Did Gujarat Register Over 37 Lakh New MSMEs in the Last 5 Years?
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Synopsis
Gujarat has seen a significant surge in MSME registrations, with over 37 lakh new businesses established in just five years. This growth reflects government initiatives aimed at supporting the MSME sector and enhancing employment opportunities across the state.
Key Takeaways
- Gujarat registered 37,56,390 MSMEs in the last five years.
- Only 8,779 MSMEs closed down during this period.
- Over 34 crore jobs have been created through MSMEs since 2014.
- Government initiatives are boosting the MSME sector.
- Lending to MSMEs has significantly increased.
New Delhi, July 22 (NationPress) Gujarat has experienced a remarkable registration of 37,56,390 new Micro, Small, and Medium Enterprises (MSMEs) over the past five years, as reported by Union Minister of State for MSMEs, Shobha Karandlaje, during a session in Parliament.
In her written response to the Rajya Sabha, Karandlaje mentioned that within the same timeframe, 8,779 MSMEs have ceased operations in the state.
According to data from the Udyam Registration Portal, a total of 8,779 MSMEs have closed in Gujarat, while 2,892 have shut down in Andhra Pradesh from 01.07.2020 to 15.07.2025. During this period, the new registrations of MSMEs in Gujarat and Andhra Pradesh stand at 37,56,390 and 33,78,109, respectively,” stated the Union Minister.
She also emphasized various initiatives undertaken by the government to bolster the MSME sector across the nation.
Additionally, Union Minister Jitan Ram Manjhi informed the Rajya Sabha that more than 34 crore individuals have found employment through MSMEs since 2014, facilitated by the Udyam and Udyam Assist portals.
In response to inquiries in the Upper House, the Minister of MSMEs clarified that there is no deficit of funds or workforce in the sector. He provided examples of traditional artisans, such as cobblers, who have benefited from financial assistance under schemes like the PM Vishwakarma Yojana.
The total number of MSMEs in India has surpassed 6 crore, the minister added, noting that funding to the sector has escalated from Rs 12 lakh crore a decade ago to approximately Rs 30 lakh crore.
In his Budget address, Prime Minister Narendra Modi announced that the guarantee coverage for MSME loans would be increased to Rs 20 crore. Furthermore, the government is set to introduce customized credit cards with a limit of Rs 5 lakh to address working capital needs.
Point of View
The growth of MSMEs in Gujarat signifies a robust economic landscape, fostering entrepreneurship and job creation. The government's commitment to supporting the sector is crucial for maintaining this momentum and ensuring sustainable development.
NationPress
22/07/2025
Frequently Asked Questions
How many MSMEs were registered in Gujarat in the last five years?
Gujarat has registered a total of 37,56,390 MSMEs over the last five years.
What initiatives has the government taken to support MSMEs?
The government has launched various initiatives, including financial support programs and schemes like the PM Vishwakarma Yojana.
How many jobs have MSMEs created since 2014?
Since 2014, MSMEs have provided employment to over 34 crore people.
Is there a shortage of funds in the MSME sector?
According to the Minister, there is no shortage of funds or workers in the MSME sector.
What is the current lending amount to the MSME sector?
Lending to the MSME sector has increased from Rs 12 lakh crore a decade ago to about Rs 30 lakh crore.
