More than 3 crore MSMEs registered on Udyam portal

As on 04.12.2023, as per Udyam Registration Portal, the total number of MSMEs registered since 01.07.2020 to 04.12.2023 in the country are 3,16,05,581 (including informal micro enterprises registered on Udyam Assist Platform). State wise and year wise details are attached as annexure I.

As on 04.12.2023, as per Udyam Registration Portal, the total number of women owned MSMEs registered since 01.07.2020 to 04.12.2023 in the country was 1,17,36,406 (including informal micro enterprises registered on Udyam Assist Platform). State wise details are attached as annexure II.

The steps taken by the ministry in ensuring growth of the MSME sector and the expenditure incurred thereto are as follows:-

1. “Udyam Registration” for MSMEs, for Ease of Doing Business w.e.f.  01.07.2020.
2. Inclusion of Retail and Wholesale traders as MSMEs w.e.f. 02.07.2021 for priority sector lending.
3. Non-tax benefits extended for 3 years in case of an upward change in status of MSMEs w.e.f. 18.10.2022.
4. Launch of Udyam Assist Platform on 11.01.2023 to bring Informal Micro Enterprises under the formal ambit for availing the benefits under Priority Sector Lending.

The steps taken by Government for resolution of the issue of pending payments faced by the MSME sector are as follows:-

• Under the provisions of the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, MSEFCs have been set up in the States/UTs to deal with the cases of delayed payments of the MSEs.
• The Ministry of MSME launched a portal viz. Samadhaan Portal for filing of grievances and for monitoring of the outstanding dues to the MSEs from the buyers of goods and services on 30.10.2017.
• The Ministry of MSME has requested States/UTs to set up more MSEFCs for quicker disposal of cases related to delayed payments. So far, 157 MSEFCs have been set up with more than one MSEFC set up in States like Delhi, Gujarat, Jammu & Kashmir, Karnataka, Kerala, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, U.P. & West Bengal.
• The Ministry of MSME has created a special sub-portal within Samadhaan Portal on 14.06.2020, after the AatmaNirbhar Bharat announcements, for reporting the dues and monthly payments by Central Ministries/Department/Public Sector Enterprises to MSMEs.
• Government of India has also instructed CPSEs and all companies with the turnover of Rs. 500 crore or more to get themselves on-boarded on the Trade Receivables Discounting System (TReDS), an electronic platform for facilitating the discounting of trade receivables of MSMEs through multiple financiers.
• Companies which get supplies of goods or services from MSEs and whose payment to MSEs exceeds 45 days from the date of acceptance or the date of deemed acceptance of the goods or services, also need to submit a half yearly return to the Ministry of Corporate Affairs stating the amount of payments due and the reasons of the delay.
• Under Section 43B of Income Tax Act: Deduction has been allowed for expenditure incurred on payments only when payment is actually made to MSMEs.

Annexure-I

Annexure-II