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Sunday, December 22, 2024

Role of MSMEs in Manufacturing Sector

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The Micro, Small and Medium Enterprises (MSMEs) plays an important role in manufacturing sector of the country.

For more information also read – https://smeventure.com/impact-of-high-repo-rate-on-msme-sector/

As per information received from Ministry of Statistics & Programme Implementation, the Share of MSME Manufacturing Output in All India Manufacturing sector Output was as follows:

Year Share of MSME Mfg. O/P in All India Mfg. O/P (in %)
2016-17 37.09%
2017-18 37.38%
2018-19 36.86%
2019-20 36.68%
2020-21 35.98%

As per Udyog Aadhar Portal, the number of enterprises which were registered and afterwards withdrawn their registration (as on 15.07.2022) with specified reasons is as follows:

Do watch – https://www.youtube.com/watch?v=6w8QsQAGar8&t=11s

Reasons 2017-18 2018-19 2019-20 2020-21
(Till 30/06/2020)
Total
No Further Required 0 0 157 94 251
Shut down 0 0 245 155 400
Duplicate 0 0 96 69 165
Owner Change 0 0 100 58 158
Other 0 0 314 182 496
Total 0 0 912 558 1470

As per Udyam Registration Portal, the number of enterprises which were registered and afterwards withdrawn their registration (as on 15.07.2022) with specified reasons is as follows:

Reasons 2020-21
(From 01/07/2020)
2021-22 2022-23* Total
No Further Required 170 3733 1607 5510
Shut down 175 6222 2744 9141
Duplicate 67 942 333 1342
Owner Change 60 2713 1138 3911
Other 459 10465 4673 15597
Total 931 24075 10495 35501

 

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