The employment reported by India’s micro, small, and medium enterprises (MSMEs) has surpassed 20.2 crore, according to the MSME Ministry’s Udyam registration portal. This represents a 66% increase from 12.1 crore jobs in July last year. Of the total workforce, 4.54 crore are women. Currently, 4.68 crore MSMEs are registered, with micro-enterprises making up the majority. The Finance Ministry noted a 5.3-fold increase in MSME employment since Udyam’s launch in July 2020. Simplified registration and clear definitions have helped these enterprises benefit from various government incentives.
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