WHAT IS UDYAM REGISTRATION?
The foundation of the economy is small enterprise. The government has made MSME Udyam registration referred to as Udyam registration. Complete your business registration with the MSME (Ministry of Micro, Small, and Medium Enterprises) and obtain Udyam certification. And take advantage of additional incentives to benefit from government initiatives. If you are registered as an MSME, there are many advantages you can take advantage of. Even while MSME registration is legally required, it will also enable you to receive a number of government perks. These advantages may include reduced credit interest rates, incentives for your product’s export, legislative aids for reservations, etc. The advantages of MSME Enterprises are obtained based on the classification of the size into micro, small, and medium.
➨If your business is classified as an MSME, you can obtain collateral-free loans as well as lower loan interest rates.
➨You can receive a 1% discount on your overdraft interest rate.
➨If you have MSME registration, obtaining government license and certifications is simple. If you submit an application, the government will also refund you for the money you spent on the ISO certification, assuming you have one.
➨Many government contracts are only made available to MSME businesses.
➨You can save up to 50% on patent applications for your technology without a coupon.
➨In the event that payments are delayed, you will be safeguarded. In the case of a consumer who has purchased a product from you, for instance, it is their obligation to pay you within 15 to 45 days. A compound interest charge on the principal amount, equal to three times the interest rate in the bank, will also be due if the consumer doesn’t make their payment within 45 days.
➨If you apply as an MSME business, you can receive a discount on your power payment.
HOW TO CHECK UDYAM REGISTRATION VALIDITY?
You must log into your account at Udyam Registration and input your 12-digit unique Udyam registration number as well as the OTP you received on your registered cellphone number to verify the validity of your Udyam registration. Once logged in, click the “login” button and enter your “Username” or “Password” depending on whether you have a UIDAI online account or not. If you have, click on either of them while completing the necessary information, such as your name, email address, etc . It will launch a new window where all of these are filled out automatically based on the information already entered through this procedure (which could take some time) (which may take some time). The next step in this process is to select one of the three options now accessible, “Verify” , “Check Application Status” or “Download Certificate.” If a problem arises during the verification process, choose option 3 to avoid getting stuck in another circumstance later on. Once this option has been chosen, no additional changes can be made without first fixing all of the problems before moving on to the completion stage.
Also read Benefits of Udyam registration
HOW TO APPLY FOR RE-REGISTRATION OF UDYAM REGISTRATION?
Business entities that have previously been registered under UdyogAadhaar must re-register under Udyam in order to obtain a permanent unique identity. The Udyam Registration Certificate for your company is crucial to obtain. Renewal of your business registration is a straightforward procedure. It is simple to re-register your business if you follow the steps below:
➨Visit : UdyogadharCertificate.in
➨Obtain a special identifying number for registration.
➨After inputting the UdyogAadhaar Number, complete the form with accurate information.
➨Make an online payment.
➨Give one of the executives the authority to process your application.
➨Within two hours, you will receive your Udyam certificate through email.
You will require the following documents in order to complete the re-registration:
➨Organization’s full name.
➨Organizational category, according to the NICS.
➨Name and Aadhar number of the business owners, PAN number, Present address.
➨Owners’ email address and phone number.
➨ Owners’ bank account information.
➨Information about prior registration.
➨Total number of personnel employed by your company.
Given the difficult procedure and extensive processes, Udyam re-registration could seem a bit laborious. However, when you have a reliable companion at your side, it is straightforward and simple. The customer-friendly approach and comprehensive service of National Tenders are well renowned. The organization has a specific Udyam registration team.
