The process for registration of micro, small and medium enterprises as per new Udyam Registration will begin from Wednesday, July 1, 2020.

1. An MSME in the country will now be known as ‘Udyam’ since it is closer to the meaning of an enterprise.

2. Udyam Registration is an online platform allowing users to apply on self-declaration with no requirement for documents of proof, barring Aadhar, as per the notification issued by the MSME ministry.

3. Udyam Registration is fully upgraded with the IT and GST systems.

4. Businesses that already have the EM-II (entrepreneurs memorandum) or Udyog Aadhaar Memorandum or any other registration issued by an authority under the MSME ministry, will have to re-register themselves under Udyam.