Many MSMEs do not understand the difference between the Udyam Annexure Certificate and the Udyam Registration Certificate and mistakenly believe that the Udyam Registration Certificate is sufficient for all compliance and financial requirements. However, banks require a Udyam Annexure Certificate whenever processing a loan, as it contains detailed financial insights of the MSME owner. https://www.udyogregister.in/articles/udyam-annexure-compliance-document