Activities carried out by government units that are specifically attributable to other areas of classification should be classified in the appropriate class of NIC and not in division 75 “Public administration and defense; compulsory social security” July 01, 2020.
The Priority Sector Lending (PSL) guidelines are issued by the Reserve Bank of India. RBI has issued guidelines on Priority Sector Lending vide its circular no RBI/FIDD/2020- 21/72 Master Directions FIDD.CO.Plan.BC.5/04.09.01/2020-21 dated September 04, 2020.
Udyam Registration portal is a single-window portal, on self-declaration with no documents required to upload, papers, certificates, or proof.
And all the existing MSME enterprises and businesses must re-register/convert to Udyam on or before 31st March 2021 to enjoy the MSME Benefits.
Benefits of Udyam Registration
There are many benefits for registering under Udyam.
The process for Udyam Registration is fully digitalized and Paperless. There is no need to upload any document
Registration Process is totally free. No Costs or Fees are to be paid to anyone.
An e-certificate, namely, “Udyam Registration Certificate” shall be issued online on completion of the registration process.
This certificate has a dynamic QR Code from which the web page on our Portal and details about the enterprise can be accessed./li>
Apply for Udyam Registration Today!
The Government of India, Ministry of Micro, Small and Medium Enterprises vide Gazette of India, Extraordinary, Part-II, Section-3, Sub-Section(ii), Dated the 26th June 2020 notified composite criteria consisting of both investment and turnover as criteria for classifying the enterprises as Micro, Small and Medium Enterprises with effect from the 1 stday of July,
In order to confirm the new definition of MSMEs and ease of doing business this system would facilitate MSMEs for permanent Registration i.e 'Udyam Registration'.
The Priority Sector Lending (PSL) guidelines are issued by Reserve Bank of India. RBI has issued guidelines on Priority Sector Lending vide its circular no RBI/FIDD/2020- 21/72 Master Directions FIDD.CO.Plan.BC.5/04.09.01/2020-21 dated September 04, 2020. Accordingly, the categories under priority sector are (i) Agriculture (ii) Micro, Small and Medium Enterprises (iii) Export Credit (iv) Education (v) Housing (vi) Social Infrastructure (vii) Renewable Energy (viii) Others.
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