Apply For an Udyam Registration Certificate with Simple Steps

Udyam Registration was introduced by the Government of India in 2020, with the aim of encouraging and sustaining the development of Micro, Small and Medium Enterprises (MSMEs). The government provides assistance to Udyam-registered MSMEs through priority lending, subsidies and other government initiatives and hopes to increase the productivity and employment generation in the private sector. If you want to obtain Udyam Registration Certificate online, follow the simple instructions mentioned in this article! 

What are MSMEs?

MSMEs refer to micro, small and medium enterprises collectively. They are businesses that are engaged in the producing, processing and manufacturing of goods and commodities, or providing services. Businesses are classified into Micro, Small and Medium enterprises through an improvised form of accounting based on Turnover and Investment, in order to keep budding organizations at par with global standards. 

What is Udyam Registration for MSMEs?

Udyam Registration refers to the registration process of registering micro, small and medium enterprises in India. The Ministry of Micro, Small, and Medium Enterprises is responsible for conducting this registration process. This process is online, and free of cost.

Registration of Udayam certificate has been prepared in such a way that it links various mandatory Government identities such as the Institution’s  PAN, IT and GST in order to extract, segregate or classify the asset and earning information at the click of a button. This enables the Government to re-categorise any institution that comes within the gambit of MSME. This certificate is mandatory to reap the advantage of all of the government’s services for Udyam. 

Conditions To Apply Udayam Certificate

Prior to applying for the Udyam Certificate, it is necessary to be aware of the terms and conditions under which one can claim the exemptions extended to MSMEs (Micro, Small, and Medium Enterprises) under this scheme. One must ensure that all the evident certificates are clear and meet the specific needs such as size (in terms of KBs), and type of soft and hard copies (PDF/JPG) to avoid procedural delays in the submission and verification procedure.

Mandatory Requirements To Apply And Obtain Udyam Registration Certificate

The broad eligibility guidelines to claim the status or Registration of Udayam certificate at a glance are as follows: 

• Investment incurred on plant and machinery or equipment shall not exceed One Crore Rupees in case of Micro Enterprise. 
• A unit is classified as a Small Enterprise if the Investment in plant and machinery or equipment is between Rupees 1 Crore and 10 Crore.
• If the initial investment lies between Rs 10 and less than 50 Crores  then it is declared as Medium Enterprise.
• Any venture-involved activities or projects such as manufacture, production, or providing or rendering services, come under the preview of eligibility.

Additional Conditions 

Here are some additional conditions which must be satisfied for Udyam Registration:

• One should be in possession of their self-attested personal identity documents issued by the Government of India such as ADHAAR Card, PAN Card, IT Returns and bank financial statements, GSTIN etc.
• Name, location, and tentative date of commencement of commercial activity
• A brief write-up on the activities proposed to be undertaken by the organization or Institute
• Quotation for the requisite machinery or other accessories to be procured for executing the production or commencement of work
• Information pertaining to the number of persons required along with their designations in the organization.

Steps To Apply For A Udyam Registration Certificate

After ensuring that all documents are ready and eligible as per the requirements and specifications, the next procedure is as given below:

Step 1 : Visit the official Udyam Registration portal to apply for a Udyam Registration Certificate, You are advised to have good Internet connectivity with a reasonable speed. The site normally opens on any updated browser like Google Chrome, Explore, Opera, Microsoft Edge etc., 

Step 2 : If you are an existing user intending to update then you can log in with user IDs and passwords available at your end. A new registration requires a valid e-mail ID and a Mobile number to create an account that is OTP-supported. The graphical User Interface system guides you with easy steps for registration. 

Step 3 : Once the Udyam Certificate Registration is complete you can log in and fill out the registration form online and either submit or upload all the requisite documents doubly ensuring that all the relevant details are correct.

Step 4 : The administrative verification process commences after your submission and once the concerned officials are satisfied with all the documents, your request for UDYAM Certificate will be approved. Information to this effect is sent to your email ID and Mobile Number.

Step 5 : Revisit the same site, and then log in, and download the Udyam Registration Certificate from the same portal 

Step 6 : You need to keep track of the portal and keep updating the necessary information and when there are any changes such as a change of address or location of business, email ID, mobile number, name of the firm etc, you must update that. 

Form Filling Guidelines To Obtain The Udyam Registration Certificate

If the organization is already a member of Udyog Aadhar, the procedure is fairly simple. You need to upgrade from the existing status to Udyam Registration through the same user ID & password duly adhering to the guidelines contained in “Upgrading Udyog Aadhar to Udyam Registration.

If the organization is new and does not possess Udyog Aadhar, then there are specific guidelines you must consider while filling up the new Udyam Registration Form. The following are the guidelines for filling up the form to obtain the Udyam Registration Certificate.

1. Visit the Udyam Registration Certificate website www.udyamregistration.gov.in
2. Select the “For New Entrepreneurs who are not registered yet as MSME”.  A form consisting of 25 fields or sub-sections segmented into 8 sections is displayed on the screen.  
3. The form begins with Section 1 having two fields pertaining to OTP-enabled validation and Aadhaar Verification with OTP.  You need to note the candidate whose Aadhaar number is going to be registered must be the authorized signatory of the organization.  
4. The next section has three fields that pertain to PAN VERIFICATION similar to the manner in which Aadhaar is validated. PAN CARD also needs to be validated. Along with it, you also need to provide ITR & GST IN details in case you are in possession 
5. Section 3 has 5 fields mainly pertaining to the applicant, organization and contact details. 
6. The location of the business organization, and its execution area, need to be filled in the 5 fields provided in Section 4  
7. Section 5 has 5 fields that deal with previous registration details if any, the number of employees likely to be employed, form of business, and NIC codes of all products and services rendered 
8. Section 6 deals with financial aspects such as the Organisation’s investment norms, and capital assets. This information can either be self-declared or imported through ITRs as PAN is linked.  
9. Section 7 mostly covers details that pertain to the manner in which you can connect with public/Government organizations. They are mostly interrogative in nature. 
10. The final section pertains to the acceptance of details furnished in the application. An OTP is sent to your mobile and mail ID provided to download Udyam Registration Certificate in E-Certificate mode. After filling the OTP, you can easily download your Udyam Registration Certificate.

Conclusion

Udyam Registration is a fairly simple procedure that is aimed to provide small and micro enterprises with several handhold privileges to boost up the prospects for growth. Through this blog post, an attempt is made to make things easy for you to confidently furnish the requisite details with ease. However, one needs to bear in mind the fact that there are changes imminent in the government guidelines and procedures from time to time. Hence, you are advised to keep a watch on the official website for the latest amendments and notifications.