Udyam Reg

The idea behind introducing Udyam Registration was to simplify the procedural format that business owners had to go through to register their business under Micro Small Medium Enterprise or MSME.

Before the introduction of Udyam Registration, the procedural format for the same was quite hectic and a time-consuming bureaucratic process that used to require handling of lots of paperwork. However, with the introduction of Udyam Registration, things have changed and to some extent, have improved for medium, small, and micro-enterprises.

If you own a medium, small or micro-enterprise and you haven’t registered your MSME yet, you should know that on registering your MSME via Udyam Registration, you will be liable to enjoy numerous benefits.

Prior to the UAM system, there used to be a former system of EM-I/II (Entrepreneur Memorandum). Under this system, entrepreneurs used to opt for a heterogeneous system.

Some of them used to rely on the national portal, and some of the states had their portal for carrying out MSME registration. Additionally, Few of them used to rely on manual paperwork.

However, things have changed after the replacement of the old system.