Udyam Registration in Bangalore
Udyam registration in Bangalore is crucial since MSME and SSI are the backbone of the Indian economy. The MSME is now known as Udyam according to the notification issued by ministry of MSME on 26 June 2020. We the Smartauditor Consultants is the pioneer in providing the timely registration services and our elegant firm is now extended in various places of Bangalore like Malleshwaram, Koramangala, Shanthi nagar, Kalasipalya and peenya. The bank loans can be obtained at lower rates subsidy and also it is possible to get collateral free loans from the banks. Even if the Udyam registrant applies for patent, and then there is possibility for getting the subsidy for the patent registration. The registrant can able to get the Industrial Promotion Subsidy (IPS).
Udyam registration in Bangalore is done according to the new notification from the central government in India. The registration is inevitable since there is protection against the delayed payments which is done against the services supplied. It is very easy to obtain registrations, license and the approvals through Smartauditor Consultants. When the production sector or the manufacturing sector is functioning, then the special beneficial reservation policies are eligible to the applicant. The Credit Linked Capital Subsidy Scheme that is shortly known as CLCSS is eligible for Udyam registered entity. MSME or SSI needs promotion not only in India but also overseas. Hence they should actively involve in promotional trade fairs. For such promotional International trade fairs, there is special consideration when it is registered. Udyam registration in Bangalore is important since it is useful when there is a need to participate in government tenders. Many concessions are being announced by the government to encourage MSME. One such concession is given for the electricity bills. So registration is not only important but also it is very much useful for the entrepreneurs.
Documents required for Udyam registration
- Aadhar number
- Name of the owner
- Business name
- Type of the organization
- Date of the commencement
- Bank details
- National Industrial Classification code
Steps involved in Udyam registration
- Visit the Udyam registration portal
- Fill the details in the form
- Upload the documents
- Make online payment for Udyam registration application
- Processing of Udyam registration application
- In 2 hours Udyam registration e- certificate will be sent to the e-mail.