Udyam registration is an online process for MSMEs through the Udyam portal. Although not mandatory, it provides benefits such as tax exemptions, easy loan access, and business support. Currently, over 1 crore MSMEs are registered, contributing 36% to manufacturing and 45% to exports while employing around 7.5 crore individuals. https://www.thetaxheaven.com/blog/msme-registration-in-india-2025-process-documents-benefits