New simplified process for registration of MSME as Udyam begins

Prime News, National, Industry, New Delhi, July 1:- New process for registration of MSME as Udyam will commence from July 1. It will be fully online, paperless and based on self-declaration. No documents or proof are required to be uploaded for registering an MSME. Adhaar number will be required for registration. The new portal for Udyam registration is www.udyamregistration.gov.in

Micro, Small and Medium Enterprises Ministry said, the portal guides the entrepreneurs step by step as to what they should know, what they should do.

The ministry said after completion of the process of registration, an Udyam Registration Certificate will be issued. There will be no need for renewal of registration. It said the registration process is totally free. No costs or fees are to be paid in this regard.

The ministry has expressed confidence that this process will be extremely simple, seamless and entrepreneur friendly. It will set an example in Ease of Doing Business, not only in India but internationally. It will reduce transaction time and costs. Entrepreneurs and enterprises can focus on their real work and become globally competitive. (Inputs: Agencies, NGB)

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