Udyam Portal

Udyam Portal

News: According to Government data, retail and wholesale traders are topping the table of top 10 segments or subsectors in the Micro, Small and Medium Enterprises (MSME) sector based on the number of registrations on the Udyam portal.

About:
 Launched by Union MSME ministry, it is the only government portal for registration of MSME’s and it provides free-of-cost and paperless MSME registration.

Eligibility for MSME registration:
 All entities classified as Micro, Small, and Medium enterprises as per the MSME classification are eligible to apply for MSME registration.
 An individual cannot apply for MSME registration.
 A proprietorship, partnership firm, company, trust, or society with an investment below Rs.50 crore and annual turnover below Rs.250 crore is eligible for MSME registration.
 The portal provides instructions for the registration process. No enterprise shall have more than one Udyam Registration.
 It is also integrated with the Central Board of Direct Tax (CBDT) and Goods and Services Tax (GST) networks.