Summary:

Mr. Jitan Ram Manjhi, Union Minister for Micro, Small, and Medium Enterprises, reported that India currently has over 1.84 crore women-owned MSMEs. Since the launch of the Udyam platform in July 2020 and Udyam Assist in January 2023, women-owned MSMEs have represented 39% of all registered enterprises, totaling 1,84,59,809 as of July 23, 2024.

The government has introduced several measures to increase women's participation in the MSME sector. These include the 2018 Public Procurement Policy Amendment, which mandates that central ministries source 3% of their annual purchases from female businesses. Additionally, the credit guarantee system now offers up to 85% coverage for women, with a 10% reduction in charges.

Source: IBEF 

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