Benefits Of Udyam Certificate
There are several benefits of having a Udyam Registration certificate, which is a government-issued document that certifies your business as a micro, small, or medium enterprise (MSME) in India. Some of the key benefits of Udyam certificate are:
Eligibility for various government schemes: Having a Udyam certificate makes your business eligible for various government schemes and benefits, including subsidies, tax exemptions, and financial assistance.
Priority sector lending: Banks and other financial institutions give priority to MSMEs for lending purposes, and having a Udyam certificate can help you access these benefits.
Easier access to tenders: Many government tenders are reserved for MSMEs, and having a Udyam certificate can help you access these tenders and increase your business opportunities.
Protection against delayed payments: Udyam certificate holders have the right to file complaints against buyers who delay payments for goods or services provided by MSMEs.
Increased credibility: Udyam certificate is a government-issued document that certifies your business as an MSME, which can increase your credibility and reputation among customers, suppliers, and other stakeholders.
Overall, having a Udyam certificate can provide various benefits to your business and help you grow and succeed in the competitive business environment.