Technology for MSMEs: The Modi government’s new paperless portal to ease MSME registration – Udyam Registration, launched on July 1, 2020, has crossed the 20-lakh-registration mark. As of February 1, 2021, the portal had registered 20,29,095 MSMEs, up 84.4 per cent in the past three months. The number of registered MSMEs as of November 7, 2020, stood at more than 11 lakh, according to the data from the MSME Ministry. The latest figure was shared by MSME Minister Nitin Gadkari in a written reply to a question in the Rajya Sabha. Udyam Registration is currently integrated with the Central Board of Direct Taxes and GST networks along with the public procurement portal Government e-Marketplace for end-to-end digital registration by MSMEs.
“On 1st July, 2020, after enactment of new definition of MSMEs, a new registration portal ‘Udyam Registration’ has been launched by M/o MSME and so far 20,29,095 MSMEs are registered on the portal in All India,” Gadkari said in his reply in the upper house of the Parliament on Monday. MSMEs are not required to upload any documents or proof except the Aadhaar number for registration. The government has also organized a single-window system at Champions Control Rooms, which are set up at MSME Development Institutes across India, and district industries centres for facilitating the process.
Source: Financial Express
