Government Backing for MSMEs: Benefits of Udyam Registration

Micro, small, and medium enterprises (MSMEs) form the backbone of India's economy and contribute significantly to urban employment. To recognise their pivotal role, the Government of India has implemented several schemes to promote and empower these industries. One of the most effective changes, "Udyam Registration" was launched in July 2020. It provides formal recognition to MSMEs, paving the...

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