With its single-page registration process, easy accessibility, and affordability, Udyam portal has reported more than 5 million MSME registrations in the last 15 months. Only time will tell whether the staggering numbers are a reflection of the ease of doing business the portal offers. Or, the government’s restriction against private online or offline systems, services, agencies, and/or persons facilitating MSME registrations.
But, the MSME industry, the beating heart of the Indian economy is on the rise. If one were a gambling man, this is as good a time as any to place your bets. 💰