Financial ExpressApr 25, 2022Nearly 6,000 MSMEs got shut down during FY21 and FY22: Govt dataEase of Doing Business for MSMEs:5,907 businesses registered with the MSME ministry as micro, small and medium enterprises were shut during financial years 2020-21 and 2021-22 (till March 9, 2022) in the country, according to the government data. During FY21, 330 MSMEs got shut down. These included 155 Udyog-Aadhaar-Memorandum (UAM) registered units that were shut during April-June 2020 period and 175 Udyam-registered units between July 2020 and March 2021. UAM registration portal for MSMEs was replaced by Udyam Registration in July 2020. In the current financial year, the number of MSME closures jumped nearly 17x to 5,577 Udyam entities. The data was shared on Monday by the Minister of State for MSME Bhanu Pratap Singh Verma in a written reply to a question in Rajya Sabha on the closure of registered MSMEs.Read more at Financial Express
Ease of Doing Business for MSMEs:5,907 businesses registered with the MSME ministry as micro, small and medium enterprises were shut during financial years 2020-21 and 2021-22 (till March 9, 2022) in the country, according to the government data. During FY21, 330 MSMEs got shut down. These included 155 Udyog-Aadhaar-Memorandum (UAM) registered units that were shut during April-June 2020 period and 175 Udyam-registered units between July 2020 and March 2021. UAM registration portal for MSMEs was replaced by Udyam Registration in July 2020. In the current financial year, the number of MSME closures jumped nearly 17x to 5,577 Udyam entities. The data was shared on Monday by the Minister of State for MSME Bhanu Pratap Singh Verma in a written reply to a question in Rajya Sabha on the closure of registered MSMEs.Read more at Financial Express
