How Can I Register Udyam For Private Limited Company?


How Can I Register Udyam For Private Limited Company?

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Upon completing the process, the enterprise is awarded a Udyam Registration number which can be used to apply for various government schemes. It also entitles the business to collateral-free loans from banks, lower interest rates on loan amounts and concessions in electricity bills, among other benefits.

The Udyam Registration process is completely online and there is no need to submit any documents. The process is based on self-declaration and requires only the PAN of the business, Aadhaar number of the applicant and GSTIN (for companies that have already registered under EM-II or UAM.

It is recommended to thoroughly check the forms and information provided by the enterprise. A single mistake can cause the form to be rejected, so make sure everything is correct. Once the application is approved, an e-certificate of MSME Udyam is issued by the Government of India.

MSME Udyam registration is beneficial for all businesses. It makes them eligible for government schemes, such as the Credit Guarantee Fund Scheme and allows them to participate in tenders without paying EMDs. In addition, they can obtain better loan facilities from NBFCs and banks, get reduced interest rates on claims and receive subsidies from the Government of India. In short, MSME Udyam is a must-have for all businesses in the country.

 

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