Maharashtra with 92.7 lakh units led the tally of states with the highest count of registered MSMEs in the country.
The registered count has jumped by 2 crore in the last 14 months with 5 crore registrations as of September 2024. (Source: AI Image)
India’s count of enterprises registered with the MSME Ministry has crossed the 7-crore mark five years after the launch of the Udyam initiative by the government for small businesses to avail growth incentives around credit accessibility, regulatory ease, and more. The total jobs reported by registered units stood at 30.9 crore.
According to the data available with the MSME Ministry, the number of units registered on the Udyam Registration portal, launched in July 2020, stood at 7.04 crore with the reported job count of 30.9 crore, at the time of filing this report.
99 per cent -- 6.99 crore of registered units are micro enterprises, while 4.83 crore are small enterprises and 36,351 are medium enterprises. The registered count has jumped by 2 crore in the last 14 months with 5 crore registrations as of September 2024.
Gender-wise, 60 per cent or 4.24 crore units are led by male while 39 per cent or 2.77 crore units are female-led.
The majority -- 43 per cent (3.07 crore) of the units are trading enterprises while 2.48 crore units are into the service category, and only 1.48 crore are manufacturing units.
Maharashtra with 92.7 lakh units led the tally of states with the highest count of registered MSMEs in the country, followed by 76.4 lakh units in Uttar Pradesh, 56.8 lakh in Tamil Nadu, 48 lakh in West Bengal, 46 lakh in Karnataka, and others.
Importantly, the government operated the Udyog Aadhaar Memorandum (UAM) and Entrepreneurs Memorandum (EM-II) before UAM for MSME registration.
Also read: MSME Business Confidence Dips in Q2 After Three-Quarter Rise: SIDBI Survey
According to the MSME Ministry’s 2020-21 annual report, 21,96,902 EM-II filings were recorded during the 2007-2015 period while from September 2015 till June 30 2020 (nearly five years), there were 1,02,32,451 (1.02 crore) UAM registrations.
To boost the registration count and bring IMEs into the formal economic fold, the MSME Ministry had launched the Udyam Assist Platform (UAP) in January 2023. The UAP enables IMEs for Udyam certification based on their bank data. The government had also extended Udyam coverage to retail and wholesale trades.
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