Udyam Registration 2024: Process, Eligibility & Benefits of MSMEs

Thecrspl03 Apr, 2024Legal

As we know there is an essential contribution in the nation GPD of MSME (Micro, Small, and Medium Enterprises). They provide a large number of employment to people. As per the source around 110 million are employed at MSMEs. Despite of performing a vital role for the nation still these enterprises face lots of challenges while growing and expanding their roots. In order to help these businesses the Government body eventually took action on May 12, 2020 when new metrics were announced for these businesses. All MSMEs would be recognised as "Udyam" and they have to register in Udyam registration process2024.