On 1st July, Ministry of Micro, Small and Medium Enterprises launched & operationalised Udyam Registration Portal. The new registration process is expected to boost up ‘Ease of Doing Business’ and reduce transaction time and costs. Udyam Registration Portal A new process of classification and registration of MSME Enterprises has been launched on July 1, 2020 …
On 1st June 2020, Prime Minister Shri Narendra Modi launched the technology platform MSME Champions for making the smaller units big by solving their grievances, encouraging, supporting, helping and handholding. It is a real one-stop-shop solution of MSME Ministry. Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength. CHAMPIONS This ICT based system is set up to help the …
The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006 to address policy issues affecting MSMEs as well as the coverage and investment ceiling of the sector. MSMED Act (2006) provided for enterprises to register with DIC and file Entrepreneurs Memorandum (EM)1 & EM2. However, the process was difficult and need for hassle free …
