MSME / Udyam Registration in India
1. What is MSME / Udyam Registration in India? MSME / Udyam Registration in India (formerly known as Udyog Aadhaar) is a government certification for Micro, Small, and Medium Enterprises issued by the Ministry of Micro, Small and Medium Enterprises (Ministry of MSME). Udyam Registration is free, 100% online, and provides MSMEs with official recognition, access to government subsidies, priority sector lending from banks, tax benefits, and legal protection against delayed payments under the MSMED Act, 2006. Launched on July 1, 2020, the Udyam Registration portal replaced the earlier Udyog Aadhaar system with a more robust framework that automatically fetches data from GST and Income Tax portals. MSME / Udyam Registration in India is now based on investment in plant and machinery or equipment and annual turnover. It is mandatory for businesses to register as MSME if they want to avail benefits under government schemes like PMEGP, CLCSS, ZED Certification, and coll...