After the spread of pandemic ‘Covid-19’, GOI has announced many relief packages for the sector to boost industry as well as the economy of the country. Government initiatives include ease of doing business, digital India, start-ups, easy loans , Make In India, subsidies, moratorium for loans, reduced rate of interest, simple tax compliances & transparency in working to make ‘Atma Nirbhar Bharat’. Govt is also working on several initiatives, such as preparation of huge land pools, to attract potential investors to India amid the corona virus-triggered turbulence. The government has re-defined MSME law & relaxed many provisions accordingly so that many enterprises can avail benefits available, including those which were earlier deprived off. The govt has introduced the concept of ‘Udyam Registration’ w.e.f. 01/07/2020 for existing registered under ‘em-ii’ & ‘Udyog Aadhaar Memorandum - UAM’ as well as new MSME enterprises.
GSTIN Number are mandatory for Udyam Registration from 01.04.2021. You are advised to apply for GSTIN Number immediately and update the same on this website by 31.03.2021, to avoid suspension of Udyam Registration.
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MSME Registration is also known as Udyog Aadhaar is a twelve-digit Unique Identification Number provided by the Ministry of Micro, Small and Medium Enterprises, Government of India for small and medium enterprises. It is also known as Aadhaar for Business. As of July 2018, more than 48 lakh MSMEs are registered under Udyog Aadhaar.
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