Udyam portal: Govt’s MSME registration drive nears 5 crore mega milestone

The article reports on the Udyam portal’s success in reaching nearly 5 crore registrations for MSMEs. The portal is a key government initiative aimed at streamlining the registration process for micro, small, and medium enterprises. This milestone reflects the increasing participation of MSMEs in the formal economy and highlights the government’s efforts to support and integrate these businesses into the economic framework. The article also discusses the impact of the Udyam portal on MSME growth and development.