Top 3 States contribute 40% of registered MSMEs in India!

Economy Business

Maharashtra, Tamil Nadu, and Uttar Pradesh collectively contribute nearly 40 per cent of all registered micro, small, and medium enterprises (MSMEs) in India, per a CBRE-CREDAI report. As of December 2023, there are over 3 crore MSMEs registered in the country, according to government data.Uttar Pradesh has secured a significant position among the top three States, holding a 9 per cent share in the national MSME landscape. This is due to policy initiatives like 50 per cent interest subsidy for micro units (capped at ₹25 lakh), an annual infrastructure interest subsidy of up to 50 per cent for approved projects with 10 acres or more (capped at ₹2 crore), 100 per cent stamp duty exemption in select regions, and other supportive measures.


      To further incentivise MSMEs, the State government has implemented a range of schemes.

      The MSME ecosystem in Uttar Pradesh has seen the emergence of key clusters in cities such as Agra, Kanpur, Varanasi, Lucknow, Meerut, and Ghaziabad, actively participating in the Udyam scheme

      Maharashtra, Tamil Nadu, and Uttar Pradesh collectively contribute nearly 40 per cent of all registered micro, small, and medium enterprises (MSMEs) in India

 

     


About Tamilnadu:

Chief minister: M. K. Stalin
Capital: Chennai
          ____________________________