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In a move to digitize India and streamline processes better, the Udyam Registration Portal is a new and improved tech-first system launched by the Ministry of Micro, Small & Medium Enterprises to boost and facilitate MSME growth in India and provide all the necessary support to MSMEs across the board.
An Udyam Registration, also known as an MSME Registration, comprises of a government sign-off provided along with a Recognition Certificate and a Unique Number. This is instrumental if you wish to certify that your small or medium business or enterprises is legal and operational.
For micro or smaller business enterprises, the Udyam Registration takes place under the Ministry of MSME, GOI.
While the usage of the terms MSME Registration/Udyog Aadhaar belong to the old system of registration, where a UAM Number was generated for confirmation. With effect from 1st July 2020, the MSME Registration/Udyog Aadhaar has been migrated to the new system called Udyam Registration. It is mandatory to migrate to Udyam Registration even if you have already obtained MSME Registration.
In normal circumstances, it takes around 1 to 2 weeks to generate the Udyam Certificate after generating your Udyam Registration Number.
There is a defined set of criteria that you are expected to meet to be classified as a medium, small or micro-enterprise for obtaining the MSME registration.
In order to streamline the process of providing all the required support to MSMEs throughout India within one detailed portal, and to eliminate the middlemen, the government launched this system. Here, every MSME can register their enterprise and easily apply to avail its various benefits granted from time to time by the Ministry of MSME.
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