In today's competitive business landscape, it is crucial for small and medium-sized enterprises (SMEs) to leverage government initiatives that streamline operations, offer benefits, and provide formal recognition. One such initiative by the Government of India is Udyog Aadhar registration, now known as Udyam registration. This initiative is designed to support the growth and development of micro, small, and medium enterprises (MSMEs) nationwide. Udyam Registration also referred to as MSME Registration, is the updated process for registering MSMEs introduced by the Ministry of Micro, Small & Medium Enterprises on July 1, 2020. Alongside this new registration process, the Ministry also updated the MSME classification criteria.