Udyam Certificate: How often should you update

The Udyam certificate is essential for all entrepreneurs in India. The benefits of the Udyam certificate are access to the government schemes and expanding the business through it. The Udyam certificate updating is also important. The update Udyam certificate to access all government schemes and subsidies.

The government initiative that provides a unique identification number to small businesses is based on their self-declared details, such as investment in plant and machinery or equipment, turnover, etc. The benefits of the Udyam Certificate are access to government schemes and subsidies, Easier access to loans and credit at lower interest rates, eligibility for MSME tenders, protection against delayed payments, and preference in government procurement policies.

Benefits of Keeping Your Udyam Registration Certificate:

  • Regular updates ensure you stay eligible for subsidies, tax benefits, and credit support programmes.
  • Improved Loan & Credit Approval Chances: Banks and NBFCs check Udyam data when offering collateral-free loans, low-interest MSME credit lines. Having up-to-date turnover and investment details improves your credibility.  
  • Eligibility for Government Tenders: Many tenders require an updated Udyam Certificate and correct NIC code (industry type). Updating ensures you don’t get disqualified due to outdated or incorrect data.
  • Protection Under MSME Laws: Updated details help in filing delayed payment complaints and getting priority in arbitration and also accessing legal support under MSME Samadhan Acura.
  • Classification of Your Business: Your MSME classification (Micro, Small, or Medium) may change based on turnover, investment in plant & machinery, benefit eligibility, tax exemptions, and compliance levels.
  • Supports Business Growth and Expansion: Updated NIC codes and business activities allow you to add new verticals, participate in new schemes and markets, and expand your operations without compliance issues.

What can be updated?

  • Business name: If you changed your business name and also updated it in the Udyam certificate.
  • Contact Information: If you can change the office address, mobile number, and email address are also required to change them on the Udyam certificate.
  • Business activity: If you can change the business activity, it requires updating the Udyam certificate.
  • Ownership details: If there are changes in the structure of the ownership, such as a new partner, it is required to change the Udyam certificate.
  • Investment in plant & machinery: If your business expands and also increases the turnover, it is required to update the Udyam certificate.

How often should you update the Udyam certificate?

Step 1: Visit the official portal of Udyam.

Step 2: Logging your Udyam portal using your Udyam registered ID and mobile number. Enter the credential; you will get the OTP and enter the OTP.

Step 3: Click on ‘validate OTP & login.

Step 4: Click the update Udyam registration.

Step 5: The portal is displaying the current details of your business. You want to select what kind of information you may want to update.

Step 6: To upload the supporting documents, it is required to update the information.

Step 7: Once you upload all kinds of documents you need to require, kindly check it twice carefully.

Step 8: Click on the submit button, and the portal will display the confirmation message and acknowledgement. And also received the tracking number and monitored the status of the portal. 

Apply for Udyam Re-Registration Through Udyam Portal

Conclusion:

The updating of the Udyam certificate is very easy and simple. And also, you can be updated on the online portal using your Udyam-registered credentials; you can update the Udyam certificate and you may access the latest government benefits and schemes. To follow some steps and carefully update your Udyam certificate.

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