Thread by @VerakInsurance

Women-led MSME registrations jumped 75% in FY22

Udyam portal, the official gateway for MSMEs (Micro, Small, and Medium Enterprises) to register in India, saw a 75% increase in registrations for women-led MSMEs in the financial year 2021-22.
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In contrast to 4.9 lakh registrations in FY21, there were over 8.59 Lakh registrations by women-led MSMEs in FY 2022. Although a sharp rise, the total share held by women entrepreneurs is still only around 17% of the total count.
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Regardless, the monumental rise of new women-led MSMEs shows how the MSME space is slowly but surely becoming more inclusive. With more and more schemes being launched by the government for the benefit of small businesses, women-led enterprises have not been overlooked.
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Just last month, the MSME Ministry launched a new scheme aimed at transforming India’s unskilled labour force into a skilled one. Under the SAMARTH scheme, 20% of free skill development programmes will be allocated to aspiring and existing women entrepreneurs.
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SAMARTH is only one of several schemes geared towards facilitating women entrepreneurs in growing their ventures. And many of these schemes have been fairly successful.
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The Pradhan Mantri Mudra Yojana (PMMY), for instance, disbursed a total of ₹91,314 crore to women-led MSMEs in the state of West Bengal alone.
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With raising capital being one of the biggest challenges faced by women entrepreneurs, such schemes have been instrumental in driving positive growth in the area.

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