- Financial Express
Udyam Portal: Here’s how govt is marking financial years to classify businesses as MSMEs....
Ease of Doing Business for MSMEs: The classification of MSMEs through the Udyam portal was put in place with effect from July 1, 2020, when the portal was launched. The government had revised the MSME definition last year to provide post-Covid benefits to more enterprises that were earlier outside the realm of the MSME sector.
Frozen data of 2018-19 has been considered for MSME registration and classification during the year 2020-21,the government said. (Representative image)
Ease of Doing Business for MSMEs: MSME Ministry has issued a clarification to the queries raised by MSMEs with respect to the selection of the financial year for providing data related to investment, turnover, and export value for classification as MSME while registering their units on the new Udyam Registration portal