Udyam Registration is an official process initiated by the Ministry of Micro, Small, and Medium Enterprises (MSMEs), Government of India, for the formal registration of micro, small, and medium enterprises (MSMEs). Introduced on July 1, 2020, it replaced the earlier Udyog Aadhar Memorandum (UAM) system. The Udyog Aadhar/Udyam registration is designed to classify enterprises based on their investment and turnover.