Do you want start your own small business? Many of the people in India want to start their own business. Many of them even start their own business. In Indian economy, small business occupies an important place.  The layman language, a small scale business can be called as a project which involves a small budget. A small scale industry is a business setup in which the financial commitment towards the building and equipments made as an owner does not surpass Rs. One crore.

As per the rules and regulations of the government, one need to make the license from the government to set up a small business venture anywhere in India. And one needs to register the small business one holds. The government now provides the small business owners enormous benefits. And the Udyog Aadhaar is a valuable and important registration that the government is providing to the small and also the medium business. To register your business as SME(Small and Medium Enterprises) the owners are required to register under Udyog Aadhar, which was previously called MSME registration.

There are many benefits if of the Udyog Aadhaar registration, which will help the owner of the small and medium business owners. The following are the benefits which are provided by the MSME departments:

  • It gives the eligibility for the government schemes for the funding like loan without guarantee, easy loan and loan with a concessional rate of interest.
  • This registration also helps in getting financial support from the government to participate in the foreign expo.
  • This helps in getting many government subsidies.
  • Priority sector lending schemes.
  • Leads to exempt under direct tax laws.
  • Income tax on SME have also been reduced to 25%.
  • This also helps in getting the incentives and schemes by respective states that includes capital investment subsidies, power tariff concessions, tax concessions etc.

The Udyog Aadhar registration helps in enjoying all these benefits which is why the registration is very important and also very necessary.

These days, State Financial corporations and other commercial banks disburse medium to long term SME loans. The National Small Industries Corporation is also a government body which assists the small business owners in availing almost all the financial assistance machinery on hire-purchase basis. The government has also introduced the rules and regulations to avail the benefits of schemes such as capital subsidy reduced custom duty on selected items, credit guarantee schemes, various state government schemes and also ISO certification reimbursement and further more. All you have to do is to register your small business with the Udyog Aadhar registration.

To register with the Udyog Aadhaar, there will be some of the information and documents required. The information required will be firstly the Aadhaar number, Name of the owner, Cast of the owner, Name of Bussiness, type of business, postal address, Date of commencement of business, previous registration details, major area of business activity, NIC Code, No of employee, amount of investment and NIC.

Just by filing these documents, one’s business will be registered under the Udyog Aadhar registration. Then they can avail all the facilities and benefits provided by the government against t schemes. This is the best way to kick start your business.

https://thebeepingbell.com/wp-content/uploads/2017/08/small-biz1.jpghttps://thebeepingbell.com/wp-content/uploads/2017/08/small-biz1-150x150.jpgRajat PandeyBusinessIndustryDo you want start your own small business? Many of the people in India want to start their own business. Many of them even start their own business. In Indian economy, small business occupies an important place.  The layman language, a small scale business can be called as a...Sky is the limit !!