FLO Hyderabad’s empowerment initiative organised a talk on Udyam Registration and government schemes for startups. FLO member and Head of MSME vertical Neha Reddy addressed members, covering the full range of benefits available to registered MSMEs — including credit access, government procurement opportunities, subsidies, and payment protection under MSMED Act provisions.
The session also introduced funding and market access schemes available to startups, with additional emphasis on resources specific to women entrepreneurs. A key message was that Udyam Registration is a strategic business enabler, not just an administrative step, and members were encouraged to complete their registrations and share details for further support.
Key Takeaways
– A short briefing was conducted on Udyam Registration and its importance for MSMEs, & Awareness on government Schemes & Support Available for Startups.
– Members were informed that Udyam is a growth enabler, not just a registration, and these schemes can act as enablers for funding, market access, and business growth.
– Key benefits shared included access to credit, government procurement, subsidies, and payment protection. Also, access to credit, grants, procurement opportunities, and support for scaling.
– It was highlighted that many businesses miss these benefits due to a lack of registration.
– Additional advantages for women entrepreneurs were also discussed.
– Members were encouraged to complete Udyam Registration and share their details for further support.
Impact & Outcome
146 attendees benefited from this session as it raised awareness about Udyam Registration and government schemes for startups. Overall, it helped women-owned businesses access credit, procurement opportunities, subsidies, and growth support.