Key Points
Ease of Doing Business for MSMEs: To date, the portal has registered 2.01 crore MSMEs, including 1.94 crore micro, 5.54 lakh small and approximately 52,000 medium enterprises...
Ease of Doing Business for MSMEs: The governments MSMEs online registration and certification platform, Udyam, has achieved a significant milestone with two crores of MSME registrations..
The tweet read, In less than 3 years, the Udyam portal crossed the figure of more than 2 crore MSME registrations (including the Udyam Assist platform)...
Registration on Udyam provides a formal status to the MSMEs, making them eligible for benefits under Priority Sector lending and other MSME schemes such as Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), MSME SAMADHAAN (for delayed payments) amongst others...
It is worth noting that since the launch of the Udyam portal on July 1, 2020, till January 30, 2023, 6,222 crore MSMEs have shut down business during the financial year 2021-22..
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