Ease of doing business for MSMEs: Entrepreneur Memorandum – The II or Udyog Aadhaar Memorandum (UAM) registrations obtained by MSMEs before June 30, 2020 and valid until March 31, 2021 have been extended until the end of the year. EM-II and UAM were replaced by the new Udyam Registration portal in July last year following the government’s revised definition of MSMEs. The Reserve Bank of India (RBI) had clarified last year that existing EM II and / or UAM of MSMEs obtained before June 30, 2020 will remain valid until March 31, 2021, even if the MSMEs had to register with the Udyam Registry. portal before March of this year.
“The Ministry of Micro, Small and Medium Enterprises has issued an amendment to the original notification No. SO 2119 (E) dated 26.06.2020 vide 2347 (E) dated 16.06.2021, which extends the validity of EM Part- II and UAM from 03.31.2021 to 12.31.2021. This would make it easier for EM Part II and UAM holders to take advantage of the benefits of the provisions of various existing schemes and incentives, including the benefits of priority loans for the MSME sector “, the MIPYME Ministry said in a statement.
Small-scale industrial units used to register in the District Industrial Centers (DIC) before the 2006 Law on the Development of MSMEs came into force. Subsequently, according to the provisions of the law, entrepreneurs had to present EM-I in the DIC before establishing MSME and EM-II after starting production work. Between 2007-2015, 21,96,902 EM-II submissions were registered, and between September 2015 and June 30, 2020, 1,02,32,451 (1.02 crore) UAM registrations were registered, according to the 2020-21 annual report. of the Ministry of MIPYMES.
33.55,940 lakh MSMEs were registered in the new registration portal Udyam, according to the data available from the Ministry of MSMEs, at the time of the presentation of this report. “The current EM Part-II and UAM holders are expected to be able to migrate to the new Udyam Registration system, which was launched on July 1, 2020, and would take advantage of the benefits of government schemes, thus paving the way for the strengthening of MSMEs and that leads to their faster recovery, boost their economic activity and job creation, “added the ministry. MSMEs could register on the portal for free and without any document, except the PAN and the Aadhaar card.