UP and Bihar Exceeded Expectations on MSME Registrations

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Uttar Pradesh and Bihar have outperformed other states in Micro Small and Medium Enterprises (MSMEs) registration.

As per the MSME ministry’s data, Bihar ranked number 3 leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka.

On the other hand, with 8.06 lakh new registrations, UP stood fourth in the pecking order.

However, Maharashtra topped the chart with 15.26 lakh new registrations followed by Tamil Nadu with 9.46 lakh aspiring entrepreneurs.

In October last year, Manipur had topped the list of MSME business registration among the North-eastern states and 50 per cent of the businesses were owned by women.

Udyog Aadhaar Memorandum (UAM) is a one-page registration form which constitutes a self-declaration format under which the MSME will self-certify its existence, bank account details, promoter/owner’s Aadhaar details and other minimum information required.

Out of total registration of 83,70,447 MSMEs as compiled by Udyog Aadhaar Memorandum, 74,17,612 are registered under Micro Enterprises (88.62 per cent), 9,17,096 under Small Enterprises (10.96 per cent) and 35,739 (0.43 per cent) under Medium Enterprises.

SMEStreet Desk

SMEStreet is fast growing platform dedicated to entrepreneurs from small and medium sized businesses (SMEs). Committed to facilitate Knowledge & Networking for Business Growth, SMEStreet offers value added content which shows the actual voice of Indian MSMEs.

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