**Executive Summary**
This report highlights the significant growth of MSME registrations on the Udyam Registration Portal, reaching over 7.83 crore enterprises as of February 28, 2026. It outlines the government's efforts to facilitate institutional credit and competitiveness through various schemes and the Budget 2026-27 announcements. Key measures include mandating digital platforms for settlements and integrating procurement systems to streamline financing for the MSME sector.
**Key Points / Main Content**
**Registration and Growth Trends**
* A revised MSME definition based on composite criteria of investment and turnover was adopted in 2020.
* Total registrations on the Udyam Registration Portal (URP) and Udyam Assist Platform (UAP) grew from 0.79 crore in FY 2021-22 to 7.83 crore by February 2026.
* The UAP was specifically launched on January 11, 2023, to formalize Informal Micro Enterprises (IMEs).
**Institutional Credit and Support Schemes**
* Existing initiatives to facilitate credit include the Prime Minister’s Employment Generation Programme (PMEGP), Credit Guarantee Scheme for Micro and Small Enterprises (CGTMSE), Self-Reliant India Fund, and PM Vishwakarma.
* Competitiveness is supported through technology upgradation and digital adoption via the MSME Champions scheme (ZED, Lean, and Innovative schemes).
* Specialized financing is provided through the MSE-GIFT Scheme (Green Investment), MSE-SPICE Scheme (Circular Economy), and the TEAM Initiative (Trade Enablement and Marketing).
**Budget 2026-27 Measures for Credit Access**
* **TReDS Mandate:** The Trade Receivables Discounting System (TReDS) is mandated as the settlement platform for all MSME purchases by Central Public Sector Enterprises (CPSEs).
* **Credit Guarantees:** Introduction of CGTMSE-backed support for invoice discounting specifically on the TReDS platform.
* **System Integration:** Integration of the Government e-Marketplace (GeM) with TReDS to allow financiers to share information on government purchases, reducing credit costs.
* **Secondary Market Development:** Introduction of TReDS receivables as asset-backed securities to improve liquidity and settlement speed.
**Impact Analysis**
**MSMEs (Micro, Small, and Medium Enterprises)**
**Impact**
Enterprises benefit from easier access to institutional credit, faster payment settlements, and enhanced competitiveness through digital and green technology schemes.
**Action Required**
Unregistered enterprises should register on the URP or UAP; registered units should utilize TReDS for invoice discounting and apply for relevant certification/financing schemes.
**Central Public Sector Enterprises (CPSEs)**
**Impact**
CPSEs are now required to standardize their procurement settlement process through a specific digital platform, setting a benchmark for the corporate sector.
**Action Required**
Mandatorily adopt TReDS as the settlement platform for all purchases made from MSMEs.
**Financiers and Institutional Lenders**
**Impact**
Financiers gain access to better information sharing via GeM-TReDS integration and reduced risk through CGTMSE-backed credit guarantees.
**Action Required**
Utilize integrated data to facilitate faster and cheaper credit and participate in the secondary market for asset-backed securities.
**State/UT Governments**
**Impact**
Regional development is facilitated through Union Government schemes targeting semi-urban and rural MSMEs.
**Action Required**
Coordinate with the Ministry of MSME to conduct awareness programmes and workshops to increase local participation.
Key Entities Referenced
Udyam Registration Portal (URP): The official digital platform used for the registration and classification of Micro, Small, and Medium Enterprises (MSMEs) based on composite criteria of investment and turnover.
Ministry of Micro, Small & Medium Enterprises: The primary central government authority responsible for the development, promotion, and implementation of policy initiatives for MSMEs.
TReDS (Trade Receivables Discounting System): An institutional mechanism for financing trade receivables of MSMEs, mandated as the settlement platform for CPSE purchases to facilitate easier access to credit.
Udyam Assist Platform (UAP): A dedicated platform launched to formalize Informal Micro Enterprises (IMEs) and integrate them into the registered MSME ecosystem.
Budget Announcement 2026-27: A referenced policy document introducing additional measures to facilitate MSME access to institutional credit through digital lending platforms and TReDS integration.
Ministry of Micro,Small & Medium Enterprises
Over 7.83 crore enterprises registered on Udyam
Registration Portal (URP); growth trend indicated
Efforts of the State/UT Governments in development and
promotion of MSMEs facilitated through various schemes by
the Government of India
Budget Announcement 2026-27 introduces many additional
measures to facilitate easier access to institutional credit for
registered MSMEs
Posted On: 30 MAR 2026 4:10PM by PIB Delhi
A revised definition based on the composite criteria of investment and turnover, was adopted to classify
Micro, Small and Medium Enterprises (MSMEs) in 2020. For registration of MSMEs, Udyam
Registration Portal (URP) was launched on 01.07.2020. Further, to formalise Informal Micro Enterprises
(IMEs), Udyam Assist Platform (UAP) was launched on 11.01.2023. Since the adoption of the revised
classification criteria of MSMEs on 01.07.2020, over 7.83 crore enterprises have registered on URP and
UAP as of 28.02.2026. The State-wise details of the total MSMEs registered are at Annexure-I.
As per URP, the cumulative number of enterprises registered at the end of the Financial Year 2021-22,
2022-23, 2023-24, 2024-25 and 2025-26 (till 28.02.2026) is 0.79 Crore, 1.64 Crore, 4.12 Crore, 6.19
Crore and 7.83 Crore respectively, indicates the growth trend of the registered enterprises on URP.
Government supplements the efforts of the State/UT Governments through various schemes, programmes
and policy initiatives for development and promotion of MSMEs including semi-urban and rural regions.
To facilitate access to institutional credit for registered MSMEs, including newly registered enterprises,
various initiatives such as Prime Minister's Employment Generation Programme, Credit Guarantee
Scheme for Micro and Small Enterprises, Self-Reliant India Fund, PM Vishwakarma are in place.
Additionally, to strengthen MSME competitiveness through technology upgradation and digital adoption,
Ministry of MSME implements schemes such as MSME Champions scheme comprising of MSME-
Sustainable (ZED) Certification Scheme, MSME-Competitive (Lean) Scheme, MSME-Innovative
{Incubation, Design and Intellectual Property Rights(IPR)} Scheme, Green Investment and
Financing for Transformation Scheme (MSE- GIFT Scheme), Micro, and Small Enterprises Scheme for
Promotion and Investment in Circular Economy (MSE- SPICE Scheme), Trade Enablement and
Marketing (TEAM) Initiative etc.In Budget Announcement 2026-27, to facilitate easier access to institutional credit for registered MSMEs,
including through digital lending platforms, the following additional measures have been announced:
i. Mandate TReDS as the settlement platform for all purchases from MSMEs by CPSEs, setting a
benchmark for other Corporate.
ii. Introduce CGTMSE-backed credit guarantee support for invoice discounting on TReDS platform.
iii. Integrate GeM with TReDS to enable information-sharing with financiers on government MSME
purchases, facilitating faster and cheaper credit.
iv. Introduce TReDS receivables as asset-backed securities to deepen the secondary market, improve
liquidity, and speed up settlements.
Further to increase awareness among MSMEs, awareness programmes are conducted by field offices of
Ministry of MSME, in coordination with MSME/ Industry Departments of States/UTs concerned and
other MSME stakeholders through physical workshops, social media, print media & electronic media for
creating wide publicity for increasing participation from all stakeholders.
This information was given by the Minister of State for Micro, Small and Medium Enterprises Sushri
Shobha Karandlaje in a written reply in Rajya Sabha today.
****
Sunil Kumar Tiwari
E-Mail – hipessi[at]gmail[dot]com
Annexure-I
State-Wise details of Enterprises Registered on Udyam Registration Portal (URP) & Udyam
Assist Platform ( UAP) Since 01/07/2020 to 28/02/2026.
Sl. No. State Total Registered MSMEs
1 Andaman and Nicobar Islands 22,212
2 Andhra Pradesh 3,928,602
3 Arunachal Pradesh 48,870
4 Assam 1,512,853
5 Bihar 4,273,285
6 Chandigarh 81,0547 Chhattisgarh 1,348,345
8 Delhi 1,468,297
9 Goa 130,080
10 Gujarat 4,369,973
11 Haryana 2,018,439
12 Himachal Pradesh 343,104
13 Jammu And Kashmir 851,815
14 Jharkhand 1,558,451
15 Karnataka 4,991,314
16 Kerala 1,842,567
17 Ladakh 20,264
18 Lakshadweep 2,451
19 Madhya Pradesh 4,827,725
20 Maharashtra 10,144,478
21 Manipur 178,102
22 Meghalaya 74,087
23 Mizoram 52,518
24 Nagaland 74,746
25 Odisha 2,437,145
26 Puducherry 108,206
27 Punjab 2,137,630
28 Rajasthan 4,446,33829 Sikkim 36,269
30 Tamil Nadu 6,227,609
31 Telangana 3,833,083
32 The Dadra & Nagar Haveli and Daman & Diu 35,889
33 Tripura 314,007
34 Uttar Pradesh 8,603,272
35 Uttarakhand 649,476
36 West Bengal 5,310,326
Total:- 78,302,882
Source: Udyam Registration Portal
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