MSME · MSME · Chapter 9

Digital Onboarding of MSMEs

Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Small and Medium Enterprises in India — Certificate Course on MSME.

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Free sample — 8 of 66 rapid-fire Q&A cards.

Q

On which date was the Udyam Registration Portal launched?

A

The Udyam Registration Portal was launched on 1 July 2020.

Q

By how much does digital lending reduce operational costs compared to traditional lending?

A

30–50%

Q

What is the web address of the Udyam Registration Portal?

A

The portal is accessible at udyamregistration.gov.in.

Q

What is the estimated credit gap for MSMEs in India?

A

More than ₹20 lakh crore

Q

How many digits does a Udyam Registration Number (URN) contain?

A

A URN is a unique 19-digit number assigned on successful registration.

Q

How many MSME enterprises were registered on the Udyam Registration Portal and Udyam Assist Platform combined as of February 2026?

A

Over 7.83 crore

Q

What is the fee charged for Udyam Registration?

A

Udyam Registration is completely free of cost with no registration fee.

Q

What document must disclose the complete cost of credit before a digital loan agreement is signed?

A

Key Fact Statement (KFS)

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