Supporting MSMEs can have a far-reaching impact on the overall economic progress of a country as they create employment opportunities, drive industrial growth, and increase exports. The Udyam registration launched in July 2020 is an initiative by the Government of India. It seeks to provide MSMEs with various benefits that they can use to grow and thrive.
What is Udyam registration?
In simple terms, the Udyam registration is a mandatory certification from the Ministry of Micro, Small and Medium Enterprises that MSMEs receive upon signing up on the official government portal. With an MSME Udyam Aadhaar registration, the enterprise receives a unique twelve-digit Udyam registration number (URN) that they can use to avail of various government subsidies, schemes, and incentives.
