LatestLicenses And Certifications 1 October 2026
Nearly 40k MSMEs Close in FY 2024-25, Govt Links Multiple Factors
The Ministry of Skill and Entrepreneurship reports that 39,446 micro, small and medium enterprises exited the formal sector in FY 2024-25. Deregistrations are tied to the 2020 Udyam portal rollout, the shift from VAT to newer tax regimes, and broader market and financing pressures affecting business viability.
Key points
- 39,446 MSMEs deregistered in FY 2024-25, a sharp rise in closures.
- Ministry attributes the trend to multiple factors: the 2020 launch of the *Udyam Registration Portal*, changes from VAT to newer tax structures, and overall market and financing stresses.
- The wave reflects deeper challenges for small businesses navigating regulatory and fiscal shifts.
For full details, see the original report.
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