The Ministry of MSME enterprises issued a notification on 1st June 2020 that all the existing Indian enterprises shall register as Udyam on or before 31st March 2021. As per the said notification,all MSMEs would be known as Udyam from that day onwards.The government of India shall validate the existence of the enterprises with theUdyam registration certificate they possess. The registration process of the MSMEs is known as Udyam Registration. The enterprise who registers as Udyam can make use of many benefits from the various relief schemes offered by the Ministry of MSME.

Let’s see some of theMSME Udyam Registration benefits briefly:

• 5% lower Interest rate on bank loans
• 1% interest rate exemption on Overdraft
• Loans with zero collateral
• Protection against delayed payments
• Special reservation policies for the manufacturing sector
• Ease of obtaining registrations and licenses
• Special consideration in International trade fair
• Government security deposit (EMD) waiver
• Electricity bills concession
• Reimbursement of Registration fees
• Reimbursement of ISO certification fees
• Benefit of Excise Exemption Scheme
• Exemption in Direct tax laws
• Credit rating fees subsidy
• Patent registration subsidy
• Exemption for government tenders
• Completely free Registration process

It is true. You can avail all of these benefits absolutely free!Udyam registration has been kept free by our governmentto facilitate Make in India movement in India.It is the time to take the benefit of it. You must not miss out on this incredible chance to grow your business. Contact National Tenders to get consultancy on Udyamregistration portal now.

Link: https://www.nationaltenders.com/benefits-of-registration-on-udyam