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Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.
Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:
  • a)
    3 months from the date of going into commercial production
  • b)
    6 months from the date of going into commercial production
  • c)
    9 months from the date of going into commercial production
  • d)
    12 months from the date of going into commercial production
Correct answer is option 'B'. Can you explain this answer?
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Redirection: The launch of the Udyam Registration Portal is one of the...
Understanding Entrepreneurs Memorandum (EM) Part II
The Entrepreneurs Memorandum (EM) Part II was a crucial document for Micro, Small, and Medium Enterprises (MSMEs) in India. It served as a formal declaration of the business's operational status and provided access to various government benefits.
Timeline for Filing EM Part II
- The EM Part II had a specific timeline within which it had to be filed.
- The correct timeframe was 6 months from the date of going into commercial production. This means that once an MSME commenced its business operations, it had half a year to submit the EM Part II.
Importance of Timely Filing
- Filing within this timeframe ensured that MSMEs could avail themselves of the benefits and incentives provided by the government.
- Delays in filing could lead to missed opportunities for funding, support, and registration benefits that are essential for growth.
Transition to Udyam Registration
- With the introduction of Udyam Registration, the process has been simplified, replacing the earlier EM and UAM systems.
- Udyam Registration offers a more streamlined approach to registering MSMEs and ensures easier access to various government schemes.
Conclusion
- Understanding the timeline for filing EM Part II is essential for MSME entrepreneurs to fully utilize the benefits available to them.
- The shift to Udyam Registration is part of the government’s ongoing effort to enhance the ease of doing business and support the MSME sector.
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Redirection: The launch of the Udyam Registration Portal is one of the...
The EM-II needed to be filed within 6 months from the date of going into commercial production to enable the entrepreneurs to avail the benefit of various incentives under the Central/State policies.
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Directions : Read the following passage carefully and answer the questions that follow.Entrepreneurs are inherent risk-takers. They tread the road less taken, venture into uncharted territory. Sometimes, their inroads are successful, at other times, not as much. Either way, it is because of the entrepreneurial ________ that many of the worlds problems have got solutions, and our lives become that little bit easier, more convenient, more palatable. Entrepreneurs also perform a huge service to society in indirect ways. Through their ventures, millions receive gainful employment. They are catalysts for genuine wealth creation. And they show the way forward to a world that is in constant need of innovators and early adopters. There is however one more invaluable way in which entrepreneurs can share their experiences, positive as well as negative, for the greater good. So how can they make their experience-derived knowledge available to a wide audience? By writing. Writing can become a vital tool for entrepreneurs to share their learnings. How? Through several ways.Experienced entrepreneurs can write and develop Case Studies based on their own real-life business experiences. Granted that many entrepreneurs may not be gifted writers; the process of converting ones business-stories into case studies can be simply achieved through studying a few existing ones, extracting the basic format, and then falling into that format, their unique experiences and learnings. Daunting as this task may seem, the good news is that Case Studies do not have to be models for great and eloquent writing or language flourish. They must convey facts, strategies, merits, and learnings, simply, and comprehensively. Further, these case studies can be published in various business and marketing journals, they can be made available through personal blogs online, or shared on resources commonly used by the business community. Those with connections in the media can even have them published in strategic magazines and newspapers patronized by the relevant target audience.Dont want to get too technical? An entrepreneur does not necessarily have to go the case-study route to share his or her learnings. A less formal but equally insightful article will also provide tremendous value to a reader. These articles are best suited to people who dont want to get too technical, have a flair and interest in writing, want to share a more personalized and informal account of their experiences. Creative non-fiction then can be a wonderful way of passing on wisdom and learnings one has acquired to the next generation. Publications are always on the lookout for good, sincere, valuable content. And to hear from the horses mouth about businesses and entrepreneurship will be of great interest to both reader and publisher.Another wonderful way for entrepreneurs to share their business prudence in through a personal blog. The biggest advantage of a blog is that the writer need not adhere to a strict format of any kind. Here, ones blog posts dont have to be the case-study type article type. They can be a mix of both. And one can develop ones own unique style of writing. It is also arguably the best platform on which to share certain very specific kinds of learnings that sometimes may not find takers of more traditional or rigid formats of business-writing. Lets say youre an entrepreneur who felt that some crucial mistakes were made in certain aspects of your business when you began, due to which you suffered, and it wasnt until years later, when you realized and corrected those shortcomings, did things get back on track. This kind of a story would be perfect to be told through a blog.Q. Which of the following statements is not incorrect in the context of the passage?

Directions : Read the following passage carefully and answer the questions that follow.Entrepreneurs are inherent risk-takers. They tread the road less taken, venture into uncharted territory. Sometimes, their inroads are successful, at other times, not as much. Either way, it is because of the entrepreneurial ________ that many of the worlds problems have got solutions, and our lives become that little bit easier, more convenient, more palatable. Entrepreneurs also perform a huge service to society in indirect ways. Through their ventures, millions receive gainful employment. They are catalysts for genuine wealth creation. And they show the way forward to a world that is in constant need of innovators and early adopters. There is however one more invaluable way in which entrepreneurs can share their experiences, positive as well as negative, for the greater good. So how can they make their experience-derived knowledge available to a wide audience? By writing. Writing can become a vital tool for entrepreneurs to share their learnings. How? Through several ways.Experienced entrepreneurs can write and develop Case Studies based on their own real-life business experiences. Granted that many entrepreneurs may not be gifted writers; the process of converting ones business-stories into case studies can be simply achieved through studying a few existing ones, extracting the basic format, and then falling into that format, their unique experiences and learnings. Daunting as this task may seem, the good news is that Case Studies do not have to be models for great and eloquent writing or language flourish. They must convey facts, strategies, merits, and learnings, simply, and comprehensively. Further, these case studies can be published in various business and marketing journals, they can be made available through personal blogs online, or shared on resources commonly used by the business community. Those with connections in the media can even have them published in strategic magazines and newspapers patronized by the relevant target audience.Dont want to get too technical? An entrepreneur does not necessarily have to go the case-study route to share his or her learnings. A less formal but equally insightful article will also provide tremendous value to a reader. These articles are best suited to people who dont want to get too technical, have a flair and interest in writing, want to share a more personalized and informal account of their experiences. Creative non-fiction then can be a wonderful way of passing on wisdom and learnings one has acquired to the next generation. Publications are always on the lookout for good, sincere, valuable content. And to hear from the horses mouth about businesses and entrepreneurship will be of great interest to both reader and publisher.Another wonderful way for entrepreneurs to share their business prudence in through a personal blog. The biggest advantage of a blog is that the writer need not adhere to a strict format of any kind. Here, ones blog posts dont have to be the case-study type article type. They can be a mix of both. And one can develop ones own unique style of writing. It is also arguably the best platform on which to share certain very specific kinds of learnings that sometimes may not find takers of more traditional or rigid formats of business-writing. Lets say youre an entrepreneur who felt that some crucial mistakes were made in certain aspects of your business when you began, due to which you suffered, and it wasnt until years later, when you realized and corrected those shortcomings, did things get back on track. This kind of a story would be perfect to be told through a blog.Q. How, through writing, can entrepreneurs share their learnings?

Directions : Read the following passage carefully and answer the questions that follow.Entrepreneurs are inherent risk-takers. They tread the road less taken, venture into uncharted territory. Sometimes, their inroads are successful, at other times, not as much. Either way, it is because of the entrepreneurial ________ that many of the worlds problems have got solutions, and our lives become that little bit easier, more convenient, more palatable. Entrepreneurs also perform a huge service to society in indirect ways. Through their ventures, millions receive gainful employment. They are catalysts for genuine wealth creation. And they show the way forward to a world that is in constant need of innovators and early adopters. There is however one more invaluable way in which entrepreneurs can share their experiences, positive as well as negative, for the greater good. So how can they make their experience-derived knowledge available to a wide audience? By writing. Writing can become a vital tool for entrepreneurs to share their learnings. How? Through several ways.Experienced entrepreneurs can write and develop Case Studies based on their own real-life business experiences. Granted that many entrepreneurs may not be gifted writers; the process of converting ones business-stories into case studies can be simply achieved through studying a few existing ones, extracting the basic format, and then falling into that format, their unique experiences and learnings. Daunting as this task may seem, the good news is that Case Studies do not have to be models for great and eloquent writing or language flourish. They must convey facts, strategies, merits, and learnings, simply, and comprehensively. Further, these case studies can be published in various business and marketing journals, they can be made available through personal blogs online, or shared on resources commonly used by the business community. Those with connections in the media can even have them published in strategic magazines and newspapers patronized by the relevant target audience.Dont want to get too technical? An entrepreneur does not necessarily have to go the case-study route to share his or her learnings. A less formal but equally insightful article will also provide tremendous value to a reader. These articles are best suited to people who dont want to get too technical, have a flair and interest in writing, want to share a more personalized and informal account of their experiences. Creative non-fiction then can be a wonderful way of passing on wisdom and learnings one has acquired to the next generation. Publications are always on the lookout for good, sincere, valuable content. And to hear from the horses mouth about businesses and entrepreneurship will be of great interest to both reader and publisher.Another wonderful way for entrepreneurs to share their business prudence in through a personal blog. The biggest advantage of a blog is that the writer need not adhere to a strict format of any kind. Here, ones blog posts dont have to be the case-study type article type. They can be a mix of both. And one can develop ones own unique style of writing. It is also arguably the best platform on which to share certain very specific kinds of learnings that sometimes may not find takers of more traditional or rigid formats of business-writing. Lets say youre an entrepreneur who felt that some crucial mistakes were made in certain aspects of your business when you began, due to which you suffered, and it wasnt until years later, when you realized and corrected those shortcomings, did things get back on track. This kind of a story would be perfect to be told through a blog.Q. How a case study should be?

Directions : Read the following passage carefully and answer the questions that follow.Entrepreneurs are inherent risk-takers. They tread the road less taken, venture into uncharted territory. Sometimes, their inroads are successful, at other times, not as much. Either way, it is because of the entrepreneurial ________ that many of the worlds problems have got solutions, and our lives become that little bit easier, more convenient, more palatable. Entrepreneurs also perform a huge service to society in indirect ways. Through their ventures, millions receive gainful employment. They are catalysts for genuine wealth creation. And they show the way forward to a world that is in constant need of innovators and early adopters. There is however one more invaluable way in which entrepreneurs can share their experiences, positive as well as negative, for the greater good. So how can they make their experience-derived knowledge available to a wide audience? By writing. Writing can become a vital tool for entrepreneurs to share their learnings. How? Through several ways.Experienced entrepreneurs can write and develop Case Studies based on their own real-life business experiences. Granted that many entrepreneurs may not be gifted writers; the process of converting ones business-stories into case studies can be simply achieved through studying a few existing ones, extracting the basic format, and then falling into that format, their unique experiences and learnings. Daunting as this task may seem, the good news is that Case Studies do not have to be models for great and eloquent writing or language flourish. They must convey facts, strategies, merits, and learnings, simply, and comprehensively. Further, these case studies can be published in various business and marketing journals, they can be made available through personal blogs online, or shared on resources commonly used by the business community. Those with connections in the media can even have them published in strategic magazines and newspapers patronized by the relevant target audience.Dont want to get too technical? An entrepreneur does not necessarily have to go the case-study route to share his or her learnings. A less formal but equally insightful article will also provide tremendous value to a reader. These articles are best suited to people who dont want to get too technical, have a flair and interest in writing, want to share a more personalized and informal account of their experiences. Creative non-fiction then can be a wonderful way of passing on wisdom and learnings one has acquired to the next generation. Publications are always on the lookout for good, sincere, valuable content. And to hear from the horses mouth about businesses and entrepreneurship will be of great interest to both reader and publisher.Another wonderful way for entrepreneurs to share their business prudence in through a personal blog. The biggest advantage of a blog is that the writer need not adhere to a strict format of any kind. Here, ones blog posts dont have to be the case-study type article type. They can be a mix of both. And one can develop ones own unique style of writing. It is also arguably the best platform on which to share certain very specific kinds of learnings that sometimes may not find takers of more traditional or rigid formats of business-writing. Lets say youre an entrepreneur who felt that some crucial mistakes were made in certain aspects of your business when you began, due to which you suffered, and it wasnt until years later, when you realized and corrected those shortcomings, did things get back on track. This kind of a story would be perfect to be told through a blog.Q. Which of the following words can replace the word "relevant" as used in the context of the passage without changing the meaning or making the sentence grammatically incorrect?

Direction: Credit is a crucial input for the promotion and development of micro, small, and medium enterprises (MSMEs). The Government of India has taken various measures to ensure that MSMEs have access to timely and adequate credit. loan facilities to MSMEs are classified in a distinct category as per Reserve Bank of India (RBI) guidelines. The Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGS) is a collateral-free credit facility for Micro and Small Enterprises (MSEs) in India. The scheme covers various loans which can be taken for various purposes, including business expansion, modernization, and technology up-gradation. The interest rates charged by the lending institutions are reasonable. It has also contributed to the growth of the MSME sector in India by providing them with timely credit without the need for collateral.Q. Who can participate as sellers on the Trade Receivables Discounting System (TReDS) platform?

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Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer?
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Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer?.
Solutions for Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.
Here you can find the meaning of Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Redirection: The launch of the Udyam Registration Portal is one of the recent efforts made by the government to boost the ease of doing business for MSMEs. Micro Small-Enterprises Cluster development program (MSE-CDP), Prime Minister’s Employment generation program (PMEGP), Scheme of Fund for Regeneration of Traditional Industries, enabling IT ecosystems, hassle-free lending, etc. and many such schemes are used to incentivize to allow them to expand and flourish. In light of the statements above, answer the questions that follow.Entrepreneurs Memorandum (EM) Part II and Udyog Aadhaar Memorandum (UAMs) of the MSMEs, are replaced by Udyam registration, the new & simplified version of Udyog Aadhaar. Earlier, however, EM- II needed to be filed within:a)3 months from the date of going into commercial productionb)6 months from the date of going into commercial productionc)9 months from the date of going into commercial productiond)12 months from the date of going into commercial productionCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Bank Exams tests.
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