If you run your own business and want a loan from a bank, you can apply under the MSME scheme. To obtain a loan through MSME, you will need your enterprise registration certificate. Without this certificate, the loan application process cannot be completed. It is a user-friendly portal. MSMEs means micro, small and medium enterprises.
In such situations, many people become concerned about obtaining an Udyam Certificate. Therefore, we are explaining in detail about Udyam Certificate Online Registration, through which you can obtain your certificate in a short time.
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What is udyam registration?
Udyam Registration is a initiative in India introduced by the Ministry of Micro, Small, and Medium Enterprises (MSME). The Central Government is providing various benefits to business owners under the MSME Scheme. Therefore, having an Udyam Certificate is essential. Through this certificate, you can avail various types of training, loans, etc.
Who Can Apply?
Any business, whether it is an existing enterprise or a new one, can apply for Udyam Registration if it falls under the Micro, Small, or Medium Enterprise category as defined by the Government of India. The criteria are as follows:
- Micro Enterprises:
- Investment: Less than ₹1 crore in plant and machinery or equipment.
- Annual Turnover: Less than ₹5 crore.
- Small Enterprises:
- Investment: Less than ₹10 crore in plant and machinery or equipment.
- Annual Turnover: Less than ₹50 crore.
- Medium Enterprises:
- Investment: Less than ₹50 crore in plant and machinery or equipment.
- Annual Turnover: Less than ₹250 crore.
Udyam Registration Certificate Process
- To register your enterprise, you must visit the official website https://udyamregistration.gov.in.
- After visiting the website, click on the New Entrepreneurs Registration option.
- A new page will open, where you’ll need to enter your Aadhaar Number and Entrepreneur’s Name.
- After this, you’ll need to verify your Aadhaar card using the Validate & Generate OTP.
- Once you verify the OTP, a new page will open.
- Here, you will need to select the Type of Organization.
- Next, you’ll need to enter all the business-related information, such as name, address, plant unit, office address, NIC code, number of people employed, and bank account details.
- Now, click on the Submit & Get Final OTP option.
- After this, enter the OTP and submit the form.
This will successfully complete your Udyam registration, and you will receive your Udyam Registration Number. Keep this number safely. The Udyam certificate is the certificate provided by the Ministry of MSME.