Women in India today are making a breakthrough in business, politics, education, and technology. While the government is nearing an era of redefining "women's power," businesswomen are not too far behind in approaching many opportunities. As a woman entrepreneur who is willing to start or already has a business, Udyam Registration is a wise and mandatory step.
It not only gives your business the official government nod but also allows you to avail the benefits of several government schemes. Let's discuss why Udyam Registration is necessary for women entrepreneurs and how it can bring their businesses to unheard-of heights.
Udyam Registration is a Government of India online portal by which small, medium, and micro enterprises (MSMEs) can register their enterprises. It was also formerly known as the MSME Registration or Udyog Aadhaar.
It is now called just Udyam Registration, a complete online registration.
A Udyam Registration Certificate, vouching for the authenticity and genuineness of your company, will be provided upon registration.
Women in India run small and medium-sized enterprises, such as boutiques, food processing, beauty salons, handicrafts, fashion design, and home furnishings, but they may not have any knowledge about government schemes, markets, or bank loans.
Udyam Registration here saves the day.
Through Udyam Registration, women can:
The Indian government has launched a series of schemes for empowering women on a self-reliance basis. Once your company is registered, it is easy to avail the following schemes:
1. Stand Up India Scheme: This scheme offers women loans from ₹10 lakh to ₹1 crore.
2. Pradhan Mantri Mudra Yojana (PMMY): Easy collateral-free loans to small enterprises.
3. Mahila Coir Yojana: Special subsidies and training to coir women workers.
4. Trade Related Entrepreneurship Assistance and Development (TREAD): Women entrepreneurs can be trained and funded under Trade Related Entrepreneurship Assistance and Development (TREAD).
All the above schemes will be available only after your firm has been registered on the Udyam portal.
Udyam registration is very simple. You can register at home via mobile or computer.
Step 1: Open the Udyam registration website.
Step 2: Select "New Udyam registration."
Step 3: Enter your Aadhaar number, name, and mobile number.
Step 4: Enter business details such as name, type, address, bank details, investment, etc.
Step 5: Once submitted, your Udyam Certificate will be mailed within seconds to your email.
No documents are to be uploaded.
Direct and indirect benefits are enjoyed by women entrepreneurs through Udyam registration:
Govt schemes: Subsidies and grants are easily accessible to women entrepreneurs.
Low-rate bank loans: Bank loans at a reduced rate of interest are enjoyed by Udyam-registered MSMEs.
Government tenders: Government tenders are accessible to Udyam-registered units.
Tax relief and interest concession: Lower tax relief and concessions on the rate of interest.
Brand value and trust: Investors and clients are more confident in registered businesses.
With Udyam annexure certificate, women-led entrepreneurs get more benefits.
India's MSME sector boosts India's economy, and women's empowerment is making the sector even stronger.
Registration of enterprises is opening up women to domestic industries as well as international markets.
Today, women are operating small businesses, the IT sector, the farm sector, the manufacturing sector, and the services sector.
The government is encouraging women-owned MSMEs since they support the generation of employment, innovation, and inclusive growth.
The following are the things that women need to do after Udyam registration to expand their business:
And of course, innovation and customer satisfaction.
Read this: How To Login in Udyam Portal
Women entrepreneurs' Udyam registration is not a task, but the initiation of self-reliance.
It provides them with government recognition, capital, and market access.
If you wish to fulfill your dreams and develop your business to heights unknown to success, join Udyam today.