How many MSMEs have registered on Udyam portals for Government incentives?
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Synopsis
With over **6.63 crore** MSMEs registered on Udyam portals, the government is taking substantial steps to boost the sector. Discover how initiatives like the **PM Vishwakarma Scheme** and revamped credit guarantees are transforming the landscape for small businesses across India.
Key Takeaways
- MSMEs have increased to 6.63 crore registered on Udyam portals.
- The Udyam Assist Platform helps bring Informal Micro Enterprises into the formal sector.
- Government has revamped credit guarantees with Rs 9,000 crore funding.
- PM Vishwakarma Scheme supports traditional artisans and craftspeople.
- Collateral-free loans for MSEs will be available from April 1, 2025.
New Delhi, Aug 18 (NationPress): The overall count of micro, small, and medium enterprises (MSMEs) registered for various incentives on the Udyam Registration Portal and Udyam Assist Platform across the nation during the five-year span from July 1, 2020, to July 31, 2025, has surged to 6.63 crore, as informed to Parliament on Monday.
The Ministry of MSME has implemented several initiatives aimed at promoting and developing the MSME sector, including the launch of Udyam Registration, which has simplified the process of doing business for these smaller units. The introduction of the Udyam Assist Platform (UAP) has also played a pivotal role in bringing Informal Micro Enterprises (IMEs) into the formal sector, allowing them to benefit from priority sector lending (PSL). Furthermore, the inclusion of retail and wholesale traders within the MSME category has significantly aided small businesses, as stated by Minister of State for MSMEs Shobha Karandlaje during a written response in the Rajya Sabha.
Additional measures include the revamped government credit guarantee scheme for MSMEs, which has received an infusion of Rs 9,000 crore to enable an extra Rs 2 lakh crore in credit for MSEs and expand job opportunities.
Moreover, the Self-Reliant India (SRI) Fund has been established to inject Rs 50,000 crore in equity funding into MSMEs that demonstrate growth potential and viability for expansion into larger enterprises.
The introduction of the 'PM Vishwakarma' Scheme aims to provide comprehensive benefits to traditional artisans and craftsmen engaged in 18 trades, marking a significant boost to the sector.
As of April 1, 2025, collateral-free loans of up to Rs 10 crore will be available for MSEs, with 90 percent guarantee coverage for various loan categories, as indicated by the minister through the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) under the Credit Guarantee Scheme.
To address the issue of delayed payments to MSMEs, a Trade Receivables Discounting System (TReDS) has been established to facilitate the financing of trade receivables from corporates and other buyers, including government departments and public sector undertakings (PSUs), through multiple financiers electronically.
The enhancement of the maximum project cost from Rs 25 lakh to Rs 50 lakh for the manufacturing sector and from Rs 10 lakh to Rs 20 lakh for the service sector under the Prime Minister’s Employment Generation programme (PMEGP) has broadened the scope of the scheme, the minister concluded.
Point of View
It is clear that the government's proactive approach to enhancing the MSME sector is a vital move towards economic recovery and growth. By providing various incentives and support, the government is not only empowering small businesses but also fostering a spirit of entrepreneurship that is essential for the nation's prosperity.
NationPress
20/08/2025
Frequently Asked Questions
What is the total number of MSMEs registered on Udyam portals?
As of now, there are **6.63 crore MSMEs** registered on the Udyam portals for government incentives.
What initiatives have been launched to support MSMEs?
Key initiatives include the **Udyam Registration**, **Udyam Assist Platform**, and the **PM Vishwakarma Scheme** aimed at enhancing support for MSMEs.
How much funding has been allocated for MSME credit guarantees?
The government has infused **Rs 9,000 crore** into the revamped credit guarantee scheme for MSMEs.
What benefits does the PM Vishwakarma Scheme provide?
The **PM Vishwakarma Scheme** offers holistic benefits to traditional artisans and craftspeople engaged in various trades.
What is the significance of TReDS for MSMEs?
The **Trade Receivables Discounting System (TReDS)** helps MSMEs receive timely payments from corporates and government entities, addressing cash flow issues.
