Udyam registration is a new MSME method introduced by the Indian government on July 1, 2020, to streamline the traditional MSME registration process. The name Udyam refers to the enterprises that were previously known as Udyog Aadhaar Registration, and the enrolment or registration procedure will now be referred to as Udyam Registration.
MSMEs will now be known as “Udyam,” according to a notification issued by the Union Ministry of Micro, Small, and Medium Enterprises (MSME) on June 1, 2020. The new online Udyam Registration procedure will now be more straightforward and straightforward. It provides numerous chances for micro, small, and medium-sized businesses and assists them in achieving their objectives.There are numerous advantages to MSME Udyam Registration that entrepreneurs and new businesses can take advantage of.