The Ministry of Micro, Small and Medium Enterprises (MSME) issues an e-certificate known as the Udyam registration certificate to MSMEs in India. The Udyam registration certificate is also known as the MSME registration certificate.Udyam Aadhaar is a unique registration mechanism for MSMEs introduced by the Ministry of Micro, Small and Medium Enterprises (MSMEs) It enables MSMEs to register themselves for free and obtain the Udyam Aadhaar number.
In order to be eligible for Udyam Aadhar, enterprises must fit into the following classification outlined by the Ministry of Micro, Small and Medium Enterprises. This is on basis of their investment (in plant and machinery or equipment) and turnover.
Micro Small and Medium Eenterprise (MSME’s) contribute significantly to the country’s GDP and employment opportunities. The Indian government has introduced several schemes and initiatives, including the Udyam Aadhar Certificate, to promote the growth of MSME’s. Which aims to simplify the process of business registration.