Udyam certificate provides access to cheaper credit: Check details here

If you don't have GSTIN, wait till further clarity on whether the same is mandatory for registration

Meera Shah (name changed) is a 40-plus entrepreneur from Mumbai. Recently, when she applied for a home loan, the lender asked her for the Udyam certificate as it would increase her chances of getting a loan. And she is in luck. On March 5, the government said entrepreneurs and proprietors who are exempted from filing goods and services tax (GST) returns can now register on the Udyam registration portal via their permanent account number. 

What is Udyam?

Udyam is a portal for the registration of micro, small and medium enterprises (MSMEs). To obtain Udyam registration, one has to apply on