Priority lending, delayed-payment protection and tender set-asides explained.
By Kanoons Editorial Team · 4 min read · Last verified 2026-07-26
Udyam (MSME) registration is free, self-declared, and takes minutes online, yet a large share of eligible small businesses never complete it.
Registered MSMEs get priority-sector lending rates from banks, protection under the MSME Development Act requiring buyers to pay within 45 days, and reserved participation in government tenders.