MSMEs In India Generated Over 20.5 Crore Jobs In 4 Years: Centre
NDTV
Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.
The micro, small and medium enterprises (MSMEs) in India have generated more than 20.5 crore jobs in the last four years, the Centre informed on Monday.
In a reply to a question in the Rajya Sabha, Union Minister of Micro, Small and Medium Enterprises, Jitan Ram Manjhi, informed that Udyam Registration Portal was launched on July 1, 2020 and since then, the total employment reported by MSMEs on the Portal and Udyam Assist Platform is 20.51 crore (as on July 24, 2024).
Keeping this surge in employment in mind, the Union Budget 2024-25 has included several significant provisions for the sector, including a new credit guarantee scheme, offering collateral-free loans to the MSME units.