- Business Standard
What is Udyam registration for MSMEs?
Udyam is an online system for registering micro, small and medium enterprises launched by the Union MSME Ministry on July 1, 2020. The government had also revised the definition of MSMEs from the same date. More than 88 lakh MSMEs have successfully registered themselves to date through the Udyam registration portal. Any person can avail a free Udyam registration for their enterprise through a fully digital and paperless process based on self-declaration. Udyam registration is a prerequisite for availing the benefits of schemes or programs of the Ministry of Micro, Small & Medium Enterprises such as the Credit Guarantee Scheme, public procurement policy, additional edge in Government Tenders, and protection against delayed payments etc.
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