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LATEST NEWS UPDATES | OBC entrepreneurs own nearly 30% of India’s MSMEs -T Ramakrishnan

OBC entrepreneurs own nearly 30% of India’s MSMEs -T Ramakrishnan

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published Published on Apr 13, 2022   modified Modified on Apr 15, 2022

-The Hindu

Around 41% of OBC-owned units are located in Tamil Nadu, Maharashtra, and Rajasthan.

Chennai: Other Backward Classes (OBC) own nearly 30% of micro, small and medium enterprises (MSME) in the country. 

As on March 31, 2022, the number of MSMEs owned by OBCs was 23.31 lakh units, out of a total of about 80.16 lakh units in the country.  Of the OBC-owned units, around 41% are located in three States — Tamil Nadu (14.5%), Maharashtra (14.4%) and Rajasthan (12.4%), according to a perusal of the data furnished by the Office of the MSME Development Commissioner exclusively to The Hindu.  The data was compiled on the basis of the units that have registered themselves with the authorities through the Udyam portal. 

According to the social category-wise distribution, the General Category accounts for the highest share of the MSME units with 61.8%. In absolute figures, there are 49.56 lakh units belonging to this category. As many as 6.8% of the units — around 5.43 lakh — are owned by the Scheduled Castes, while the Scheduled Tribes run about 1.68 lakh units with 2.1% share.  A little over 18,000 units come under the category of “Unidentified”. 

As per a June 2020 notification of the Union Ministry of MSME, a micro enterprise has been defined as one where the investment in plant and machinery or equipment does not exceed 1 crore and turnover does not exceed 5 crore; a small enterprise as one where the investment in plant and machinery or equipment does not exceed 10 crore and turnover does not exceed 50 crore; and a medium enterprise as one where the investment in plant and machinery or equipment does not exceed 50 crore and turnover does not exceed 250 crore.

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The Hindu, 13 April, 2022, https://www.thehindu.com/news/national/other-backward-classes-own-nearly-30-of-indias-msmes/article65317432.ece


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