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Employment in MSMEs incorporated in FY22 surges 16%: Bhanu Pratap Singh Verma
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Minister of state for Micro, Small and Medium Enterprises (MSMEs) Bhanu Pratap Singh Verma has said that 1.31 crore people were employed in the MSMEs incorporated in the financial year 2021-22 (FY22), up by 16% as against 1.13 crore employees in the MSMEs incorporated in FY21.
As per the data on employment in MSMEs, 6622941 people were employed in the MSMEs incorporated in the financial year 2019-20 as compared with 6010653 employees in the MSMEs incorporated in financial year 2018-19.
The report further noted that 20,78,882 MSMEs were incorporated during the financial year 2021-22 as against 18,41,253 MSMEs incorporated during the financial year 2020-21. Meanwhile, during the financial year 2019-20, there were 11,03,970 MSMEs incorporated.
