HomeNewsNationalNew online system of MSME/Udyam Registration crosses 50 lakh mark

New online system of MSME/Udyam Registration crosses 50 lakh mark

New online system of MSME/Udyam Registration crosses 50 lakh mark

MSME Ministry’s CHAMPIONS portal for New online system of MSME/Udyam Registration has crossed the 50 lakh mark including 47 lakh Micro organizations and 2.7 lakh Small Units.

  • CHAMPIONS portal – The full form is Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.
  • Union MSME Ministry launched a new online system of MSME/Udyam Registration named CHAMPIONS on 1st July 2020.
  • The registration is free of cost.
  • For MSME (Udyam) Registration, the official site is https://udyamregistration.gov.in “

CHAMPIONS (Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength)

  • MSME ministry launched this initiative to promote a unified, empowered, robust, bundled, and technology-driven platform for helping and Micro, Small, and Medium Enterprises (MSMEs) in India.

Objectives of the CHAMPIONS

  • The portal will help the MSMEs in capturing new opportunities in the manufacturing and services sectors.
  • CHAMPIONS will help the MSMEs in this difficult situation in terms of finance, raw materials, labour, permissions, and so on.

What is the Full Form of the CHAMPIONS portal?

The full form is Creation and Harmonious Application of Modern Processes for Increasing the Output and National Strength.

Which ministry launched the CHAMPIONS portal?

Union MSME Ministry launched a new online system of MSME/Udyam Registration named CHAMPIONS on 1st July 2020.

What is the champion portal?

Micro, Small, and Medium Enterprises (MSME) Ministry has launched Artificial Intelligence and Machine Learning for strengthening its single window system portal ‘Champions’ to assist the MSMEs in the country.

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SourcePIB

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