New Delhi, Nov 9: Recently, the Government of India has announced that over 11 lakh MSMEs have registered on the new online system of Udyam Registration. The scheme was launched in July 2020.

 

The top five industries of registrations include textile, food products, apparel, machinery and equipment and fabricated metal products. Over 1 crore persons were employed through these registration units. The leading states in this registration are Rajasthan, Maharashtra, Tamil Nadu, Gujarat and Uttar Pradesh.

 

According to the data provided by the government, around 3.72 lakh have been registered under manufacturing category and 6.31 lakh have registered under service sector. Of these registered enterprises, 93.17% were micro enterprises, 5.62 per cent were small enterprises and 1.21 per cent were medium enterprises. Around 7.98 lakh enterprises were owned by male, while 1.73 lakh enterprises were owned by female entrepreneurs. Around 11,188 enterprises were owned by Divyangjan.

 

 

More than 40-60% of the MSME were facing closure due to COVID-19. They were already under stress due to the implementation of GST and Demonetisation in 2016, which is why the government has been emphasizing most of it's policies for the revival of the MSME sector and extending it further. The recent reports published by the government speak of the success of the policies.