Exclusive: Udyog Aadhaar Memorandum for MSMEs to remain valid, but not for long
Ease of Doing Business for MSMEs: Entrepreneurs Memorandum-II (EM-II) and/or Udyog Aadhaar Memorandum (UAM) registrations would remain valid for businesses to continue operating under the MSME category as of now, according to a government official.
The validity of two MSME licenses, which was extended till December 31, 2021, from earlier March 2021, (after the launch of the Udyam portal in July 2021) would remain for some time for such MSMEs to migrate to the new portal and continue receiving benefits including Priority Sector Lending offered by the government to the MSME sector.
“While the UAM/EM-II was valid till December 31, 2021, but MSME can migrate to Udyam Registration portal if they desire to continue as an MSME,” the official told Financial Express Online on anonymity. The exact timeline for the expiry of two registrations is yet to be announced.