Bikky Khosla | 10 Aug, 2021
The MSME minister last week informed that 41,37,443
MSMEs registered on Udyam Registration portal, from July 1, 2020 to July 31,
2021. This new portal was launched in 2020, after adoption of a new definition
for the sector. Previously, 1,02,32,468 such units had registered
on Udyog Aadhaar Portal since its inception in October 2015 to June 2020. These
two data sets clearly show that the new portal -- which gives users a better
experience of MSME registration – is performing well.
In a similar development, the Rajya Sabha was last week
informed that so far a total of 26.79 lakh artisans have registered under
Pahchan initiative. It was launched in 2016 by the Union Ministry of Textiles
to register and provide Identity cards to handicraft artisans and link them to
a national database, so that the beneficiaries can avail easy loan at nominal
interest rate. The latest data indicates that this new initiative for
registering our artisans is picking up pace.
the national procurement portal for official purchases, GeM,
has also seen encouraging participation from small enterprises during the last
few years. Today, it has over 7 lakh sellers, with over 2 lakh
micro and small enterprises, and also startups are increasingly participating
in this platform. According to media reports, GeM and railways’ e-procurement
system are likely to be integrated soon, a move which is expected to push procurement
through the portal vigorously.
above developments are welcome. Registration has remained a
major problem for our MSMEs. The country today has millions of MSME units, but
only a small portion of them are operating in the formal sector, as a result of
which policy support is available only to a limited number of MSMEs. In the
background of this, initiatives like Udyam Registration, Pahchan and GeM are welcome. They will encourage more
and more small enterprises to be a part of the formal sector.
invite your opinions.