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February 1, 2025, was a landmark day as Finance Minister Nirmala Sitharaman presented the Budget 2025-26 in Parliament. Among several key announcements, a major relief was introduced for Micro, Small, and Medium Enterprises (MSMEs)—the credit card limit was increased from ₹5 crore to ₹10 crore.
Additionally, micro-industry entrepreneurs (small business owners) can now avail an MSME credit card with a limit of up to ₹5 lakh. If you want to benefit from this scheme, you must first register on the Udyam Portal. Here’s a step-by-step guide on how to do it.
Step-by-Step Guide to Register on the Udyam Portal
To apply for an MSME credit card, follow these steps to register on the Udyam Portal:
Step 1: Visit the Official Udyam Portal
Go to the official Udyam Portal: https://msme.gov.in/
Click on the ‘Quick Links’ section.
Select ‘Udyam Registration’ from the options.
Step 2: Aadhaar Verification
A registration form will appear. Enter the following details:
Aadhaar Number
Entrepreneur’s Name
An OTP (One-Time Password) will be sent to the Aadhaar-linked mobile number.
Enter the OTP to verify your Aadhaar details.
Step 3: PAN Verification & Business Details
A PAN verification page will open.
Provide details about your previous ITR (Income Tax Return).
Fill in business details in the ‘Udyam Registration For’ section:
Business Name & Address
Bank Details
Business Location
Number of Employees
Other necessary business information
Step 4: Submit & Get Your Udyam Certificate
Click on Submit to complete the process.
An OTP will be sent to your registered mobile number.
Enter the OTP and click on Submit.
Your Udyam e-Registration Certificate will be sent to your registered email ID.
Important Documents Required for Udyam Registration
Aadhaar Card
PAN Card
GST Number (if applicable)
Benefits of Registering on the Udyam Portal
Priority in Bank Loans – Registered MSMEs get easier access to credit from banks.
Government Scheme Benefits – Avail benefits from various central government schemes.
Higher Loan Eligibility – Eligible businesses can apply for loans up to ₹10 crore under the new policy.
By registering on the Udyam Portal, MSME owners can secure financial assistance, expand their businesses, and enjoy government benefits with ease. Get registered today and take advantage of the MSME credit card scheme!
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