Why Businesses Need the Udyam Certificate & How to Download the Udyam Certificate PDF
Introduction
Micro, Small, and Medium Enterprises (MSMEs) are essential for the Indian Economy. These entities give employment, growth, and innovation. A formal registration is essential for these businesses to get legal recognition and various government benefits. On registration, they get a Udyam Certificate, an official document assigned by the government. This certificate helps access financing, government subsidies, and protection against delayed payments. In this blog, you’ll learn why your business needs a Udyam Certificate, how to register for it, and how to download a Udyam Certificate PDF.
What is a Udyam Certificate?
It is an official document issued by the Ministry of Micro, Small, and Medium Enterprises in India. This certificate contains a 12-digit URN and serves as valid proof of business. This certificate helps businesses access government benefits and legal recognition. It has lifetime validity.
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Why Businesses Need a Udyam Certificate?
These are reasons why a business needs a Udyam Certificate:
Legal Recognition as an MSME: When a business gets registered under the Udyam Portal, it gets legal recognition as a Micro, Small, or Medium Enterprise.
Access to Government Schemes and Support: Registered MSMEs are eligible for various government schemes: Credit Guarantee Fund Scheme Credit Linked Capital Subsidy Scheme (CLCSS) Public Procurement Policy benefits Protection against delayed payments under the MSME Act
Subsidies, Tax Exemptions, and Concessions: A Udyam-registered business can enjoy income tax exemptions under various schemes, concessions on electricity bills and patent registration, and subsidies for ISO Certification and other registrations.
Lower Interest Rates: Banks and Financial institutions offer collateral-free loans and low-interest credit to registered MSMEs. In simple words, a registered business gets easy loans.
Payment Settlement: Under the MSME Development Act, registered businesses get protection from delayed payments. Businesses or buyers must make payments within 45 days.
Access to Government Tenders: Many government tenders are reserved for MSMEs. Udyam Registration allows businesses: Bid for reserved tenders. Get exemptions from earnest money deposits (EMD).
Who is eligible for MSME (Udyam) Registration?
The CIN code comprises the following information –
Any business is eligible for MSME or Udyam Registration if it meets the following investment and turnover limits.
Enterprise Type | Investment Limit | Annual Turnover Limit |
Micro | Up to 1 Crore | Up to 5 Crore |
Small | Up to 10 Crore | Up to 50 Crore |
Medium | Up to 50 Crore | Up to 250 |
Basic Document Required for Udyam Registration
You need to have the following documents for MSME Registration:
Aadhaar link with your mobile number.
Business PAN Card Number.
Address proof of business.
Bank Account details.
How to Register for Udyam?
Follow the below simple step-by-step guide and complete Udyam Registration:
Visit the Udyam Registration Portal
Click on new entrepreneurs who are not registered yet as MSMEs or those with EM-II.
Enter the required Aadhaar details and verify with OTP.
Verify with PAN and fill out the form.
Submit and verify with OTP.
On successful registration, you will Udyam Registration Number.
Note: Remember or note the Udyam Registration Number, because you are required to download Udyam Certificate.
How to Download Udyam Certificate PDF?
Follow these simple steps to download Udyam Certificate PDF:
Visit the official Udyam Registration Portal.
Click on Print/Verify from the top menu.
Click on Print Udyam Certificate.
Enter the URN (Udyam Registration Number), and Mobile Number and validate with OTP.
Click on Print Certificate to download the Udyam Certificate PDF.
Common Issues while Downloading the Udyam Certificate PDF
Sometimes, due to network issues or server load you may not receive OTP on time. This can cause issues with downloading.
Any mistake in typing in the Udyam Registration Number can lead to an issue. So, always double-check the number you entered before submitting.
High traffic or scheduled maintenance can cause the website to slow down or crash. Wait for some time and retry again.
Conclusion
Udyam Certificate is not just an official business proof. It provides legal recognition to the firm. The certificate allows access to benefits such as government subsidies tender opportunities, and legal protection. If you’re eligible for MSME registration. It is recommended that you register to get this certificate. You can follow the step-by-step guide to register on Udyam and then download the Udyam Certificate PDF.
FAQs
Ques: What is Udyam Certificate?
Ans: It is an official business registration document issued to registered Micro, Small, and Medium Enterprises.
Ques: Who is eligible for the Udyam Certificate?
Ans: Any business with an investment above 1 crore and an annual turnover of 250 crore is eligible to apply for a Udyam certificate.
Ques: How to download a PDF of a Udyam Certificate?
Ans: Follow the below steps to download Udyam Certificate PDF:
Visit the Udyam Registration Portal
Click on Print Udyam Certificate under the Print/Verify Tab
Enter your URN, and mobile number, and verify with OTP.
Download Udyam Certificate PDF.
Ques: Is the Udyam Certificate Mandatory for all businesses?
Ans: No, not all businesses need to get these benefits. Businesses who meet the eligibility criteria.
Ques: What is the validity of the Udyam Certificate?
Ans: Udyam Certificate has lifetime validity without any renewal.
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