Udyam Registration for MSME Business

Indian Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country's economy. For decades, however, government recognition, access to schemes, and access to finance were aches for these companies.In view of this issue, the government introduced "Udyam Registration," which was a replacement of the centuries-old "Udyog Aadhaar" scheme.This new system not only facilitates the identification of MSMEs with ease but also computerizes the entire process, making it transparent and convenient. Let's see how Udyam Registration has facilitated the identification of MSMEs with ease and why it is better than Udyog Aadhaar.