Setting UP New Units of MSMES

New Delhi : Union Minister for Micro. Small and Medium Enterprises Shri Narayan Rane in a written reply in the Rajya Sabha today said that The Government of India simplified the process of registration of MSMEs by replacing the UdyogAadhaar Memorandum (UAM) with Udyam Registration (UR) on1st July 2020.

UR is free of cost, transparent, online, hassle free and is based on self-declaration.

It does not require any documents and has an automatic integration with ITR and GSTIN. During the second wave of Covid -19 pandemic MSMEs continued to register on UR Portal.

MSMEs can avail the benefits of schemes such as Prime Minister Employment Generation Programme (PMEGP)/Rural Employment Generation Programme (REGP)/Micro Units Development & Refinance Agency (MUDRA) and the announcements made to provide relief to MSMEs from the problems faced due to COVID-19 pandemic.  The number of Projects and Employment generation under PMEGP during 2020-21 as on July, 2021 are 91,054 and 7,28,432,  respectively.