Zero-cost Micro, Small & Medium Enterprises (MSME) registration Udyam portal Registration has crossed 50 lakh registrations in nearly 15 months.
Context
Zero-cost Micro, Small & Medium Enterprises (MSME) registration Udyam portal Registration has crossed 50 lakh registrations in nearly 15 months.
About udyam portal
- Udyam Portal was launched on 1 July 2020.
- It is a user-friendly portal.
- This is the only one portal of Government of India and Government's Single Window System.
- Apart from that, there is no other private online or offline system, service, agency or person that is authorized or entitled to do MSME Registration or undertake any of the activity related with the process.
- It is an official portal to register a new MSME or to re-register already registered EM-II (Entrepreneurs PART- II) or UAM Udyog Aadhaar Memorandum (UAM)
What is Micro, Small & Medium Enterprises (MSME)?
- Micro: In micro enterprise, the investment (in plant and machinery or equipment) value does not exceed 1 crore rupees and turnover does not exceed five crore rupees.
- Small: A small enterprise is that where the investment (in plant and machinery or equipment) value does not exceed 10 crore rupees and turnover does not exceed fifty crore rupees.
- Medium: A medium enterprise, where the investment (in plant and machinery or equipment) does not exceed 50 crore rupees and turnover does not exceed two hundred and fifty crore rupees.
