In recently held FICCI CMSME National Conference 2024′, Dr Rajneesh, Additional Secretary and Development Commissioner (MSME), Ministry of MSME, Govt of India said that government has bridged a large gap in formalization of MSMEs in the last few years. He added that many MSMEs need to register with the government, and it was estimated that there were around 6.5-7 crore MSMEs in India economy and only 1.63 crore MSMEs were registered till last year with the government. The government started concerted drive jointly with state governments and industry associations. As on date, the total number of registered MSMEs with the ministry in more than 1 year has increased from 1.65 crore to 5 crore bridging the large formalization gap, he noted.
| Subscribe To Our Free Newsletter |
