Udyam portal Over 11 lakh MSME registrations amid Covid this many jobs created

Technology for MSMEs: Out of the registered units on the Udyam portal, micro-enterprises had a maximum share of 93.17 per cent while small and medium units had only 5.62 per cent and 1.21 per cent shares respectively.

A new portal for MSME registration by the Modi government’s, which was launched amid Covid on July 1, 2020, along with the revised MSME definition, has seen over 11 lakh registrations so far, MSME Ministry said on Saturday i.e. 7th November. The government has also instructed its field establishments such as National Small Industries Corporation (NSIC), Khadi and Village Industries Commission (KVIC), MSME-Development Institutes, Technology Centers, and Coir Board to help entrepreneurs register units on the portal and expedite the process for registration. The Udyam Portal is integrated with the CBDT & GST networks with the procurement portal system, Gov e-marketplace, this has made the entire registration process paperless.

“New online system of MSME/Udyam Registration launched by Union MSME Ministry with effect from 1st July 2020, has stood the test of Time & Technology,” the ministry said. The broad picture of these registrations are, out of over 10 lakh registrations recorded on the portal till October 31, 2020, 3.72 lakh businesses were registered under the Manufacturing category while 6.31 lakh units were registered under the Service sector. Moreover, the share of micro-enterprises was maximum at 93.17 per cent while only 5.62 per cent were small and 1.21 per cent were medium businesses respectively, according to the data shared by the ministry on Saturday.

While we see other statistics, 7.98 lakh enterprises were owned by male entrepreneurs, only 1.73 lakh units were led by female entrepreneurs. Divyangjan (differently-abled) entrepreneurs owned 11,188 enterprises that were registered on the portal after July 1, 2020. Overall, employment generated by the registered MSMEs stood at 1,01,03,512. In terms of industries leading in registrations with maximum MSMEs were food products, textile, apparel, fabricated metal products, and machinery & equipments. Maharashtra, Tamil Nadu, Rajasthan, Uttar Pradesh, and Gujarat were the top five states in Udyam registrations. When it comes to grievances of MSMEs relating to registrations, these are being handled by CHAMPIONS’ platform through the grievance handling network of Central Control Room and 68 State Control Rooms across the country. 

The Reserve Bank of India has issued a circular in August this year for clarity on the registration of existing units under Entrepreneurs Memorandum (EM) part II and/or Udyog Aadhaar Memorandum (UAM). RBI had said that existing EMs part II and/or UAMs of MSMEs obtained before June 30, 2020, will continue to remain valid till March 31, 2021. According to the MSME ministry, MSMEs had asked for clarity on whether existing registrations would remain valid after the government’s June 26, 2020 notification on the classification of MSMEs as per the new definition and specification of the form and procedure for registration with effect from July 1, 2020. The circular had also noted that MSMEs already registered under EM part II and UAM must file for a new registration on the portal before the existing registration expires.