economics medium True/False

The 'Udyam Registration' portal is an online, paperless, and self-declaration based platform introduced by the government for the registration of Micro, Small, and Medium Enterprises (MSMEs).

  1. True
  2. False

Answer: True

Launched in July 2020, Udyam Registration replaced the older Udyog Aadhaar system. It is completely free, requires no document uploads (relying instead on PAN and GSTIN integration for automatic data fetching), and provides MSMEs with a permanent, verifiable identity that allows them to easily access priority sector credit, government subsidies, and delayed payment protections.

Topic Indian Economy - Industry
Exam Relevance UPSC Prelims, SSC CGL, Banking
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