The Udyam Certificate is an official registration document issued by the Ministry of Micro, Small, and Medium Enterprises (MSME) of the Government of India. It certifies that your business qualifies as a micro/small/medium enterprise. This certificate includes the name of the enterprise, Udyam Registration Number (URN), registration date, industry (NIC) code, PAN, and contact details. This digital certificate (including QR code) is required to avail the benefits of government schemes such as credit guarantees, subsidies, government procurement (tenders), and loans.
The Udyam Registration system automatically updates the enterprise category based on turnover and investment each financial year. Therefore, it is important to keep all your business details updated timely manner. If there are any major changes to the business-such as a new address, changing the area of business, or increasing turnover – they should be updated on the Udyam portal. Outdated or incorrect information can delay the approval of the scheme application or even result in the denial of MSME benefits. For example, if the turnover of a micro enterprise increases to a higher threshold, an update is required to correct its category (micro/small/medium).
Common Reasons for Updating a Udyam Certificate
- If your office, shop, or factory relocates, the registered address must be updated on the Udyam Registration portal.
- If you change your mobile number, email ID, or contact person, these details must be included on the certificate.
- If your business’s primary activity changes, such as adding a new product line, updating the NIC code becomes necessary.
- Changes in annual sales or capital may change the MSME category. Therefore, updating the new turnover and investment figures is essential.
- Updating the Udyam certificate is required in cases such as a new partnership, conversion from a sole proprietorship to a company, or a change in the name of the enterprise.
- If there are errors in the name or details linked to the PAN or Aadhaar number, they must be corrected.
- If there is a change in the bank account or GSTIN number, these may also need to be updated on the portal.
Key Benefits of Udyam Certificate
The following are the benefits/advantages of getting an Udyam Registration Certificate made.
- Legal proof of MSME registration
- Easy and low-interest bank loans
- Unsecured loan facility
- Benefits from government schemes and subsidies
- Priority in government tenders
- Valid for life – no renewal required
- Easy online verification with QR code
FAQ’s For Udyam Certificate
How long is a Udyam Certificate valid?
The Udyam Registration Certificate is valid for a lifetime. Unlike the old MSME registration, it does not require repeated renewal.
What if you lose your Certificate?
If you lose your Udyam certificate, you can download it again from the Udyam portal at any time using your Udyam Registration Number and the registered mobile number associated with it.