Udyam registration portal for MSME

  • July 2, 2020
  • Posted by: OptimizeIAS Team
  • Category: DPN Topics
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Subject:Economy

Context:

Udyam Registration Portal developed by Ministry of Micro, Small and Medium Enterprises has become operational.

Concept:

Features:

  • MSME registration process is fully online, paperless and based on self-declaration. No documents or proof are required to be uploaded for registering an MSME
  • A Registration number will be given after registration
  • After completion of the process of registration, an Udyam Registration Certificate will be issued This certificate will have a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed.
  • PAN & GST linked details on investment and turnover of enterprises will be taken automatically from the respective Government data bases.

Benefits:

  • This process will be extremely simple, seamless 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.
economy Udyam registration portal for MSME