Udyam Portal of Ministry of MSME achieves landmark one crore registrations
The Ministry of MSME celebrated the landmark of 1 crore registrations on
its Udyam Portal today. Following the adoption of the revised definition of
Micro, Small and Medium Enterprises (MSMEs) on 26th June, 2020,
which is based on investment in plant & machinery or equipment; and
turnover, the Udyam Registration Portal was launched on 1st July, 2020.
The revised definition did away with the distinction between manufacturing and
services enterprises. The Udyam Portal is linked to the databases of CBDT and
GSTN. It is fully online, does not require any documentation, and is a step
towards Ease of Doing Business for MSMEs.
Speaking on the occasion, Union Minister for MSME Narayan Rane and MoS Bhanu
Pratap Singh Verma highlighted the need for Udyam registrations and underscored
its utility as an identity for MSMEs to avail benefits of schemes for Ministry
of MSME and for Priority Sector Lending of banks. Rane also stressed on the
contribution made by MSMEs in GDP, exports and employment generation.
In a span of 25 months, as many as 1 crore MSMEs have registered on the
Udyam portal on a voluntary basis and declared that they employ 7.6 crore
people, of which 1.7 crore are women.
The Ministry of MSME signed MoUs with Ministry of Tourism and NSIC for
sharing of Udyam data. On the occasion, the Digi Locker facility for Udyam
Registration was also launched.