MSME Loan: How to Update or Change Details in Udyam Registration Certificate

When you are running a micro, small, or medium enterprise (MSME), keeping your documentation updated isn’t just a good practice; it’s essential for smooth operations and financial growth. One such critical document is your Udyam registration certificate. Whether you’re applying for an MSME loan, exploring new government schemes, or planning to scale your operations, having up-to-date details on your certificate can save you time and trouble. To know more, read the blog below!

What is Udyam Registration

Introduced by the Ministry of Micro, Small and Medium Enterprises, this online process replaced the older Udyog Aadhaar system. Udyam registration is the government-recognised process that officially certifies your business as an MSME in India.

Once registered, you receive a unique Udyam Registration Number (URN) and a certificate that contains essential business details like:

• Name and type of enterprise
• PAN and Aadhaar numbers
• Address and content information
• Investment and turnover details
• Bank account information
• Number of employees

This certificate serves as a gateway to various MSME benefits, including subsidised interest rates on MSME loans, priority sector lending, and faster approval for government tenders.

Step-by-Step Guide to Update or Change Details in Udyam Registration Certificate

You might need to update your certificate due to changes in your business, like a new address, revised turnover, or correction in any detail. Here’s how you can do it online in just a few steps:

Step 1: Visit the Official Udyam Portal

Go to the official website (udyamregistration.gov.in).

Step 2: Click on ‘Update Udyam Registration’

You will find this under the ‘Print/Update’ tab in the top menu.

Step 3: Enter Your Udyam Registration Number

You will also be asked to verify your Aadhaar number through OTP.

Step 4: Access Your Certificate

Once logged in, you can view and edit your Udyam details.

Step 5: Make the Necessary Edits

You can update your business name, PAN and GST details, turnover and investment, address or contact details, bank account details and more.

Step 6: Submit the Updated Details

Double-check all changes and click ‘submit’. Your certificate will get updated instantly or within a few hours.

Common Mistakes to Avoid While Updating Udyam Certificate

Even a small error can lead to rejection when you apply for a Business Loan or government schemes. Make sure you steer clear of these pitfalls:

• Using Incorrect PAN or Aadhaar Number: Always cross-verify before submission.
• Mismatch in GST and Udyam Details: Ensure your GST registration matches your Udyam information.
• Skipping Bank Detail Updates: If you have switched accounts, update the new one to avoid transaction delays.
• Entering Incorrect Turnover or Investment Amounts: These values impact your MSME classification.
• Delaying Updates: Regularly update your certificate to reflect business growth or changes.

How Updated Udyam Registration Helps When You Apply for a Business Loan

An accurate and updated Udyam Registration Certificate directly improves your Business Loan eligibility. Here’s how:

If you’re looking for a quick and stress-free loan, Poonawalla Fincorp offer a Business Loan of up to ₹75 lakh with 100% paperless application process and at competitive interest rate.

Apply for Poonawalla Fincorp’s Business Loan

Follow the 3 simple steps below:

Step 1: Click on “ Apply Now ”

Tap on the ‘Apply Now’ button to initiate your application.

Step 2: Enter Your Details

Enter your DOB, PAN card number, monthly income, and residential details.

Step 3: Upload Your Documents

Upload the necessary or required documents for quicker approval.

Once your verification is successful, the loan amount will be disbursed into your bank account instantly.

To Conclude

Udyam registration certificate is more than just a formality; it’s the official proof of your MSME identity. By keeping it updated, you make yourself eligible for government schemes, tax benefits, and easy access to MSME-focused financial products. So, don’t wait until the last minute. Make it a habit to review and revise your Udyam details whenever there’s a change in your business.

Frequently Asked Questions

1. When should I update my Udyam Registration Certificate?

You should update your certificate whenever there is a change in your business details such as address, turnover, investment, bank account, or contact information.

2. Is there a fee for updating Udyam Registration details?

No, updating your Udyam Registration Certificate on the official portal is completely free of cost.

3. What happens if I enter incorrect turnover or investment details?

Incorrect financial data can misclassify your MSME status and affect your eligibility for loans and schemes. Always double-check before submitting.