Whenever you start a new business or run one in India, there are always some challenges associated with it. There will be many such challenges related to funding issues or not getting the right recognition for the business, and due to such challenges, micro, small, and medium enterprises struggle to move forward. But there’s a simple way to unlock many government schemes and support by applying for a Udyam Certificate.
Udyam registration has been introduced by the Government of India, due to which MSMEs get formal recognition. MSMEs can first register their business by visiting the website of the Udyam registration portal. After that, when the registration process is completed, MSMEs get a certificate.
This certificate contains a unique 16-digit Udyam registration number and QR code. The certificate also contains a lot of information about MSMEs, such as what is the name of the business, what is its type, PAN, Aadhaar, and information about business-related activities.
This process is completely online and paperless, and after completing the Udyam registration, the business owner also gets the benefit of many government benefits, which help them in expanding business and stay competitive in the market.
In this article, we will know how to apply for Udyam registration and what benefits you will be able to enjoy if you have a Udyam registration certificate.
Who can apply for Udyam registration?
If your business falls in any of the three categories given below, then you are eligible to apply in the Udyam registration portal.
- Micro Enterprises: Investment up to 2.5 crores and turnover up to 10 crores
- Small Enterprises: Investment up to 25 crores and turnover up to 100 crores
- Medium Enterprises: Investment up to 125 crores and turnover up to 500 crores
How to apply to get your Udyam certificate
If you want a Udyam certificate for your MSME, then first of all, you have to complete the Udyam registration process. For that, follow all the steps given below and complete the Udyam registration process in a few minutes:
- First of all, go to the official Udyam Registration Portal.
- There will be a Udyam Registration form; fill in all the information asked for in the form correctly.
- When you have filled in all the information correctly, enter the verification code.
- After the verification process is completed, click on Submit Application.
When your whole process is completed and the application is verified, you will receive the Udyam Registration Certificate in your e-mail ID which you mentioned in the form.
Note: Please provide an active mobile number and email ID only.
Why should you apply for the Udyam Certificate?
Here, it is explained that the Udyam Certificate opens doors to many government benefits.
Access to government loans and subsidies
Registered MSMEs can apply for
- Collateral-free loans under the Credit Guarantee Trust Micro and Small Enterprises Scheme
- Loans at low interest rates under Mudra Yojana
- Credit at subsidized rates for technology upgradation and working capital
- Faster loan approvals under priority lending norms
- This helps reduce financial stress and improve business cash flow.
Protection Against Delayed Payments
Businesses get legal protection under the MSME Development Act. If buyers delay payment for more than 45 days, MSMEs can file a complaint and also get interest compensation. This ensures steady income and trust in trade.
Participation in Government Tenders (GeM Portal)
With the Udyam Certificate, you can also register on the government e-marketplace and bid for government tenders. You also enjoy:
- Tender fee exemptions
- EMD waivers (Earnest Money Deposit)
- Priority selection for MSMEs in public procurement
- This creates huge opportunities to grow your client base and revenue.
Subsidies for ISO Certification and Trademark
The government provides financial support for:
- Getting ISO certification
- Trademark registration for brand protection
Concession in Electricity Bills and Patent Fees
Udyam-registered businesses may apply for:
- Electricity bill rebates from state departments
- Concessions in patent application fees for innovation
- Refund of barcoding fees under product labeling schemes
- This reduces operational costs and encourages innovation.
Easier Bank Loans and Credit Support
Banks and NBFCs treat Udyam-registered MSMEs as low-risk borrowers. With a Udyam Certificate, you enjoy:
- Faster loan processing
- Priority sector lending
- Credit support
This improves your credit profile and boosts financial stability.
Eligibility for Startup and Export Schemes
Startups and export-oriented MSMEs with Udyam Registration get:
- Access to Startup India benefits
- Export promotion subsidies
- Market development assistance
You Can Apply for Udyam Annexure Download Through Udyam Portal
Conclusion
Whether you have any kind of business, like a startup, manufacturer, trader, or service provider, a Udyam Certificate can transform your business journey. It offers financial relief, legal protection, branding support, access to the government market, and a subsidy. Because of this, you get a lot of benefits, due to which you can invest more of your mind and time in your business.
And the best thing is that it is a 100% online process, and if you want, you can register your business by filling out the form on the Udyam Registration Portal and get the certificate.
