Mumbai: More than 11 lakh enterprises have got themselves registered under the new process for registration of Micro, Small and Medium Enterprises (MSMEs) that has come into effect in the name of ‘Udyam Registration’ from July 1.
The new process launched in July offers online system of registration for MSMEs. This follows revised definition of MSMEs announced by Finance Minister Nirmala Sitharaman in May as part of the relief package for the industry amid the Covid-19 outbreak.
Under the changes, the MSME Ministry has also launched a new portal for MSME/Udyam registration. The portal has also been seamlessly integrated with CBDT and GST networks as also with the GeM. Through this integration, government is now offering now MSME registration as a totally paperless exercise.
According a statement from the MSME Ministry, the government has instructed all of its Field Establishments such as MSME-Development Institutes, MSME Technology Centers, NSIC, KVIC, Coir Board to extend full support to entrepreneurs for Udyam Registration. Similarly, all District Magistrates and District Industries Centers have been requested to expedite registration by the MSMEs.
Grievances of MSMEs relating to registration are being handled by CHAMPIONS’ platform through its network of Central Control Room and 68 State Control Rooms across the country.
As per the analysis of the registrations till October 31, 2020 (more than 10 Lakh), 3.72 lakh enterprises have registered under Manufacturing category whereas 6.31 lakh enterprises under Service sector.
