UPSC Courses

DNA banner


  • 05 August, 2022

  • 5 Min Read



According to the Union Minister of Micro, Small, and Medium Enterprises, over one crore Micro, Small, and Medium Enterprises (MSMEs) have registered on the Udyam portal in the past 25 months.

What is the Udyam portal??

  • It was introduced on July 1st, 2020.
  • The Union MSME ministry introduced an online mechanism for registering MSMEs.
  • Additionally, it is connected to the databases of the Goods and Services Tax Network and the Central Board of Direct Taxes (CBDT).
  • A channel of communication and engagement between taxpayers, the federal government, several state governments, and other stakeholders is established via the complex and one-of-a-kind IT enterprise known as GSTN.
  • It is entirely online, doesn't call for any paperwork, and helps MSMEs operate more easily.


  • The MSME registration process is entirely electronic, paperless, and self-declaratory. No documentation or paperwork must be uploaded in order to register an MSME.
  • After registration, a Registration number will be provided.
  • An Udyam Registration Certificate will be issued once the registration process is complete. This certificate will feature a dynamic QR Code that may be used to visit the web page on our portal and information about the company.
  • PAN & GST connected information on an enterprise's investment and revenue will be automatically retrieved from the relevant government data repositories


  • This procedure will be incredibly easy and seamless for business owners.
  • It will serve as a model for ease of doing business both domestically and abroad.
  • Transaction costs and time will be cut. Entrepreneurs and businesses can concentrate on doing their actual jobs while being globally competitive.
  • Additionally, MSMEs support the nation's exports, GDP, and job creation.

New initiative

For the sharing of Udyam data, the MSME ministry inked MoUs with the Tourism Ministry and the National Small Industries Corporation.

Additionally, the Udyam registration Digi locker facility would be linked.

About MSME

  • The Micro Small and Medium Enterprises (MSMEs) industry make a significant contribution to the nation's socioeconomic growth.
  • Due to the sector's exports and contribution to India's Gross Domestic Product (GDP), the industry has grown significantly in prominence.
  • Additionally, the sector has made significant contributions to the growth of entrepreneurship, particularly in India's semi-urban and rural regions.
  • The Micro, Small & Medium Enterprises Development (MSMED) Act of 2006 specifies two categories into which Micro, Small & Medium Enterprises (MSME) are divided: Manufacturing Enterprises and Service Enterprises.

Source: PIB

India and Bangladesh Relations

India and Bangladesh Relations News: The 4th India-Bangladesh Annual Defence Dialogue, which was recently held in Delhi, decided to intensify the cooperation between the two-armed forces. Highlights Military training The discussions focused on the current bilateral training and exercises, and it was decided to make them more challeng

Digital Currency

Digital Currency Over 7% of India's population possessed digital currency in 2021, according to a recent report by the United Nations Trade and Development Body (UNCTAD). Additionally, India was rated eighth in terms of population ownership of digital currencies among the top 20 economies worldwide. HIGHLIGHT When it comes to

Booster Dose: Corbevax

Booster Dose: Corbevax According to a recent announcement from the Indian government, persons who have already taken Covishield or Covaxin as their first or second dosage of Covid-19 may take Corbevax as their third booster shot. Corbevax is still seeking the Emergency Use Listing (EUL)from the World Health Organization Up until this poin

Mid-day Meal Scheme

Mid-day Meal Scheme There is recent proof that children who receive eggs as part of midday meals have a considerable boost in their growth, according to a study commissioned by the Karnataka government. About the recent study            While the request to include additional dist

Declining Mangrove Cover: NASA STUDY

Declining Mangrove Cover NASA recently brought attention to the disappearance of mangroves on Katchal Island, which is a part of India's Nicobar archipelago. Findings Of NASA Mangrove loss: The study revealed how much of the world's mangroves have disappeared during the last two decades. On August 8, 2022, the NASA Earth


Search By Date

Newsletter Subscription
SMS Alerts