Udyam Registration certificate:
The Udyam Registration Certificate, also known as the Udyam Certificate or MSME certificate, is a document issued by the Government of India to recognize and certify micro, small, and medium enterprises (MSMEs) under the Udyam Registration process. This initiative, introduced by the Ministry of Micro, Small, and Medium Enterprises (MSME), aims to promote the growth and development of small businesses by providing them with various benefits and support.
How to Download/print Udyam Registration Certificate with URN ?
To download or print your Udyam Registration Certificate, you need to follow a few simple steps:
- Step 2: Enter the udyam registration number exactly as it appears on the udyam certificate.
- Step 3: Fill out the other required information like - applicant name, mobile number, email ID, and state.
- Step 4: Enter the verification code in a given field and check both boxes for accepting terms and conditions, then click on the “submit” button.
- Step 5: Pay the application charges, to print the udyam certificate.
- Step 6: Once our representative does all verification, an applicant will receive udyam certificate on their registered email.
Benefits of udyam certificate for MSMEs :
The Udyam certificate offers several benefits for MSMEs (Micro, Small, and Medium Enterprises):
-
Access to Government Schemes and Incentives :
Registered MSMEs are eligible for various government schemes and incentives, including subsidies, grants, and credit-linked capital subsidies. These schemes aim to promote the growth and development of MSMEs by providing financial assistance and support for capacity building.
-
Priority Sector Lending :
Banks and financial institutions are mandated to allocate a certain percentage of their lending to priority sectors, including MSMEs. Having the Udyam certificate can help MSMEs access credit facilities with preferential terms, such as lower interest rates and relaxed collateral requirements.
-
Ease of Doing Business :
Udyam registration simplifies various regulatory processes for MSMEs, reducing bureaucratic hurdles and paperwork. It provides a single identification number for all registrations, making it easier for MSMEs to comply with regulatory requirements and access to government services.
-
Market Access and Procurement Preferences :
Many government procurement policies prioritize purchases from MSMEs to promote local entrepreneurship and economic development. Registered MSMEs may receive preference in government tenders, contracts, and procurement processes, providing them with opportunities to access larger markets and increase their business volume.
-
Technology and Skill Upgradation Support :
Some government schemes offer support for technology adoption, modernization, and skill upgradation for MSMEs. These initiatives aim to enhance the competitiveness of MSMEs by enabling them to adopt innovative technologies, improve productivity, and enhance product quality.
-
Tax Benefits and Exemptions :
MSMEs registered under the Udyam scheme may be eligible for various tax benefits and exemptions, including income tax exemptions, GST benefits, and customs duty concessions. These fiscal incentives help reduce the tax burden on MSMEs and improve their profitability.
-
Financial Assistance for International Trade :
MSMEs engaged in export activities can access financial assistance, export promotion schemes, and trade facilitation services provided by government agencies. These initiatives aim to promote exports, enhance market access, and increase the competitiveness of MSMEs in international markets.
Overall, the Udyam certificate provides MSMEs with a range of benefits, including financial support, market access, regulatory simplification, and capacity-building assistance, thereby enabling them to thrive and grow in a competitive business environment.
