having Udyam Registration for your business include:

• access to collateral free loans form Banks under PM CGSTMSE Scheme
• MSME are required to pay MSME registered vendors within credit period of 45 days, else pay the interest on delayed payment
• are eligible for various government Subsidies.
• A 50% Discount on Government Fees for Trademark and Patent Filing.
• are eligible to receive govt support for participating in tenders, foreign expos to showcase their products.
• Fast resolution of disputes with regard to payments may refer the dispute to the MSME Facilitation Council for conciliation & arbitration.