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Licenses And Certifications 12 August 2026

MSME Udyam Updates

The Micro, Small and Medium Enterprises Development Amendment Bill, 2026 updates the existing MSMED Act, 2006 to align its provisions with current requirements, expanding formal recognition for MSMEs through the Udyam Registration Portal, which gives MSMEs access to various benefits and incentives, the amendments aim to simplify the registration process and promote the growth of MSMEs in the country, the Udyam Registration Portal is a key initiative to enhance the competitiveness and productivity of MSMEs, the portal provides a single window for MSME registration, and it also helps to track the performance of MSMEs and provide them with necessary support and guidance

The Micro, Small and Medium Enterprises Development *Amendment Bill, 2026* updates the existing MSMED Act, 2006 to align its provisions with current requirements. Expanding formal recognition for MSMEs is a key aspect of this amendment. The *Udyam Registration Portal* gives MSMEs access to various benefits and incentives. The amendments aim to simplify the registration process and promote the growth of MSMEs in the country. Some key features of the Udyam Registration Portal include:
- Simplified registration process
- Access to benefits and incentives
- Single window for MSME registration
- Tracking the performance of MSMEs and providing necessary support and guidance

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