With more than 42.5 million units, the Small and Medium sector or SME sector is considered to be the pillar of India's economic development. The SME sector contributes to more than 45% of the total Indian manufacturing output. Keeping in mind the efforts of this sector, the Ministry of Micro, Small and Medium Enterprises India, under the able supervision of the Government of India, launched the Udyog Aadhaar facility. As many as 79,65,984 enterprises are registered on Udyog Aadhar Portal up to 15 November 2019. (This report was published by Shri Nitin Gadkari, Union Minister for Micro, Small and Medium Enterprises).
On July 01, 2020, the Government of India declared a new online process of MSME registration known as ‘Udyam Registration’ for the enterprise. The government introduced this process to simplify the registration procedure for startups, entrepreneurs and promote ease of doing business. And as per the notification of the Ministry of MSME, all existing enterprises registered under EM–Part-II or UAM (MSME/ Udyog Aadhaar) shall register again on the Udyam Registration portal on or after the 1st of July 2020.
Here we have resolved the query on Is Udyog Aadhaar And Udyam registration are same? Read further to know the difference between Udyam and Udyog Aadhaar. The Indian government presented a few business conspires and changed the business meaning of MSME. As of late, Govt gave the new Udyam Registration Portal, which is the MSME Department's another activity to enlist the new route for enrollment of MSME or Udyog Aadhar.
Udyog Aadhar Registration will now be called as Udyam Registration. This Registration is an easy process for all units which are eligible to get covered under the new definition of MSME's provided by the GOVERNMENT OF INDIA. Every Startup and MSME Companies get benefit of the various schemes launched by Government by getting themselves registered under New MSME Legislations. msmeregistrar.org will register you as a udyam Company very easily. This udyam Registration will give you more benefits to enjoy the Government Schemes.