Udyam portal: India now has over 4 crore registered MSMEs!

The total number of registered enterprises on the government’s Udyam portal on Friday crossed the 4-crore milestone. According to the data from the portal, launched on July 1, 2020, over 4 crore (4,00,42,875) MSMEs have been registered with the MSME Ministry including 3.93 crore micro enterprises followed by 6.08 lakh small enterprises and 55,488 medium-sized enterprises.

The total count also included 1.56 crore registrations via the Udyam Assist Platform (UAP) launched in January last year to bring units exempted from Goods and Service Tax (GST) into the formal economic fold and enable access to priority sector lending.

The 4-crore mark was achieved in around five months from 3 crore registrations recorded till October last year while 2 crore registrations were achieved till June last year, less than three years since the launch of the portal.

In terms of employment, the 4 crore units had reported 17.94 crore jobs including 1.87 crore in units registered via UAP.

The Udyam registration takes into account the investment in plant and machinery and turnover to categorise enterprises into micro, small and medium segments. The details of investment in plant and machinery and turnover are captured from the database of the Central Board of Direct Taxes and GST network.

However, a handful of Udyam-registered units have also shut down post Covid.

Community Manager.

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