New Online System of MSME/Udyam Registration

 The new online system of MSME/Udyam Registration launched by Union Micro, Small and Medium Enterprises (MSME) Ministry, w.e.f. July 01, 2020, has stood the test of Time & Technology as more than 11 lakh MSMEs have successfully registered themselves by now.

Highlights:

♦ Ministry of MSME had revised the definition of MSMEs and process of registration w.e.f. July 01, 2020. It also launched a new portal for MSME/Udyam registration (https://udyamregistration.gov.in). 

♦ The portal is working smoothly. This portal is seamlessly integrated with CBDT (Central Board of Direct Taxes) and GST (Goods and Service Tax) networks as also with the GeM (Government e-Marketplace). It may be noted that through this integration, now MSME registration is a totally paperless exercise. 

♦ Ministry has instructed all of its Field Establishments such as MSME-Development Institutes, MSME Technology Centers, NSIC, KVIC, Coir Board to extend full support to entrepreneurs for Udyam Registration. 

♦ All District Magistrates and District Industries Centers have been requested to expedite registration by the MSMEs. 

♦ Grievances of MSMEs relating to registration are being handled by CHAMPIONS’ platform through its network of Central Control Room and 68 State Control Rooms across the country. 

♦ The registrations till October 31, 2020 (more than 10 Lakh), the trend and broad picture is as follows:- 

♦ Nearly 3.72 lakh enterprises have registered under the Manufacturing category whereas 6.31 lakh enterprises under the Service sector. The share of Micro Enterprises is 93.17% whereas Small and Medium Enterprises are 5.62% and 1.21% respectively.

♦ About 7.98 lakh enterprises are owned by Male whereas 1.73 lakh enterprises by Female entrepreneurs. 11,188 enterprises are owned by Divyangjan entrepreneurs. The Top 5 Industrial sectors of registrations are – Food Products, Textile, Apparel, Fabricated Metal Products and Machinery & equipment.

♦ And about 1,01,03,512 persons have been given employment by these registered units. 5 leading States for Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh and Gujarat.

♦ Registration without PAN is permitted up to 31.03.2021 as a transitional arrangement. Similarly, Registration without GST number is also permitted up to 31.03.2021 as a transitional arrangement. 

♦ Enterprises which are not yet enlisted, should enrol themselves to profit the advantages of Ministry of MSME and other Government offices. The enlistment is liberated from cost and ought to be done uniquely on the Government entrance appearing .gov.in.