Parliament heard transformative news from MSME Minister Jitan Ram Manjhi: Since inception in 2020 through February 28, 2026, Udyam Portal boasts 7.83 crore registrations, catalyzing 34.50 crore employment prospects nationwide.
In Lok Sabha, Manjhi noted 1.37 lakh deregistrations from reasons including closures, ownership changes, duplicates, or certification irrelevance. Government schemes are the linchpin for sustenance and expansion.
PMEGP leads with credit-subsidy for non-farm micro-enterprises, targeting unemployed youth and artisans—39% women with preferential 35% aid. Complementary efforts encompass credit guarantees, clusters, Champions scheme, and SRI Fund.
Pandemic-era ECLGS delivered Rs 5 lakh crore guarantees till March 2023, with Rs 1.13 crore MSME coverage. SBI’s January 2023 report credits it with preserving 14.6 lakh accounts, 98.3% micro-small.
Three-year tax exemptions reward uplifted performance; SRI Fund’s Rs 50,000 crore equity (govt Rs 10,000 cr, private Rs 40,000 cr) fuels scalable ventures.
This ecosystem of policies is empowering MSMEs as engines of inclusive growth, job multiplication, and Atmanirbhar Bharat, positioning India for enduring economic vitality.