Following are the benefits of Udyam Registration:-
- Getting government contracts is easier with Udyam registration.
- Bank loans become cheaper as a result of the Udyam since the interest rate is very low (up to 1.5 percent lower than conventional loans).
- Udyam is eligible for a variety of tax benefits.
- Obtaining licenses, approvals, and registrations becomes less difficult, regardless of the industry.
- For government license and certification, enterprises registered under Udyam are given higher priority.
- Registration helps in lowering the cost of obtaining a patent or starting a business.