As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 in MSME registration leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka
KEY HIGHLIGHTS:
- As many as 8.73 lakh budding entrepreneurs in Bihar enrolled themselves on the central government’s Udyog Aadhaar Portal between October 2015 and December 2019
- Maharashtra topped the chart with 15.26 lakh new registrations followed by Tamil Nadu with 9.46 lakh aspiring entrepreneurs
- With 8.06 lakh new registrations, UP stood fourth in the pecking order
- A large number of people take MSME registration to avail Mudra loan, land allotment at concessional rates and subsidy under various schemes
Migrant worker crisis has put the spotlight on lack of industrialisation and fewer job opportunities in Bihar and Uttar Pradesh (UP) but government data show that the two states outperformed some of the most industrialised peers in MSME registration.
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As per data compiled by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka.
As many as 8.73 lakh budding entrepreneurs enrolled themselves on the central government’s Udyog Aadhaar Portal between October 2015 and December 2019, according to the latest data compiled by the MSME Ministry. With 8.06 lakh new registrations, UP stood fourth in the pecking order.
Source: Business Today
