Udyam portal marks major milestone – Completes 5 million registrations

09 October 2021: Addressing the inaugural session at the MSME Tech-Fin Mobility Summit on the theme of Strengthening India’s vision of Aatmanirbhar Bharat organised by Confederation of Indian Industry (CII) in partnership with Ministry of MSME, B. B. Swain, Secretary, Ministry of MSME, Government of India, emphasized that timely availability, accessibility and affordability of credit and technological know-how are important prerequisites for any MSME and especially the micro enterprises to thrive, grow and expand.

According to him, the Minister’s initiative on introducing the new registration process of Udyam which is transparent and online, are steps towards bringing more units under the organized framework has been quite impactful.

The Secretary while informing about the successful completion of 5 million MSMEs registering on Udyam Portal, urged industry to promote Udyam Registration amongst MSMEs which has highly authentic data that may also be leveraged towards designing robust policy intervention.

Shreekant Somany, Chairman, CII National MSME Council while congratulating the Ministry of MSME for successful implementation of its Lean Manufacturing Cluster Scheme, proposed formulation of a scheme which will aim at enhancing efficiency and productivity through technology intervention and solution deployment for the MSMEs. This was proposed in the wake of CII’s TechSaksham initiative which CII is undertaking in collaboration with partners like Intel, Vodafone Idea, Dell and Zoho through creation and deployment of MSME TechBundle following the cluster approach.

Ashok Saigal, Co-Chairman, CII National MSME Council, while concluding, emphasized on the need for digital adoption by the micro entrepreneurs as an initial step for riding the digital revolution which can further gain momentum and be scaled with the support of the Ministry of MSME.