It’s a success! Udyam Portal crosses 25 lakh registrations

ADAS , technology, ADAS SHOW 2023

New Delhi, March 10, 2021: The requirements for registering on the Udyam portal have been further simplified by the government. The objective of the Udyam portal is to provide a single-page registration, consume less time and simplify processes of registering any enterprise under MSME.

The definition and details, as given in the Notification dated 26.06.2020, had specified GSTIN as one of the mandatory conditions for registration on the Udyam Registration Portal, with effect from 01.04.2021. However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandatory is impacting the registration process as many enterprises are exempt from the mandatory requirement of filing GST Returns as per the GST Act/notifications. A significant proportion of MSME may have an annual turnover less than the threshold limit for exemption from registration under GST Act. The matter has been examined and a notification has been issued by the Ministry of MSME on 05.03.2021 to align the mandatory requirement for filing Udyam Registration with those for filing GST Returns, in the interest of those enterprises that are exempted from filing returns.

Further, the Udyam Registration portal has been a roaring success, with a massive response from the stakeholders on account of its simplicity, objectivity, and transparency, besides user-friendliness. As of 5.3.2021 (6.53 PM), the Udyam registration portal has achieved a total registration of 25,20,341.

This facilitation would further help various micro-enterprises including skilled craftsmen and artisans and other enterprises in the informal sector/unorganized sector to get the registration done easily. The proprietor may use his or her PAN for registration of the enterprise in the Udyam Registration Portal.

DRDO conducts successful flight test of Solid Fuel Ducted Ramjet