Udyam Registration is nothing but the new process of MSME registration. MSME stands for micro, small and medium enterprises. The MSME is launched by the Ministry of Micro, Small & Medium Enterprises on 1 st July 2020. The Ministry has also revised the definition of MSME from the same date. The process for registration for the same is called Udyam Registration and a permeant unique number will be issued after the registration.