Udyog Aadhaar, now replaced by Udyam Registration, offers several benefits to Sole Proprietorships:
Formal Recognition: Provides formal recognition as an MSME (Micro, Small, and Medium Enterprises), enabling access to government schemes and benefits.
Financial Assistance: Easier access to bank loans and credit facilities with lower interest rates and without collateral requirements.
Subsidies and Incentives: Eligibility for various subsidies, tax rebates, and incentives offered by the government to promote small businesses.
Market Opportunities: Enhanced opportunities to participate in trade fairs, exhibitions, and other promotional activities supported by the government.
https://www.registerkaro.in/sole-proprietorship-registration
For more information, visit us on: https://www.registerkaro.in/