The COVID-19 pandemic has created a massive economic disruption, especially for small businesses and MSMEs. To help businesses navigate through this challenging period, the Indian government has introduced several relief measures and schemes aimed at providing financial assistance, enhancing liquidity, and boosting business recovery.
The COVID-19 pandemic reached the second stage in India and was soon expected to move into the third stage, where the virus would spread from clusters to communities. A developing country like India, where a major part of the GDP depends on MSMEs, was at risk of facing a deep economic crisis.
Running a small business comes with a lot of responsibilities. You need the right documents, licenses, and certifications to operate smoothly and gain recognition. One such important document is the Udyam Registration Certificate. It confirms that your business belongs to the Micro, Small, or Medium Enterprises (MSME) category.