According to a statement from the Ministry of Micro, Small and Medium Enterprises dated June 26, 2020, Udyam Registration is a new Registration process which was started in the year 2020.Udyam Registration, also known as MSME Registration, is a government-issued registration that comes with a certificate of recognition and a unique 19-digit Udyam Registration Number. This is for the purpose of certifying small and medium-sized businesses or organizations. The entity's owner, director, or proprietor must provide his or her 12-digit Aadhar Number.

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