Udyog Aadhaar scheme launched in September 2015 for MSME registration has so far brought more than 80 lakh MSMEs under the fold of government schemes, subsidies, easy loans etc. The free of cost online registration process, in fact saw a jump of over 1500 per cent in the number of registered MSMEs from 4.95 lakh (4,95,468) as on March 31, 2016 to 80.14 lakh (80,14,502), according to the data shared by MSME Minister Nitin Gadkari in Rajya Sabha on Thursday and data available on the Udyog Aadhaar portal.
“To avail government schemes, which are more than 25 in number, MSMEs will have to register with Udyog Aadhaar Memorandum without which small businesses won’t be able to even access credit facility bu the government,” Dr Sanjiv Layek, Executive Secretary, World Association For Small And Medium Enterprises (WASME) told Financial Express Online.
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The number of registered MSMEs during the same month in 2017, 2018 and 2019 stood at 28.68 lakh, 43.86 lakh, 65.08 lakh respectively. “The government has taken several measures to spread awareness among entrepreneurs of MSMEs to register on Udyog Aadhaar Portal like easy self-registration by entrepreneurs, active facilitation of MSME registration by MSME field offices,” Gadkari said in a statement.
Source: Financial Express
