Udyam Registration Portal for MSMEs Becomes Operational

Udyam Registration Portal has become operational which was developed by Ministry of Micro, Small and Medium Enterprises. The new process of classification and registration of enterprises has started as already declared vide notification dated 26th June, 2020.

Daily Current Affairs Quiz 2020

Key-Points

The new MSME registration process is completely online, paperless and based on self-declaration.

The new MSME registration process will be extremely simple, seamless and entrepreneur-friendly.

It will also help set an example in Ease of Doing Business, not only in India but internationally as well.

It will also reduce transaction time and costs and the entrepreneurs and enterprises will be able to focus on their real work and become globally competitive.