India now boasts 4.5 crore registered MSMEs.
An astounding 98% of these MSMEs
are micro enterprises. These tiny businesses are crucial for local economies
MSMEs employ over 11 crore people,
making them a vital component of India’s employment landscape.
The Udyam registration portal has streamlined the process for MSMEs
to get registered, boosting formalization and aiding in policy implementation
Various government initiatives like ‘Make in India’
and credit schemes are empowering MSMEs.
The future looks promising with continuous reforms and support.
Know the registration process >