New online system of MSME/Udyam Registration crosses 50 lakh mark



Quick Summary
The Union MSME Ministry's new online Udyam Registration system, launched on 1st July 2020, has successfully registered over 50 lakh Micro, Small, and Medium Enterprises (MSMEs). This milestone highlights the system's effectiveness and smooth operation. The registration process is entirely paperless, integrated with tax and government procurement networks, and remains free of charge. Businesses are encouraged to register to access various government benefits.

New online system of MSME/Udyam Registration launched by Union MSME Ministry, w.e.f. 1st July, 2020, has stood the test of Time and Technology as more than 50 lakh MSMEs have successfully registered themselves by now. These include over 47 lakh Micro organisations and 2.7 lakh Small Units. It may be stated that Ministry of MSME had revised the definition of MSMEs and process of registration w.e.f. 1st July, 2020. It also launched a new portal for MSME/Udyam registration (https://udyamregistra
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FAQ :

The Udyam Registration system is a new online portal launched by the Union MSME Ministry on 1st July 2020 for registering Micro, Small, and Medium Enterprises (MSMEs).

More than 50 lakh MSMEs have successfully registered through the Udyam online system.

Yes, the Udyam registration is a completely paperless exercise, thanks to its seamless integration with CBDT, GST networks, and GeM.

No, the Udyam registration is free of cost and should only be done on the official government portal.

Assistance is available through nearby DICs, the Ministry's CHAMPIONS' Control Rooms, or by visiting https://champions.gov.in.




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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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