Question
On which portal must an enterprise register to be
officially recognized as an MSME (Micro, Small, and Medium Enterprise) in India?Solution
• To be classified as an MSME, enterprises are required to register on the Udyam Registration Portal launched by the Ministry of MSME. • Upon successful registration, businesses are issued an Udyam Registration Certificate, which serves as official proof of MSME status. • Benefits of Udyam registration include access to: o Priority sector lending, o Subsidies and incentives, o Easier access to government schemes and tenders. • Other terms like UDGAM, UDYOG, UNNAT do not relate to official MSME registration. Hence, the correct answer is UDYAM.
GST is a consumption of goods and service tax based on
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