- Subsidy and tax relaxation/exemption
- Subsidies on capital investment
- Preference in allocation of Government tenders
- Fast resolution of disputes
- Collateral Free loans from bank
- Exclusive consideration for participating in international trade fair
- Octroi benefits
- Waiver of Stamp duty and Registration fees
- Easy access to credit in lower interest rates
- Concession in Electricity Bills
- Reimbursement of payment made for obtaining ISO certification
- Reservation of products for exclusive manufacturing by MSME/SSI
Which companies are eligible to apply for Udyam Registration?
The organizations which are eligible for Udyam Registration are meant to be either in manufacturing or producing or processing or preservation of goods or in providing the services. In other words, Traders who buy, sell, import, or export the goods are not even eligible for applying for Udyam Registration.
There are a set of criteria that an entity has to meet to be classified as a Medium, Small, Or Micro-Enterprise for obtaining the Udyam Registration.
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Revised Classification applicable w.e.f 1st July 2020
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Composite Criteria: Investment in Plant & Machinery/equipment and Annual Turnover
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Classification
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Micro
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Small
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Medium
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Manufacturing Enterprises and Enterprises rendering Services
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Investment in Plant and Machinery or Equipment:
Not more than Rs.1 crore and Annual Turnover ; not more than Rs. 5 crore
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Investment in Plant and Machinery or Equipment:
Not more than Rs.10 crore and Annual Turnover ; not more than Rs. 50 crore
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Investment in Plant and Machinery or Equipment:
Not more than Rs.50 crore and Annual Turnover ; not more than Rs. 250 crore
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