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article preview: – Udyam Registration Online for MSME’s

From July 2020, the Union Ministry of Micro, Small and Medium Enterprises introduced a new mechanism to register and classify MSMEs. Known as Udyam registration, it lets new and existing businesses register themselves on the MSME portal. Following is the classification of such ventures as per the latest guidelines: Classification Investment in plant, and equipment Turnover Micro enterprise Less than INR10000000 Less than INR50000000 Small enterprise Less than INR100000000 Less than INR500000000 Medium enterprise Less than INR500000000 Less than INR250000000 Eligibility requirements The Government has removed the difference between enterprises in the manufacturing industry and… Read

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