What is the government's rationale behind introducing the Udyam Registration system, and what are its expected benefits for small businesses in India?

The government’s rationale behind introducing the Udyog Aadhar Registration system is to provide a simplified and single-window registration process for micro, small, and medium enterprises (MSMEs) in India. The system aims to streamline the process of registering and obtaining various benefits and schemes offered by the government, including easier access to credit, subsidies, and other…
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