In today’s corporate competition, effective recognition and registration are essential for business development. Udyam Registration grants micro, small, and medium enterprises (MSMEs) in India an identity that allows them to enjoy many government benefits.
In this article, we will guide you on everything about the Udyam Registration Number (URN), benefits, eligibility, and a simple method of obtaining one.
What Is Udyam Registration?
Udyam Registration is a formal process of registration for MSMEs on a single platform. Udyam Registration was designed to replace the worst Udyog Aadhaar Memorandum (UAM) to promote ease of doing business, transparency, and a full electronic registration for MSMEs in India. Once you have registered, you will receive a Udyam Registration Number as an acknowledgement that your venture is recognized as an MSME.
What Is Udyam Registration Number (URN)?
A Udyam Registration Number (URN) can be described as a singular identification number, which is given to every MSME after its Udyam registration has been completed. This can be thought of as a digital identity of your business, and is necessary to access several schemes, subsidies, and benefits provided by the Government.
How To Get Your Udyam Registration Number?
Obtaining your Udyam Registration Number (URN) is easy and done entirely online. Here are the steps:
- Go to the official Udyam Registration portal.
- Enter your Aadhaar number (proprietor/partners/directors) and validate it via OTP.
- Enter the details of your business: name, address, type of enterprise, PAN, and GST (if applicable).
- After confirming all details, submit the form.
- Once approved, your Udyam Registration Number (URN) and certificate are then generated instantly.
Documents Required To Register For Udyam Registration
Udyam Registration is simple and almost paperwork-free. It requires less documentation because it is Aadhaar-based. You will need the following information:
- Aadhaar Number: The Aadhaar number of the owner(s) or the company’s director(s). This number is mandatory for identity verification.
- PAN Card: The PAN Card information of the business entity or owner.
- GST Number: If applicable.
- Proof of Business Address: A document evidencing the registered business address can be a rental agreement, electricity bill, or any government document.
Who Needs A Udyam Registration Certificate?
It is necessary to have a Udyam Registration Certificate for the following:
- Micro, small, and medium enterprises (MSMEs) involved in manufacturing or the provision of services
- Entities that are seeking to obtain government-related subsidies, tax benefits, and funding
- Businesses that wish to receive bank credit or develop a credit program for MSMEs through various schemes
- Development of enterprises looking to get on the registry to bid on tenders, procurement, or export benefits.
Key Benefits Of Having A Udyam Registration Number
A Udyam Registration Number (URN) provides multiple advantages to micro, small, and medium enterprises (MSMEs), facilitating their expansion and establishment. The advantages include:
- Ease of access to bank loans: Using bank loans through URN-accredited means allows MSMEs access to loans at subsidized interest rates, which indirectly provides time for a business to expand before becoming financially burdened
- Access to government schemes and grants: Having the URN as a legally recognized entity provides enterprises with even more eligibility to access various types of grants or financial assistance from the government.
- Legal recognition as an MSME under the MSME Act: The MSME registration defines a business as an MSME and legally protects the business and the owner in accordance with the MSME Development Act.
- Preference for government contract procurement: Registered MSMEs have an advantage over non-registered MSMEs when it comes to government contracts, procurement, and purchases.
- Enhanced credibility: A URN also increases the legitimacy of their business as it is a government registration; clients and investors innately trust a business that has it.
- Ease of administration: Udyam registration also places emphasis on easier processes of filing, certification, and approval for various boards.
Choose Udyamita Helpline To Obtain The Udyam Registration Number
Udyamita Helpline offers professional assistance to facilitate the Udyam registration process.
- Guides to complete each stage of the registration application.
- Confirms that the documents and information entered are correct before filing.
- Provides emergency help to obtain the URN and certificate on time.
- Provides assistance to update/migrate the Udyog Aadhaar number to the Udyam registration.
You can simply connect with our experts via phone call mentioned on the website, or simply email us at advisor@udyamitahelpline.com.
FAQs
Where Do I Get My Udyam Registration Number?
On the official Udyam Registration portal, after completing your registration.
What Is The Udyam Registration Number Used For?
To access government schemes, loans, and tenders, and legally identify your MSME.
Is the Udyam Registration Number And The Aadhaar Number The Same?
No. Aadhaar identifies an individual; URN identifies your business.
Who Is Eligible For Udyam Registration?
Micro, Small, and Medium Enterprises engaged in manufacturing or service activities under the MSME criteria.
