Financial ExpressJan 4, 2022Do lakhs of MSMEs no longer want benefits of MSME registration? Here’s what govt data suggestsEase of Doing Business for MSMEs: There are currently lakhs of enterprises in the MSME sector, considered the backbone of the Indian economy, that perhaps might not want benefits offered by the government to Udyam-registered MSMEs, according to experts.The inference was drawn based on the available data by the Ministry of MSME. Let’s understand this below step-by-step:There was a total of 21,96,902 enterprises that had filed for Entrepreneurs Memorandum (EM-II) between 2007 and 2015, as per data from the MSME Ministry’s 2020-21 annual report. From September 2015 onwards, with the introduction of the new online registration portal called Udyog Aadhaar Memorandum (UAM), there were 1,02,32,451 (1.02 crore) registrations till June 30, 2020, when it was replaced with the latest portal Udyam Registration.Read more at Financial Express
Ease of Doing Business for MSMEs: There are currently lakhs of enterprises in the MSME sector, considered the backbone of the Indian economy, that perhaps might not want benefits offered by the government to Udyam-registered MSMEs, according to experts.The inference was drawn based on the available data by the Ministry of MSME. Let’s understand this below step-by-step:There was a total of 21,96,902 enterprises that had filed for Entrepreneurs Memorandum (EM-II) between 2007 and 2015, as per data from the MSME Ministry’s 2020-21 annual report. From September 2015 onwards, with the introduction of the new online registration portal called Udyog Aadhaar Memorandum (UAM), there were 1,02,32,451 (1.02 crore) registrations till June 30, 2020, when it was replaced with the latest portal Udyam Registration.Read more at Financial Express
