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Udyam Portal Milestone: Over 7 Crore MSMEs Registered for Growth and Benefits

The Udyam Registration Portal has seen a massive sign-up, with over 7.28 crore micro, small, and medium enterprises now on board. This registration unlocks key benefits like access to formal credit and government procurement opportunities. The government is using the portal's data to design better policies and improve services for the sector. Initiatives are also focused on supporting women-led businesses and enhancing digital access for MSMEs across the country.

Key Points: 7.28 Crore MSMEs Registered on Udyam Portal, Says Minister

  • Over 7.28 crore MSMEs have registered since the portal's July 2020 launch
  • Registration makes enterprises eligible for government schemes and formal credit
  • More than 50 API integrations connect the portal with various organizations
  • The portal includes 2.86 crore women-led MSMEs enrolled for benefits
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Over 7.28 crore MSMEs have registered on Udyam Registration Portal: Minister

Over 7.28 crore MSMEs have registered on the Udyam Portal, gaining access to credit, government schemes, and digital benefits to boost growth.

"These measures collectively address credit gaps and skill shortages, enabling micro and women-led MSMEs to access finance, markets, and technology. - Minister Shobha Karandlaje"

New Delhi, Dec 15

More than 7.28 crore micro, small, and medium enterprises (MSMEs) have registered on the Udyam Registration Portal to date since it was launched in July 2020, the Parliament was informed on Monday.

Following the registration, these enterprises have become eligible to avail the benefits of various government schemes, including access to formal credit and government procurement opportunities.

Further, more than 50 API integrations have been established with various organisations and bodies, Minister of State for MSMEs, Shobha Karandlaje, said in a written reply in the Rajya Sabha.

Under the portal, various data points are being captured, and the data derived is used in designing policy and improvement for efficacy.

The government has been constantly working to address the concerns raised by MSME stakeholders regarding hurdles, burden and barriers to sectoral growth.

These include digitisation and digitalisation of services/ programmes, setting up single window clearances and reducing/ simplifying procedures for Ease of Doing Business (EODB).

Some of the initiatives of Ministry of MSME for digitalization, financing and sustainability are MSME SAMBANDH, Micro and Small Enterprises - Green Investment and Financing for Transformation Scheme (MSE- GIFT Scheme), Micro and Small Enterprises Scheme for Promotion and Investment in Circular Economy (MSE- SPICE Scheme), MSME Sustainable ZED Certification Scheme, Prime Minister Employment Generation Programme (PMEGP), MSME SAMADHAAN, Micro and Small Enterprises - Cluster Development Programme (MSE-CDP) etc, the minister said.

Udyam registration has a total of 2.86 crore women-led MSMEs as on November 30, enrolled for various benefits, and these measures collectively address credit gaps and skill shortages, enabling micro and women-led MSMEs to access finance, markets, and technology, and strengthen their competitiveness, which includes micro and women-led enterprises in remote areas as well.

- IANS

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Reader Comments

R
Rohit P
7.28 crore is a huge number! Shows the entrepreneurial spirit of India. But the real test is on-ground support. In my town, many registered MSMEs still struggle with delayed payments from big companies. Hope the SAMADHAAN portal is effectively tackling this issue.
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Aditya G
The focus on women-led enterprises (2.86 crore!) is the most encouraging part. Empowering women entrepreneurs in tier-2 and tier-3 cities can transform local economies. My sister used the PMEGP scheme to start her tailoring unit. More power to such initiatives!
S
Sarah B
I'm an expat running a small tech consultancy in Bangalore. The single-window clearance and API integrations mentioned are a step in the right direction for Ease of Doing Business. However, the challenge often lies in consistent implementation across different states and municipal bodies.
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Karthik V
Good progress, but the article reads like a government press release. It would be more credible if it included voices from actual MSME owners about the hurdles they still face. Registration is one thing, but availing the promised benefits smoothly is another. Hope the data captured is used for genuine policy improvement.
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Nisha Z
The Green Investment (GIFT) and Circular Economy (SPICE) schemes sound promising for sustainable growth. As a nation, we need to build businesses that are not just profitable but also responsible. Hope more MSMEs in manufacturing adopt these.

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