Post by account_disabled on Feb 24, 2024 1:13:41 GMT -5
The was free of cost while Udyam registration involves a fee depending on the type of enterprise. Updation of details Under Udyog Aadhaar updating the details of the enterprise was a selfdeclaration process while under Udyam registration any changes or modifications need to be updated through the Udyam portal. Categorization of MSMEs Udyam registration has introduced a new classification system based on investment and turnover while Udyog Aadhaar had only one category of MSMEs. While Udyog Aadhaar and Udyam registration share the common objective of promoting the growth and development of MSMEs there are significant differences in terms of eligibility criteria validity registration process fees updation of details and categorization of MSMEs. How to to Udyam.
Registration The Government of India has taken several initiatives to promote and encourage MSMEs to register under the Udyam registration scheme. Some of the government support and initiatives to promote Udyam registration among MSMEs are as follows Awareness campaigns The government has launched awareness campaigns through various mediums such as print and electronic media social Honduras WhatsApp Number List media and seminars to create awareness about the benefits of Udyam registration and encourage MSMEs to register. Simplified registration process The government has simplified the registration process and made it entirely online to encourage more MSMEs to register. The registration process is userfriendly and can be completed within a short time. Training and capacity building The government has initiated various training.
Capacity building programs for MSMEs to help them understand the registration process benefits and advantages of Udyam registration. Financial assistance The government has also provided financial assistance to MSMEs to help them register under the Udyam registration scheme. Under the Scheme of Fund for Regeneration of Traditional Industries SFURTI financial assistance of up to Rs. 10 lakhs is provided to clusters of traditional industries for registration under Udyam. Incentives and benefits The government has also announced various incentives and benefits for MSMEs that register under Udyam registration. These include a credit guarantee fund priority sector lending.