Benefits For Getting Registered Under Udyam Registration Certificate

Following are the benefits of Udyam Registration:- 1. Getting government contracts is easier with Udyam registration. 2. 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). 3. Udyam is eligible for a variety of tax benefits. 4. Obtaining licenses, approvals, and registrations becomes less difficult, regardless of the industry. 5. For government license and certification, enterprises registered under Udyam are given higher priority. 6. Registration helps in lowering the cost of obtaining a patent or starting a business.