Centre plans big boost for MSMEs with an inter-ministry data bank

This could help form better schemes

The Centre is working towards building a robust data bank for small businesses by integrating information across various ministries and government data.
 
The micro, small and medium enterprises (MSMEs) ministry is in talks with other government departments, so that more businesses are registered as MSMEs.
 
“We are requesting other ministries to accept Udyam registration as the formal identity for their schemes. The Udyam registration number will act as a common business number. This number can be used across ministries,” a senior government official told Business Standard.
 
For instance, there are schemes that aim to support enterprises in