The Ministry of MSME, through the MSME Act, has laid down a framework to promote micro, small and medium enterprises and provide required support for their sustenance and growth. In order to do so, it has created a National Industrial Classification for all economic activities carried out by businesses across India.
The enterprises that have been able to obtain Udyog Aadhaar Memorandum under the above stated NIC codes can now migrate to Udyam Registration or apply for a fresh Udyam Registration.
If you have lost your Udyam Registration, you can recover your registration details by logging into the Udyam Portal with your registered mobile number and email ID.
Udyam Certificate provides access to cheaper credit for small businesses. It is a document that serves as a recognition of your business by the government.