- Financial Express
Over 1 crore people employed in MSMEs incorporated in FY22, shows govt data
Ease of Doing Business for MSMEs: The employment in MSMEs assumes significance as the government intends to add 5 crore more jobs in the MSME sector by 2025 from 11.10 crore jobs as per the National Sample Survey (NSS) 73rd round conducted during the period 2015-16.
Ease of Doing Business for MSMEs: Minister of state for MSMEs Bhanu Pratap Singh Verma sharing data on employment in MSMEs noted that 1.31 crore people were employed in units incorporated in the financial year 2021-22, up 98 per cent from 66.2 lakh employees in MSMEs incorporated in FY20 or pre-Covid year and 16 per cent more in comparison to 1.12 crore employees in units incorporated in FY21. The data shared by Verma was sourced from Udhyam registration portal.