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New MSME registration system sees 11 lakh applicants
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SME Times News Bureau | 08 Nov, 2020
More than 11 lakh enterprises have got themselves registered under the
new process for registration of Micro, Small and Medium Enterprises
(MSMEs) that has come into effect in the name of 'Udyam Registration'
from July 1.
The new process launched in July offers online
system of registration for MSMEs. This follows revised definition of
MSMEs announced by Finance Minister Nirmala Sitharaman in May as part of
the relief package for the industry amid the Covid-19 outbreak.
Under
the changes, the MSME Ministry has also launched a new portal for
MSME/Udyam registration. The portal has also been seamlessly integrated
with CBDT and GST networks as also with the GeM. Through this
integration, government is now offering now MSME registration as a
totally paperless exercise.
According a statement from the MSME
Ministry, the government has instructed all of its Field Establishments
such as MSME-Development Institutes, MSME Technology Centers, NSIC,
KVIC, Coir Board to extend full support to entrepreneurs for Udyam
Registration. Similarly, all District Magistrates and District
Industries Centers have been requested to expedite registration by the
MSMEs.
Grievances of MSMEs relating to registration are being
handled by CHAMPIONS' platform through its network of Central Control
Room and 68 State Control Rooms across the country.
As per the
analysis of the registrations till October 31, 2020 (more than 10 Lakh),
3.72 lakh enterprises have registered under Manufacturing category
whereas 6.31 lakh enterprises under Service sector.
The share of
Micro Enterprises is 93.17 per cent whereas Small and Medium Enterprises
are 5.62 per cent and 1.21 per cent, respectively. Also, 7.98 lakh
enterprises are owned by Male whereas 1.73 lakh enterprises by Female
entrepreneurs.
About 11,188 enterprises are owned by Divyangjan
entrepreneurs. Moreover, the Top 5 Industrial sectors of registrations
are - Food Products, Textile, Apparel, Fabricated Metal products and
Machinery and equipments.
In all 1,01,03,512 persons have been
given employment by these registered units. The five leading States for
Udyam registrations are Maharashtra, Tamil Nadu, Rajasthan, Uttar
Pradesh and Gujarat.
Under the terms of fresh registration, the process can be done without PAN upto March 31, 2021 as a transitional arrangement.
Similarly, Registration without GST number is also permitted up to that date.
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As on 13 Aug, 2022 |
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