Around 25,000 MSMEs were locked out after Corona

-


NEW DELHI: The number of micro, small and medium enterprises (MSME) closures during FY 2022-23 has more than doubled from the previous fiscal year. According to government data, during FY 2023, 13,290 enterprise-registered MSMEs closed, up 113 percent from the 6,222 MSMEs that closed during FY 2022, Minister of State for MSME Bhanu Pratap Singh Verma told the Lok Sabha. According to the data shared in a written reply to a question, from only 175 units closed during July-March financial year 2021, this number increased drastically after the Corona epidemic.

In the current financial year (as on July 18), 5,152 units were closed, taking the total number of closed MSMEs to 24,839 since July 2020, while 19,687 were closed as of July 2023.

Further, the number of MSMEs that closed between July 2021 and March 2023 was 19,248 and the number of people employed in those MSMEs as on July 13, 2023 was 1,32,205. However, during the same period, 45,99,944 new MSMEs were incorporated and 2,89,35,351 (2.89 crore) are registered on Udyam Portal with employment.

24,839 closed enterprises were 0.11 percent of the 2.08 sgse registered on the portal. Of the 2.08 crore units registered, 2.01 were micro enterprises, 5.59 lakh small enterprises and 52,792 medium units. This includes 30.93 lakh micro enterprises registered through the Udyog Sahay Portal to help non-GST registered micro units get on the Udyam Portal and avail priority sector credit.

6,317 MSMEs closed down in Maharashtra while 3,158 units closed down in Tamil Nadu, 2,292 closed down in Uttar Pradesh and 2,123 closed down in Gujarat.


Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more