In a progressive move to empower micro, small, and medium enterprises (MSMEs), the Government of India introduced a simplified and fully digital registration process known as Udyam Registration. This system, launched on July 1, 2020, replaces the earlier Udyog Aadhaar system and mandates all existing and new MSMEs to register under this updated framework.
Running a business comes with several responsibilities, and one of the most important steps for small and medium-sized enterprises in India is getting registered under the MSME (Micro, Small and Medium Enterprises) framework.
Udyam Registration is important for small businesses in India that want to register as Micro, Small, or Medium Enterprises (MSMEs). It allows them to take advantage of government schemes and support, helping them grow in a competitive market.
