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How To Update The Udyam Registration Certificate?

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By Author: Udyam
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For micro, small, or medium-sized enterprises (MSMEs) owners, the Ministry of Micro, Small & Medium Enterprises launched the Udyam registration portal to verify MSME status. The government program assigns a unique identification number to small businesses based on their self-reported information. MSME owners can get many benefits if they register their business in the Udyam registration portal.
Through this article, we will explore everything about updating Udyam registration certificates.
First, let's know about some benefits of the Udyam registration certificate download.

Benefits of the Udyam Certificate
Access to government schemes and subsidies,
Higher access to loans and credit at a reduced rate
Eligibility for MSME tenders
Protection against payment delay Preference in government procurement policy.

What information do you need to update on your existing Udyam certificate?

To update your Udyam registration certificate, you will need your original application details.
Application Name.
Registered Mobile Number.
Registered Email ID.
Udyam ...
... Registration Number.

Steps to Update Udyam Registration Certificate
The following are the steps to update your Udyam Registration certificate.
Visit the official Udyam Registration Portal.
Visit the page to update the Udyam Registration Certificate.
Complete the MSME/Udyam update by entering your details, such as your name, contact number, email ID, and Udyam Registration Number.
Provide the details that you want to update in your Udyam registration certificate.
Choose the option between mobile and email ID where you want OTP
Enter the verification code that appears on the screen to verify the process
At last, click on apply.

Your Udyam registration certificate will be updated within 24 hours


Who can update the Udyam Registration certificate?
Updating the Udyam Registration Certificate is a process to be performed by the authorized signatory of the company, in most cases, the proprietor, managing partner, or an authorized director. This ensures that the information provided is correct and binding by law. The Ministry of Micro, Small, and Medium Enterprises (MSME) emphasizes that registration and further renewal shall only be completed through the official Udyam Registration Portal. No private agency or person may execute these activities on behalf of the enterprise.

Note: You can't Update your
Applicant's Name
State
District
Aadhaar Number
Udyam Registration Number
When do you need to update the Udyam registration certificate?
Modifications in business: In case a change in business details has occurred after initial registration, for example, enterprise name or contact details, you must update your Udyam registration.
Business upgrade: When micro or small businesses cross the required turnover thresholds, they must update their Udyam registration to include the new classification, such as from small to medium.
Modification of Business Activities: Any deletion or modification of specific business activities or sectors must be accompanied by a change in the Udyam registration to keep the information updated and accurate.
Further Edits of Udyam Data: Udyam registration should be revised whenever there is a notable change in the legal status, ownership, organizational structure, or character of the business operations.

ALSO READ:- Print Udyam Certificate Online
Advantages of having an updated Udyam certificate
Top Advantages of Having Your Udyam Registration Certificate Up-to-Date Access to Current MSME Schemes:
Keeping it up to date ensures you remain eligible for subsidies, tax allowances, and credit support schemes.
Improved Loan & Credit Approval Chances: Banks and NBFCs authenticate Udyam details while offering collateral-free loans and low-interest MSME credit lines. Submitting the latest investment and turnover data makes you more credible.
Eligibility for Government Tenders: The majority of tenders require an updated Udyam Certificate and accurate NIC code (industry type). Staying updated helps you avoid disqualification due to outdated or incorrect data.
Protection Under MSME Laws: Updated information aids in lodging delayed payment complaints and procuring priority in arbitration and also legal aid under MSME Samadhan.
Classification of Your Business: Your MSME class (Micro, Small, or Medium) might shift based on turnover, plant & machinery investment, entitlement for benefit, tax concession, and levels of compliance.
Facilitates Business Growth and Development: New NIC codes and activities allow you to launch new verticals, get involved in new schemes and markets, and scale up your business without compliance issues.

In Conclusion:
By updating your Udyam Registration Certificate, you remain eligible to obtain the latest MSME schemes, increase opportunities for loan and credit approval, maintain your self-eligibility for government tenders, and facilitate business growth and development. It also helps in the accurate categorization of your business, along with protection under the MSME Acts.

website: https://registrationmsme.com/

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