Correct Answer:
Option A —
Business under micro, small and medium enterprises
What is Udyog Aadhaar? Udyog Aadhaar (now known as Udyam Registration) is a twelve-digit unique identification number provided by the Ministry of Micro, Small and Medium Enterprises (MSME) in India.
Purpose: It was introduced to simplify the registration process for small and medium-scale businesses. By registering, MSMEs become eligible to receive various government benefits, including easier access to institutional credit, subsidies on patent registration, protection against delayed payments, and concessions on electricity bills.
Current Status: In July 2020, the Government of India migrated the Udyog Aadhaar portal to the new Udyam Registration portal to further streamline the classification and registration of MSMEs based on investment and turnover criteria
Answer verified by Quintessence Classes faculty — Karan Nagar, Srinagar.