Amit Bhattacharjee & Associates: MSME Registration

Union MSME Ministry launched the Udyam Registration Portal on 1st July 2020. The portal has proven its worth both in terms of flexibility and features. At present, the portal has more than 11 lakh registered MSMEs (Micro, Small and Medium Enterprises) that have completed their registration process on a self-declaration basis. The Finance Minister introduced this registration process as a part of the Prime Minister’s relief package amid Covid 19 pandemic. Every businessman has somewhat idea about Udyam registration that these are for getting benefits of government schemes but the confusion in the minds is what is the difference between MSME Registration and Udyam Registration?