Udyog Aadhar, the procedural format for the same was quite hectic and a time-consuming bureaucratic process that used to require handling of lots of paperwork. However, with the introduction of Udyog Aadhaar, things have changed and to some extent, have improved for medium, small and micro-enterprises.
If you own a medium, small or micro enterprise and you haven’t registered your MSME yet, you should know that on registering your MSME via UAM (Udyog Aadhar Memorandum), you will be liable to enjoy numerous benefits.
Before the introduction of the UAM system, there used to be a former system of EM-I/II (Entrepreneur Memorandum). Under this system, entrepreneurs used to opt for a heterogeneous system.
Some of them used to rely on the national portal, and some of the states had their own individual portal for carrying out MSME registration. Additionally, there were a few who used to rely on manual paperwork.
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