In a country like India, MSME plays an critical role for the social growth and economic development of the country. MSME in India also in acts a major contribution towards producing, transport, jobs, and enterprise units in India. In India, the MSME industry is also popularly known as the Small Scale Industry (SSI).
According to the government’s dissolution, the Udyog Aadhar Registration is now named as “Udyam Registration” from 01/07/2020. With this easy procedure of registration all entities who are entitled and have a yearning to bind under the new definition of MSME’s granted by the GOVERNMENT OF INDIA.
Yes, Udyog Aadhaar Registration is replaced with the Udyam Registration. The ministry of MSME declared a notification dated 26.06.2020, that states that all the micro small-medium businesses should be registered under Udyam, and the enrolment process will be known as Udyam Registration.