UP, Bihar outperform, Maharashtra tops with 15.26 lakh MSME registrations

Bihar ranked number 3 leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka.

   

Migrant worker crisis has put the spotlight on lack of industrialisation and fewer job opportunities in Bihar and Uttar Pradesh. However, the government data shows that the two states outperformed some of the most industrialised peer states in MSME registration.

As per data released by the Ministry of Micro, Small and Medium Enterprises (MSMEs), Bihar ranked number 3 leaving behind the most populous state of Uttar Pradesh and the industrial states of Gujarat and Karnataka.

In fact, about 8.73 lakh entrepreneurs enrolled themselves on the central government’s Udyog Aadhaar Portal between October 2015 and December 2019, according to the latest data compiled by the MSME Ministry. With 8.06 lakh new registrations, UP stood fourth in the pecking order.

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

While the unusual rise in new MSME registrations, industry experts claim that the people may have registered themselves to avail Mudra loans, land allotment at concessional rates and subsidy under various schemes

“A good number of people registered on the Udyog Aadhaar portal assuming financial support from the government. Since registration does not require pre-inspection before allotting the number, people rushed for it,” quoted an official.