# what is MSME registration in India? Or what is Udyam Registration?

On 01 July 2020, the Government issued new notification says an MSME (Micro Small and Medium Enterprises) will be knowns as Udyam. This registration process so-called Udyam Registration. Doing Udyam registration has no fee and free registration, just like MSME registration online we need to log in to the Udyam portal.

 

# Udyam Registration has 20+ benefits

Udyam registration has lots of benefits just like MSME some of the MSME (udyam ) benefits are,  

  1. Electricity bill concession.

  2. Collateral free loans from banks. 

  3. Subsidy on bank loan interest rate.

  4. International trade special consideration.

  5. Stamp duty and a registration waiver.

  6. ISO certification fees reimbursement.

  7. Direct tax laws rule exemptions.

Benefits of MSME registration , udyam registration chennai

Checklist for applying for Udyam registration 

Before applying Udyam registration make sure you have all the information below to apply faster and hassle-free.

  1. Name of the business owner. 

  2. Aadhar card of the owner. 

  3. PAN of the owner.

  4. Phone and email address.

  5. Social category.

  6. Gender.

  7. Name of the enterprise. 

  8. Location address.

  9. Date of incorporation. 

  10. Bank details; IFSC code, Bank account number, and bank name.

  11. Manufacturing or service.

  12. NIC code of the business.