What is the Udyam Registration Number and how to use it?

Udyam registration is very important for all entrepreneurs in India. The process of Udyam registration is very simple and easy online, with no need for paperwork. After successfully registering the Udyam certificate and getting the Udyam registration number, the Udyam registration number has 19 digits, and it was very important for entrepreneurs to download the Udyam certificate if they forgot their Udyam certificate gained through the Udyam registration number.

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 identity proof of who registered the Udyam.  This Udyam number is aligned by the MSMEs. Which is a government-launched programme 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 which 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 identity proof of business. 

Benefits of Udyam registration number:

Legal Acknowledgement:

MSME registration offers businesses present formal recognition under the Ministry of Micro, Small and Medium Enterprises, Government of India. This legal acknowledgement enhances the integrity of the business, making sure it is regarded as 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 programmes 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.

How To Get The Udyam Registration Number?

Step 1: Visit the official website of Udyam at 

Step-2: Select the new registration of 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 Udyam Registration Number represents the authorised recognition of your business as an MSME.

• Accessing government schemes: Enables participation in schemes tailored for MSMEs, such as credit guarantees, financial subsidies, and benefits under the Atmanirbhar Bharat package.

• Improved loan eligibility: Facilitates access to priority sector financing and priority lending benefits available through CGTMSE.

• Tax concessions and tariff relief: Eligibility for discounted power tariffs, 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.

You Can Apply for Udyam Re-Registration Through Udyam Portal

Conclusion: 

The Udyam registration number plays a key role for entrepreneurs in India. The Udyam Registration Number helps to grow your business. Through the Udyam registration number, access to a lot of government schemes and subsidies. And the Udyam registration number is provided as the unique identity number of your business. The Udyam registration is not updated when you are updating the Udyam certificate.