According to the MSME status, the government is considering dealers as it will allow them to make use of the benefits provided to micro, small and medium-sized enterprises, Union Minister Nitin Gadkari said on Tuesday 18th August 2020.
On July 1, 2020, the Government of India launched the new registration process for micro, small and medium-sized enterprises (MSMEs) under the name Udyam Registration. The micro, small and medium-sized enterprises (MSME) notification released by the Ministry of MSME on 26 June 2020 will now be known as Udyam. The new registration process will begin from1 July 2020.
India's Ministry of MSME launched an initiative to enlist MSME. The mission became live on July 1st, 2020. Prior to the notification, it was known as Udyog Aadhaar / MSME registration. The Government Of India has confirmed the program would be focused entirely on self-declaration. Any entrepreneur would not have to upload any documents or evidence except the Aadhaar registration number. That simply means what you need is a valid Aadhaar Number to register your business as UDYAM Registration. One has to visit udyamregister.in to register under this MSME initiative.
MSMEs will now be known as Udyam according to the notification released by the Ministry of Micro Small Medium Enterprises (MSME) on 1st June 2020. And the process of registering a firm as an Udyam will be called Udyam Enrollment Registration. Government Udyam Registration Portal is a portal focused on self-declaration, without inserting or submitting any document/certificate/paper.
MSME registration more popularly known as Udyog Aadhaar Registration will be known as Udyam Registration. This Company registration will provide you with more benefits to enjoy Government Schemes. The notification says that hereafter, an MSME is called as Udyam. Accordingly, the registration process is going to be known as Udyam Enrollment Registration.