Introduction:
The Micro, Small, and Medium Enterprises Development (MSMED) Act, 2006 provides the legal framework for the classification and registration of MSMEs in India. The government has recently replaced the earlier Udyog Aadhaar Memorandum (UAM) registration process with the Udyam Registration process. Existing MSMEs that have registered under the UAM process need to upgrade to the Udyam…
Introduction:
Micro, Small, and Medium Enterprises (MSMEs) are crucial to the growth and development of any economy. In India, MSMEs contribute significantly to employment generation, manufacturing output, and export earnings. However, despite their importance, MSMEs often struggle to access credit, technology, and markets, which limits their growth potential. To address these challenges, the…
