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Updated: 25-10-2024 at 8:30 AM
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Businesses are one of the driving forces of the nation, especially in a developing country like India. They not only contribute to boosting the economic growth and development of the country but help individuals grow personally as well. The Udyam card issued under the Ministry of Micro, Small, & Medium Enterprises (MSME) is a unique identification number issued to the micro, small, and medium enterprises (MSMEs) in India. This card comes as a proof for businesses falling under the MSME category to be eligible for several benefits, including easier loan application, government subsidies and tax exemptions.
Read this article to explore Udyam registration, its key features, benefits, eligibility, documents needed, and complete application procedure.
Read more: Ayushman Card
Name of the scheme | Udyam Registration |
---|---|
Launched by | Ministry of Micro, Small, & Medium Enterprises (MSME) |
Launched in | 2020 |
Objective | To provide legal recognition to the Micro, Small, & Medium Enterprises (MSME). |
Read more: eShram Card
The Udyam Card is a unique identification issued to the micro, small, and medium enterprises (MSMEs) in India, under the Udyam Registration initiative taken by the Ministry of Micro, Small, & Medium Enterprises (MSME). The card serves as proof of registration for businesses under the MSME category and provides them with several benefits.
Read more: Mudra loan
The Udyam Registration comprises various key features to help and contribute to the growth of the MSMEs of India. Some of the features are listed below:
Read More: IC Scheme MSME
There are a wide range of benefits of the Udyam Registration. Some of them are mentioned below in brief:
Read more: Death Certificate
To register under the Udyam Registration system, a business must abide by the set eligibility criteria:
Enterprise | Investment in Plant & Machinery or Equipment | Annual Turnover |
---|---|---|
Micro Enterprise | Up to 1 crore | Up to 5 crore |
Small Enterprise | Between 1 to 10 crore | Between 5 to 50 crore |
Medium Enterprise | Between 10 to 50 crore | Between 50 to 250 crore |
Read more: EWS Certificate
The eligible business enterprises need to submit certain documents to receive their MSME certificates. Documents such as:
Read more: IC Scheme MSME 2024
Eligible enterprises who are interested in registering under the scheme and receiving the Udyam Registration Certificate are required to follow some easy steps to complete registration and get their MSME certificates:
Step 1: Visit the official website of the Udyam Registration Certificate.
Step 2: Click on ‘New Registration’ and complete the verification by authenticating your aadhar card.
Step 3: After verification, fill in your business details like the type of enterprise, PAN, address, and bank details.
Step 4: Validate your PAN card.
Step 5: Apply and note the Udyam Registration Number. The certificate will be issued after some minutes.
The Udyam registration is completely free of cost and the certificate is usually available for download after a few minutes of the registration.
Read more: Marriage Certificate
The registered enterprises can print their MSME certificate by following the below-mentioned steps:
Step 1: Visit the official website of the Udyam Registration.
Step 2: Click on ‘Print Udyam Registration Certificate’ from the home page.
Step 3: Enter your URN and the mobile number linked to the Aadhar.
Step 4: Complete the verification by filling in the OTP.
Step 5: Download the Udyam Certificate and print the certificate.
Also read- GeM: Government e-Marketplace
The registered enterprises can verify their MSME certificate by following the below-mentioned steps:
Step 1: Visit the official website of the Udyam Registration.
Step 2: Click on ‘Verify Udyam Registration Certificate’ from the home page.
Step 3: Enter your URN and the MSME you wish to verify, and click on ‘verify’.
Step 5: The details of verification will be displayed on your screen.
In case of forgetting the URN, please follow the below-mentioned steps to retrieve the number back:
Step 1: Visit the official website of the Udyam Registration.
Step 2: Click on ‘Forgot Udyam Registration Number’ from the home page.
Step 3: Enter your mobile number or mail ID.
Step 4: Complete the verification by filling in the OTP.
Step 5: After verification, the URN will be displayed on your screen and sent to your mail and mobile number for reference.
Read more: Birth Certificate
The MSME certificate doesn’t require annual renewal as it provides registration for a lifetime. However, if your business details (such as investment, turnover, or contact information) change, businesses need to update their information. One can log in using their URN and update their details.
Also Read: RBI To Introduce ULI
The Udyam Registration Certificate enables MSME with a wide range of benefits and the Udyam Registration process is a simplified process enabled through a government portal.
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Harsha Vardhanan
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Thank you for posting valuable information ✨
23 Nov 2021
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Good portal for common man, very useful
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A very helpful website that aggregates and simplifies government guidelines, providing clear information in various languages for better public understanding.
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