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MSME jobs in India cross 19-crore mark: Govt data

This included 4.27 crore women employees and 2.15 crore employees in enterprises not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017.

The total number of jobs reported by micro, small and medium enterprises (MSMEs) in the country has crossed the 19-crore mark, according to data from the Udyam registration portal. Over 4.40 crore MSMEs registered with the MSME Ministry through the Udyam certification have reported 19.09 crore jobs, at the time of filing this report, growing by more than 2x from 8.81 crore in November 2022.

This included 4.27 crore women employees and 2.15 crore employees in enterprises not covered under the Goods and Services Tax (GST) regime or exempted from the CGST Act, 2017. From 2.8 crore in July 2020 when the Udyam registration portal was launched by the government, the job count has grown 6.8 times.

Highlighting the government measures to increase employment generation by MSMEs, the Department of Economic Affairs (DEA) under the Finance Ministry in its monthly economic report in February this year had noted that the revision in the definition of MSMEs provided ease in doing business and promoted investment and employment. 

Moreover, the launch of the Emergency Credit Link Guarantee Scheme (ECLGS) had eased liquidity problems of MSMEs, leading to a reduction in their Non-Performing Assets (NPAs).