A Step-By-Step Guide for Udyam Registration Certificate
If you wish to avail yourself of any benefits extended to MSMEs in India, it is mandatory to obtain UDYAM registration online. The process is really simple and if you have all the documents handy, then you can get your UDYAM registration promptly. It also allows you to obtain concessional bank loans with lower interests and relaxed eligibility.
MSMEs, or micro, small, and medium-sized enterprises, are among India's most important industry sectors. The Ministry of Micro, Small, and Medium Enterprises reports that in the fiscal year 2021–2022, MSMEs accounted for 29.15% of India's GDP. In the same year, MSMEs' proportion of the manufacturing sector was 40.83%. Furthermore, for the fiscal year 2023–24 (until September 2023), the percentage of MSMEs' shipments to India was an astounding 45.56% of all exports. The significance of MSMEs in India is evident from the statistics alone.
Also read: MSME Registration portal
The government of India introduced a number of programs and initiatives aimed at helping MSMEs conduct business and grow. In order to take advantage of these promotions and offers, you must Register as an MSME enterprise. The only MSME registration certificate is obtained through UDYAM online registration.
Let's look at the qualifying requirements for MSME registration, followed by a step-by-step tutorial on how to apply for a UDYAM registration certificate.
How to Apply for UDYAM Registration in India?
Here is a step-by-step guide to applying for UDYAM registration online:
Visit the Ministry of Micro, Small and Medium Enterprises' UDYAM registration portal.
Click the 'For New Entrepreneurs who are not yet registered as MSME or those with EM-II' tab.
Enter your Aadhaar number and name from the Aadhaar card. If you are a partnership firm, LLP, or business, the Aadhaar number of any of the directors or partners must be entered. Karta's Aadhaar number is necessary while forming a Hindu Undivided Family (HUF).
Check the declaration and then click on 'Validate & Generate OTP'. An OTP will be delivered to your mobile number listed on your Aadhaar card.
After Aadhaar Validation: Select a 'kind of organization' from the dropdown menu, such as a sole proprietorship, partnership firm, LLP, or company. Enter the PAN (of the proprietorship, partnership firm, LLP, or company, as applicable) for verification.
The UDYAM portal will automatically capture the organization's name from the PAN. Fill out the remaining details on the UDYAM registration form. These comprise location, office address, plant address, caste, type of business, business incorporation date, date of initiation of business, your company's NIC code, number of employees, investment in plant and machinery, bank data, and so on.
If you own more than one firm, you can participate in various activities at the same time.
You can also choose automatic registration on other government websites like TReDS, Government e-Marketplace, and the The National Small Industries Corporation's (NSIC) B2B portal and the National Career Service, in addition to the UDYAM registration certificate. Simply pick the 'Yes' option to register on these portals.
After filling out all of the relevant information, click 'Submit and Get Final OTP'. Enter the OTP issued to your mobile number.
Following successful OTP verification, a 'Thank You' message will appear on your screen, along with your UDYAM registration number. Copy this number and then choose the 'Print UDYAM Certificate' option.
Enter the UDYAM registration number and send the OTP.
Enter the OTP, and the MSME UDYAM certificate will show on the screen. Save both the conventional UDYAM certificate and the UDYAM registration certificate in Annexure.
Recommended read: Udyam annexure certificate
FAQs
Q1: What are the advantages of UDYAM registration?
Ans: UDYAM registration has many benefits, including but not limited to the following:
You can benefit from a variety of government schemes, including the Credit Linked Subsidy Scheme, Public Procurement Policy, and Credit Guarantee.
MSMEs qualify for priority sector loans from banks. As a result, UDYAM registration enables you to acquire business loans at cheap interest rates and flexible terms.
UDYAM registration allows you to register on many government portals without having to submit a separate application.
It serves as business proof in most banks and financial institutions.
Q2: What time does it take to generate a UDYAM certificate?
Ans: If you have the information handy, you can generate a UDYAM registration certificate.
Within a few minutes. The certificate is generated as soon as you submit the application form.
Q3: I already have Udyog Aadhaar. Can I earn a UDYAM certification?
Answer: Yes. The government replaced Udyog Aadhaar with the UDYAM certificate. As a result, if you already have an Udyog Aadhaar, you can easily convert it to UDYAM.
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