- Financial Express
Nearly 8,000 MSMEs shut in FY23 so far: Govt data
Ease of doing business for MSMEs: The total number of Udhyam-registered MSMEs shut down due to various reasons between April 1 and December 8 in the current financial year stood at 7,995, said Minister of State in the MSME ministry Bhanu Pratap Singh Verma citing data from the Udhyam portal on Monday in a written reply to a question in the Rajya Sabha. Moreover, the number of MSMEs recording a decline in their turnover compared to the previous financial year and which were also re-classified was 19,706. The minister was responding to a question on the number of MSMEs that got shut after Covid and also saw a drop in turnover.