The Economic Impact of Udyam Registration on Small Businesses
Introduction The introduction of Udyam Registration in India has marked a significant step toward fostering the growth of Micro, Small, and Medium Enterprises (MSMEs). Launched by the Ministry of Micro, Small and Medium Enterprises (MSME) on July 1, 2020, Udyam Registration replaces the earlier process of Udyog Aadhaar and aims to simplify the registration process,…