Advantages Of Udyam Registration For Your Small Business

Udyam Registration, which was introduced on 1st July 2020 by the Government of India, has always been around, albeit with another name. Previously referred to as Udyog Aadhaar, Udyam Registration helps provide businesses with MSME (micro, small or medium enterprises) recognition. This is the biggest advantage of the Udyam Registration apart from several other advantages that benefit the businesses. But first, let us understand what exactly is Udyam and then get to know its various advantages.

Udyam Registration

Udyam Registration is an identification number along with a certificate that is issued to businesses who want to get registered as a “Micro, Small and Medium” (MSME) enterprise. This certificate acts as recognition for MSMEs. Further, businesses are classified into the right category, such as Micro, Small or Medium, based on the investment and turnover of the business. Udyam Registration benefits that are available to MSMEs can only be availed if the business registers themselves under the Udyam scheme. Udyam Registration Process is easy and online if you have all the documents in place.