BusinessWhat is Udyam Certificate Verification and Why is it Important?

What is Udyam Certificate Verification and Why is it Important?

Now, let’s first understand what a Udyam Certificate is

What does ‘verification’ mean?

Verification of the Udyam Certificate simply means checking if the certificate you have get is genuine or not.

Suppose someone gives you a Udyam certificate and says that it is a registered MSME identity card. How do you know for sure whether the certificate is genuine or not? This is when verification comes in. You can easily verify the certificate by putting the number on the government’s Udyam Portal and checking if it’s genuine or fake.

This process is very simple and can be done by anyone online for free.

Why is verification necessary?

Actually, many people think that once you have registered your business, all the work related to Udyam registration is done. Let’s know about it:

1. Ease of getting a bank loan

If you’re applying for an MSME loan, the bank first verifies your Udyam Certificate. If your certificate isn’t verified, you may face difficulties in getting the loan. The bank wants to verify that you’re truly a registered MSME.

2. To fill government tenders

SMEs enjoy special priority in government contracts. However, when you are about to submit a tender for a contract, you need to ensure that your Udyam Certificate is verified. If not verified, you cannot enjoy the benefits that MSMEs enjoy.

3. To avail of GST and tax benefits

There are some benefits that can be availed when a business is registered as an MSME. If the certificate is verified, you can easily avail yourself of these benefits.

4. Preventing fake certificates

Fraud has become a major issue these days. People misuse government facilities by generating fake Udyam Certificates.

How to Verify Udyam Registration—The Easy Way

The process to verify your MSME Udyam Registration certificate online is quite simple. You have to follow the following steps:

Step 1: First, you have to visit the Udyam Registration Website

Note: To check the verification status, you have to visit the government’s Udyam website, not the private consultancy one (In the private consultancy website, you can get all kinds of Udyam Registration services)

Step 2: On the home page, you have to search for the “Verify Udyam Registration” option.

Step 3: You have to enter your Udyam Registration number. Your Udyam registration number is generally found on your certificate in the following format: UDYAM-XX-00-0000000.

Step 4: Once this OTP process is completed, you can see all the information regarding your business.

You have to follow these simple steps to verify your certificate.

Read this: https://udyamindia.in/articles/how-to-login-udyam-without-number.php 

Who should verify your Udyam certificate the most?

A common misconception – are Udyam registration and verification the same or not?

Conclusion

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