The platform added over 1 crore jobs within a month, after breaching the 13-crore mark in August, FE Aspire had reported. Importantly, former MSME minister Nitin Gadkari in 2020 had targetted adding 5 crore jobs in 5 years.
MSME jobs: The total number of jobs or employment reported by the 2.7 crore MSMEs registered on the government MSME registration portal Udyam has neared 14 crore, according to the data on the platform. The total employment as of Wednesday reported was 13.99 crore, including 13.10 crore involved in 1.93 crore MSMEs registered directly on the Udyam portal and 88.84 lakh jobs in 76.72 lakh units registered through the Udyam Assist Platform (UAP) launched by the government in January this year for units that are not registered under the Goods and Services Tax (GST) framework.
The platform added over 1 crore jobs within a month, after breaching the 13-crore mark in August, FE Aspire had reported. Importantly, former MSME minister Nitin Gadkari in 2020 had targeted adding 5 crore jobs in 5 years.
According to the government data, post-Covid, 63,248 people working in the MSME sector lost their jobs between July 1, 2020, and July 20, 2022. This included 19,862 jobs lost in FY21 and 42,662 in FY22. Till July FY2023, 724 jobs were lost, as per data shared by Bhanu Pratap Singh Verma, Minister of State in the MSME Ministry in the Rajya Sabha in July last year.
The job losses were respectively reported across 2,870 Udyam-registered MSMEs that were shut between July 1, 2020, and March 31, 2021, followed by 6,222 MSMEs shutting in FY22, and 175 Udyam units that got closed between April 1 and July 20 last financial year, FE Aspire had reported.
According to the Minister of State for MSMEs Bhanu Pratap Singh Verma, the data on the temporary or permanent loss of jobs in the MSME sector is not maintained by the government as MSMEs are present in both formal and informal sectors. He told the Rajya Sabha while responding to a question during the budget session of 2023-24.
