Udyam Registration Portal

Udyam Registration Portal | UPSC

HEADLINES:

New Process of MSME Registration takes off in the name of Udyam Registration from 1st July, 2020 as planned earlier

WHY IN NEWS:

www.udyamregistration.gov.in – a new portal for Udyam Registration launched by the MSME Ministry

MINISTRY? :-Ministry of Micro,Small & Medium Enterprises

SYLLABUS COVERED: GS 3: MSME

LEARNING:

For PRELIMS it is important to know the new registration process. Process , Documentation and the new system . We urge you to go through the new website once .

For MAINS well this is part of ease of doing business . Can you tell why and how New Zealand stands 1st in Ease of doing business ?

ISSUE:

The portal guides the entrepreneurs step by step as to what they should know, what they should do.

UDYAM REGISTRATION

Government has organized a full system of Facilitation for Registration Process.

Union Ministry of Micro, Small and Medium Enterprises (MSME) declared that the new process of Classification and Registration of enterprises is starting from 1st July, 2020.

An enterprise for this purpose will be known as Udyam and its Registration Process will be known as ‘Udyam Registration’.

HIGHLIGHTS OF THIS PROCESS ARE:

MSME registration process is fully online, paperless and based on self-declaration.
No documents or proof are required to be uploaded for registering an MSME.

Adhaar Number will be required for registration.

PROCESS

A Registration number will be given after registration , after completion of the process of registration, an Udyam Registration Certificate will be issued.

This certificate will have a dynamic QR Code from which the web page on the Portal and details about the enterprise can be accessed.

There will be no need for renewal of Registration.
PAN & GST linked details on investment and turnover of enterprises will be taken automatically from the respective Government data bases.
MSME Ministry’s online system will be fully integrated with Income Tax and GSTIN systems.
No enterprise is supposed to file more than one Udyam Registration.
However, any number of activities including manufacturing or service or both may be specified or added in one Registration.

CONTROL ROOM

Government ‘s Facilitation mechanism in the name of single window systems at Champions Control Rooms and at DICs will help people in this process.

IASbhai WINDUP:

Registration Process is totally free.
Ministry has expressed confidence that this process will be extremely simple, seamless entrepreneur friendly.
It will set an example in Ease of Doing Business, not only in India but internationally.
It will reduce transaction time and costs.
Entrepreneurs and Enterprises can focus on their real work and become globally competitive.

SUGGESTED READING : www.udyamregistration.gov.in

SOURCES:THE HINDU & PIB | DAILY CURRENT AFFAIRS for UPSC CSE Prelims & Mains

DISCOVER MORE : Important GS-3 Issues

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