In India, the governing body has taken the Udyam registration process of micro, small and medium enterprises (MSMEs) under control through a registration portal. This registry provides business owners with a Unique Identification Number (URN), which helps them avail various incentives like subsidies, flexible financial assistance and government schemes.

What is Udyam's registration number?

The Udyam registration number is a unique identification number. The Udyam registration number is granted by the Micro, Small, and Medium Enterprises (MSMEs) in India. After successful compilation of Udyam registration to get the Udyam registration number, it looks like UDYAM-XX-00-0000000. The Udyam registration is proof of the identity of who registered the Udyam. This Udyam number is aligned by the MSMEs. It is a government-launched program established to enhance and develop small businesses in India. Additionally, to register the Udyam certificate, access the various MSMEs and government schemes, like financial benefits, subsidies, and schemes that are provided by the government. 

The Udyam registration number is mandatory for all MSMEs in India. The Udyam registration number is no longer needed. If you renew your Udyam certificate, don’t change the Udyam registration number; it is a permanent proof of business identity. 

How to Get a Udyam Registration Number Using Aadhaar

Step 1: Visit the official website of Udyam at 

Step 2: Select the new registration of the Udyam option.

Step 3: Enter all the details in the application form, like:

• Name of the applicant.

• Mobile number.

• Email ID.

• The PIN code corresponds to the state district.

• Gender.

• Social category.

• Business name.

• Date of commencement of business

• Address of the business.

• Type of organisation.

• Main business activity of enterprises.

• Investment plan and machinery.

• Annual turnover.

• Adhar, PAN, and GST details and bank details.

• Additional details of the business.

Step 4: Enter the verification code.

Step 5: Submit the application form.

Step 6: After verification, get the Udyam registration number (URN) with 19 digits. 

Step 7: After you go to Download and print the Udyam section to enter the URN number after you get the URN certificate.

The Use Of Udyam Registration Number (URN): 

• Proof of MSME Registration: The movement registration number will get your business recognized by the government as a Micro, Small and Medium Enterprise (MSME), which is required for schemes, subsidies, and many other benefits.

• Accessing government schemes: Provides opportunity to participate in schemes designed for MSMEs such as loan guarantees, financial assistance and benefits under the Atmanirbhar Bharat Package

• Improved loan eligibility: It enables you to avail the benefits of financial assistance and incentives related to key sectors available through CGTMSE.

• Tax concessions and tariff relief: Eligible for subsidized electricity rates, GST relief and additional central/state benefits

• Tendering benefits: Enterprises with a URN receive waivers on EMD and priority purchasing rights in public tenders.

• Business authentication system: Government departments and businesses can verify your URN digitally to establish your MSME credentials.

Benefits of Udyam registration number:

Legal Acknowledgement:

MSME registration provides businesses with central government recognition of Micro, Small and Medium Enterprises (MSMEs) by the Government of India. This legal recognition enhances the integrity of the business, making it valid and consistent for customers, suppliers and financial institutions. Operating as registered as an MSME shows that the business meets regulatory requirements, promoting confidence and reliability with its stakeholders.

Access to public welfare programs and subsidies:

MSME-registered businesses obtain access to special government incentives, subsidies, and financial assistance. This eligibility indicates compliance with regulations and growth potential, enhancing credibility and enhancing the business appeal to investors, partners, and customers. 

Improved access to credit and financial assistance:

One big challenge for small businesses is accessing credit. Banks and NBFCs refer to the offer of loans to register the MSMEs because of lower risk. And also, MSME allows businesses to secure no-collateral loans, reduced interest rates, and easier credit approvals, boosting financial credibility.

Improved market standing:

MSME registration improves the business’s market reputation. Customers and corporate clients only trust recognised businesses, considering them as reliable and secure. This reputation nurtures customer loyalty and lasting partnerships.

Favour in public and private sector tenders:

MSME registration offers formal certification under the Ministry of Micro, Small, and Medium Enterprises, Government of India. This legal recognition improves the business's credibility, making certain it’s perceived as dependable and compliant with regulations, building trust with stakeholders.

Security against late payments:

One of the major benefits of MSME registration is that it provides security from delayed payments. Under the MSMED Act, buyers are required to settle payments within a stipulated period, and registered MSMEs can approach the facilitation council for dispute settlement. This legal protection upholds financial stability and improves business image.

You Can Apply for Update Udyam Certificate Through Udyam Portal

Conclusion:

Obtaining an Udyam Registration Number using your Aadhaar is a process that allows MSMEs to get their business recognized by the government, and qualify for various government schemes. By following a simple process and providing authentic information, all entrepreneurs can quickly complete the registration process without the need for paperwork or third-party assistance. With your MSME registration active your business is better positioned to access government funding, business  growth opportunities, and legal protection that will help it grow and thrive in the future of your business.