Government Schemes and Support for MSMEs in Jharkhand

Micro, small, and medium enterprises (MSMEs) form the backbone of Jharkhand's economy and contribute significantly to employment generation, industry growth, and local entrepreneurship. To support MSMEs, the Government of India and the Jharkhand State Government offer various financial, infrastructure, and digital initiatives to help them grow at a rapid rate.

If you are an entrepreneur in Jharkhand and want to register through the Udyam registration portal and avail yourself of multiple government benefits, including subsidies, loans, and incentives, this article will explain various government schemes for MSMEs and how you can apply, update, and download your Udyam Registration Certificate.

1. Udyam Registration's Significance for MSMEs  

MSMEs must complete the online Udyam Registration process to be eligible for government programs, financial aid, and subsidies. 

Advantages of Jharkhand MSMEs'  :

• Udyam Registration Access to Government Programs: PMEGP, CGTMSE, and Jharkhand Industrial Policy are just a few of the programs that provide financial assistance to MSMEs. 
• Simpler Bank Loans: Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) offers loans without collateral.  
• Business Expense Subsidies: MSMEs receive assistance with industrial property purchases, ISO certification, electricity, and patent registration.  
• Protection from Payment Delays: The MSME Samadhaan portal guarantees that purchasers will make their payments on schedule.

How can you register for the Udyam registration form?  

Take the following actions to register your company in Udyam registration:  

1. Go to the authentic website, Udyam Registration Portal. 

2. Complete the Udyam Registration Form by entering basic details, your company's Aadhaar number, PAN, GSTIN, your business details, turnover, etc., which are displayed in the form.

3. Enter the verification code or CAPTCHA in the box that is given below.

4. Register the form. After that, you will reach the payment gateway; after paying a nominal amount, you will receive your Udyam Registration number in your registered e-mail ID within 1-2 working days. 

2. Jharkhand Government Financial Assistance for MSMEs  

a) The Employment Generation Program of the Prime Minister (PMEGP)  

• Goal: Financial support for starting new companies.  
• Subsidy: 15–35% of the project cost, depending on the category, is the subsidy. 
• Loan limit: The maximum loan amount is ₹50 lakh for manufacturing companies and ₹20 lakh for service companies. 
• Eligibility: Individuals, SHGs, and MSMEs with a current Udyam registration are eligible.

b) The MSMEs Credit Guarantee Fund Scheme (CGTMSE)  

• Goal: The goal is to provide MSMEs with loans without collateral. 
• Loan coverage: Up to ₹2 crore is covered by the loan. 
• Eligibility: Jharkhand-registered MSMEs certified by Udyam.

Need to update or log in to your Udyam without a registration number?

Read it: Udyam update

  Forgot udyam registration number

3. Jharkhand's MSMEs' Subsidies and Incentives  

a) The 2021 Jharkhand Industrial Policy  

• For both new and established MSMEs, the Jharkhand government provides financial assistance and incentives, such as: 
• Up to 25% of the project's cost (up to ₹50 lakh) can be covered by the capital investment subsidy. 
• Power Tariff Rebate for five years of 100% exemption. 
• An employment subsidy of ₹5,000 annually for each employee.  

b) The Startup Policy of Jharkhand  

• Young entrepreneurs are encouraged by this policy, with funding for entrepreneurs up to ₹10 lakh. 
• Three years of 100% SGST reimbursement. 
• Interest-free loans for SC/ST business owners and women.

4. Jharkhand's Market Assistance for MSMEs  

a) MSMEs' Public Procurement Policy:

• PSUs and government agencies are required by this policy to source 25% of their purchases from MSMEs. 

b) The Export Promotion Policy of Jharkhand:

• It provides export-related financial incentives up to ₹10 lakh, subsidies for international trade show participation, certification, and branding.

5. Digital and Infrastructure Assistance for MSMEs: 

a) MSME Clusters and Industrial Parks  

To assist MSMEs, Jharkhand has developed several industrial zones, such as the engineering and automotive industries, which are located in 

• Jamshedpur's Adityapur Industrial Area. 
• Manufacturing and agricultural processing take place at the Tatisilwai Industrial Area (Ranchi). 

b) The MSME Digital Scheme 

• Cloud computing services that are subsidized.  
• Grants for the deployment of digital and ERP solutions. 

c) Jharkhand Incubation Centres 

• MSMEs are assisted by organisations such as BIT Mesra and IIT-ISM Dhanbad through financing for seeds up to ₹25 lakh and facilities for business mentoring and prototyping.

6. Support for Women and SC/ST Entrepreneurs  

a) The Stand-Up India Program 

•  ₹10 lakh to ₹1 crore is the loan amount. 
• Establishing manufacturing or service-orientated businesses is the goal. 

b) Program for the Development of Women Entrepreneurs (WEDP)

• ₹5 lakh in interest-free loans. 
• Exclusive assistance with marketing.

How to Download and Print the Udyam Registration Certificate?

If you have got your Udyam registration done in Jharkhand, then you can download your Udyam registration certificate anytime. Follow the steps to download. 

• First of all, go to the Udyam Registration Portal. 
• After that, navigate to Print Udyam Registration Certificate.
• A form will open. Enter all the details in it, like mobile number, email ID, and Udyam Registration Number. 
• Select certificate type from the drop-down box
• Enter the verification code given in the CAPTCHA box. 
• Tick mark on the Terms and Conditions and declaration box
• Click on Download to get your Udyam Certificate in PDF format. 
• When your certificate is downloaded and you get it on your email ID, then get it printed.

Also, read this: Udyam Registration certificate download

In conclusion:

MSMEs in Jharkhand are essential to economic expansion, and both the state and central governments offer substantial financial, infrastructural, and digital assistance. To optimise their business potential, entrepreneurs should seek financial aid, register under Udyam registration, and make use of government programs. MSMEs in Jharkhand may seize important growth possibilities and prosper in the cutthroat market by making sure they register for Udyam, receive timely updates, and download the required paperwork. Download your Udyam Certificate and look into MSME assistance options right now for more details!