What is udyam registration certificate

Learn What is Udyam Registration Certificate Online Process, the Documents Required, the Benefits, and Memorandum in this blog.

Udyam Registration is a free online paperless process. The registration process for businesses in India is detailed below.

What is udyam registration certificate?

Udyam registration certificate is a digital certificate with a nineteen-digit Unique Identification Number (i.e. UDYAM-XX-00-0000000) provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises started in June 2020. In other words, it is an Aadhaar for Business.

MSME/SMEs can take advantage of unique udyam schemes benefits through subsidies and bank loans at lower interest rates after receiving a certificate of udyam registration.

Apply for Udyam Certificate

In India, more than 48 lakh MSMEs have registered their companies through Udyam as of 2020.

Udyam Registration Eligibility Criteria

The following types of the business element are eligible to get the Udyam registration certificate:

• Proprietorship
• Hindu Undivided Family (HUF)
• One Person Company (OPC)
• Partnership firm
• Limited liability partnership (LLP)
• Private limited or limited company
• Co-operative Societies or Any association of persons

Remember that even though your Micro, Small, and Medium Enterprises (MSMEs) fall within the aforementioned categories, you must still follow certain requirements outlined in the MSMED Act of 2006 in order to obtain MSME Udyam Registration.

The Indian government recently launched a program called Udyam Registration to support the nation’s small companies. In the process, Udhyog Aadhar registration and Udyam registration were combined. Micro, Small, and Medium-Sized Enterprises (MSME) must apply for Udyam registration in order to be eligible for government incentives.

It used to take a lot of documentation to begin the process of SSI or MSME registration. Entrepreneur Memorandum-I (EM-I) and Entrepreneur Memorandum-II were the forms that needed to be completed (EM-II). Aadhar Udyog was developed as an easier method of registering SSIs and MSMEs. Registered industries can now easily apply for loans and receive government subsidies thanks to Udyog Aadhar.

By December 31, 2021, businesses or entrepreneurs with Udyog Aadhaar Registration must migrate to Udyam Registration in order to be eligible for MSME benefits. If business owners do not move to Udyam Registration, they must re-register under Udyam Portal in order to receive MSME incentives.

Udyam Registration Process

Owners of SMEs (Small and Medium Scale Enterprises) had to complete a one-page form, which they could do online or offline. The applicant has to go to the official website to register online.

A person must choose individual registration if they wish to register for multiple industries.

An MSME must self-certify on this form their existence, information about their business, their bank account, ownership information, and employment details.

During the registration process, people had to present self-certified certifications.

There was no charge for registration.

Once the data is filled out, uploaded, and sent to the email address listed in the UAM, which should contain the specific UAN, the registration number will be produced (Udyog Aadhaar Number).

The Udyog Aadhar registration UAM process is no longer open. One must submit an application for Udyam Registration in order to receive an MSME Udyog Aadhar registration. Similar to the UAM Registration method is the Udyam Registration process. For MSME registration, there is no longer an offline registration procedure.

Online Registration for Udyog Aadhaar/MSME/ Udyam Certificate

Before you register for the Udyam registration application, you must have an Aadhaar card and pan card. The procedures below make it simple to register for the Udyam certificate online:

STEP 1: Visit the udyog aadhar/udyam msme certificate website

STEP 2: Fill out the details like Applicant name, Aadhar number, PAN number, Email address, and phone number

STEP 3: Make the online payment for your Udyam Application process

STEP 4: Once your Udyam registration application is granted, your company will be registered and the Udyam registration certificate will be given to you via email.

Note: Please be aware that, as of April 1, 2021, PAN and GSTIN will be required for Udyam registration. To prevent suspension of Udyam Registration, you should apply for PAN and GSTIN promptly and update them on our website before 31.03.2021. Also, confirm that during the udyam process, OTP will be required to process further.

Download Udyog Aadhar Certificate

When a micro, small, and medium-sized business successfully registers for Udyam Business, the Ministry of MSME issues a recognition certificate in recognition of the business. The Udyam Certificate carries a special number that verifies the company and enables it to receive benefits like reduced electricity rates and low-interest bank loans, among other things.

Memorandum for Udyam Registration Certificate

The MSME Department of India’s Udyam Registration Memorandum (URM) is a one-page registration form that allows individuals to register their business for Udyam by submitting information about their Aadhar Number, PAN number and Bank Details.

With the same Aadhar Number, you can submit one Udyam Registration Memorandum (URM) document. Businesses will receive a Udyam Registration Acknowledgement Number on their registered email address after providing the necessary information.

Documents required for Udyam Registration Application:

You need the following documents to complete a new Udyam registration:

• Personal Aadhaar number
• Pan card
• Caste certificate (for SC, ST, and OBC category)
• Name of applicant
• Category of applicant
• Name of business
• Types of organisation
• Bank details
• Key activity
• National Industrial Classification code (NIC Code)
• Number of employees
• Details of District Industry Centre (DIC)
• Date of commencement

Note: Although you don’t need to submit or upload any documents to register for Udyam, you should keep the aforementioned documents on hand in case you need to supply information.

Udyam Registration Benefits

In addition to making MSME registration simple, the udyam registration online method offers the following advantages:

• Without a guarantee, you can obtain low-interest bank loans.
• Being qualified for special government aid
• The capacity to apply for msme loans and related programmes
• Receive tax breaks and exemptions for smes with udyog aadhar registration.
• No matter what type of business you are in, getting permits, permissions, and registrations is simple with udyog aadhar registration.
• Following a successful udyog aadhar registration, you will receive protection from delayed payments.
• Reduction in electricity costs
• The exemption offered when submitting a bid for a government contract
• 50% off the cost of submitting a patent or trademark
• Obtain loans under the credit guarantee scheme (CGTMSE)

Because you will have easier access to government programmes and other perks, these advantages will accelerate the growth of your business. The finest Udyog Aadhar benefit is the ability to obtain an unsecured business loan for the purpose of expanding your company. Whether you want to invest in new equipment, engage qualified staff, or remodel infrastructure, register your company on the Udyam Registration Portal and receive financial support.

The best part is that, after providing the necessary paperwork like a project report for bank loan, you can gain approval in as little as 3 days*. You can also get a top-up loan from a government scheme if you match the requirements. Furthermore, you have a lengthy EMI term of up to 36 months, giving you ample time to pay back the loan EMI.

How to Check Udyam Registration Certificate Online?

Here is how to check the status online of Udyam Verification:

Step 1: Visit the MSME Udyam verification official website to verify

Step 2: Enter the 19-digit Udyam registration number (i.e. UDYAM-XX-00-0000000).

Step 3: Enter the valid ‘verification code’ as given in Captcha Image.

Step 4: Click on the ‘Verify’ button.

How to Download Udyam Registration Certificate Online?

Here is how to download Udyam registration certificate:

Step 1: Visit the MSME Udyam registration certificate download website

Step 2: Enter your 19 digit Udyam Registration Number (i.e. UDYAM-XX-00-0000000).

Step 3: Enter your Mobile Number as filled in the Udyam application.

Step 4: Choose any one option for OTP (One Time Password).

Step 5: After clicking on ‘Validate & Generate OTP’ button, you will receive OTP on Selected Option.

Step 6:Make the online payment for further process.

Step 7: Udyam registration center representative will verify your details and send your udyam certificate via email.

Note: During the udyam process you need to share the OTP with the udyam registration center representative.

In accordance with Notification No. S. O. 2119(E) dated 26.06.2020 and further amended Notification No. S. O. 1055(E) dated 05.03.2021, your Uydam Registration information regarding investment, turnover, and export of the financial year must be updated on the Udyam Registration Portal for the MSME reclassification during each change of financial year. The Udyam Registration Certificate could thereafter only be updated by you.

Wholesale and retail traders are now permitted to register on the Udyam Registration Portal and become classed as an MSME, according to a letter the Reserve Bank of India (RBI) sent to banks.

Udyam registration Certificate for traders

The Udyog Aadhaar Memorandum’s (UAM) validity has been extended by the government from March 31 to December 31.

The government will certify your company’s existence after you have an Udyam registration certificate. Additionally, you will be able to take advantage of all the numerous advantages brought about by the various relief programmes made available by the ministry of MSME.

Therefore, you may have to comprehend the advantages of a UDYAM registration certificate in the upcoming year. There will be a huge increase in opportunities, and registered MSME businesses will expand better.

Fill out the Udyam registration form if you have any questions about the registration procedure, and a representative will contact you as soon as possible. From that point forward, you and your company can profit from all the government has to offer.