India MSME Statistics 2026: 160 Numbers on Udyam, Jobs, Credit and Delayed Payments

Key MSME Statistics India 2026 at a Glance

Official counts of MSMEs differ by date and platform, as the table below shows. The Udyam dashboard gives the latest registered count, while the NSO's ASUSE survey measures the wider unincorporated sector, registered or not.

• 9,89,48,351 enterprises were registered across the Udyam Registration Portal and the Udyam Assist Platform combined, according to the official dashboard on 18 October 2026. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), 18 Oct 2026)
• 9,83,14,777 of those registered and classified enterprises were micro units, against 5,45,060 small and 42,018 medium units, as of 18 October 2026. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), 18 Oct 2026)
• 9.16 crore MSMEs were registered on the Udyam platform as of August 2026, according to the government's factsheet on the MSMED (Amendment) Bill, 2026. (Press Information Bureau, Government of India, The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026: Reforms for a Growing MSME Sector, Aug 2026)
• 7.92 crore unincorporated non-agricultural establishments operated in India during 2025, up from 7.34 crore in 2023-24, per the NSO's ASUSE survey. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025)
• about 31% of India's GDP comes from MSMEs, alongside 35% of manufacturing output and around 48% of exports, the Ministry of MSME told the Lok Sabha. (Ministry of MSME, reply in Lok Sabha, Lok Sabha Starred Question No. 560: Contribution of MSMEs in Maharashtra, Apr 2026)
• more than 38.9 crore people are employed by MSMEs on January 2026 data, making the sector India's second-largest source of employment after agriculture. (Press Information Bureau, Government of India, From Enterprise to Empowerment: The MSME Story, Jan 2026)
• 19.0 per cent of scheduled commercial banks' adjusted net bank credit went to MSMEs at end-March 2025, down from 19.3 per cent a year earlier. (Reserve Bank of India, Report on Trend and Progress of Banking in India 2024-25, Chapter IV: Commercial Banks, Mar 2025)
• ₹31,08,962 crore of MSME credit was outstanding with scheduled commercial banks at end-March 2025, up 14.1% year on year, per the RBI. (Reserve Bank of India, Report on Trend and Progress of Banking in India 2024-25, Chapter IV: Commercial Banks, Mar 2025)
• ~19% of bank credit in India went to the MSME segment in March 2026, according to Crisil Ratings. (Crisil Ratings, Banks to keep gross NPAs under control at 2.0-2.2% by March 2027, Mar 2026)
• 3.6 crore MSMEs had ever accessed formal credit by March 2026, against 8.7 crore registered MSMEs as of December 2025, per the TransUnion CIBIL-SIDBI MSME Pulse (July 2026). (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, Mar 2026)
• ₹50.9 lakh crore was India's small business credit portfolio in June 2026, up 14.9% year on year, according to credit bureau CRIF High Mark. (CRIF High Mark, Small Business Spotlight Report, October 2026 (State in Focus: Rajasthan), Jun 2026)

Udyam Registration Statistics and MSME Formalisation

Udyam is the government's online registration for MSMEs, and the Udyam Assist Platform is a separate route for informal micro enterprises. The investment and turnover limits for each category were raised from 1 April 2025.

• 5,48,85,814 enterprises held a full registration on the Udyam Registration Portal, the PAN-linked route for formal MSMEs. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), 18 Oct 2026)
• 4,40,62,537 informal micro enterprises were registered on the Udyam Assist Platform, and every one of them is classified as micro. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), 18 Oct 2026)
• ₹2.5 crore is the investment ceiling for a micro enterprise from 1 April 2025, up from ₹1 crore, with the turnover ceiling raised from ₹5 crore to ₹10 crore. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), From 1 Apr 2025)
• ₹125 crore is the investment limit for a medium enterprise from 1 April 2025, with turnover allowed up to ₹500 crore, up from ₹50 crore and ₹250 crore. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), From 1 Apr 2025)
• 7.30 crore enterprises were registered across both platforms between July 2020 and December 2025: 4.37 crore on the Udyam Portal and 2.92 crore on the Udyam Assist Platform. (DD News (Prasar Bharati), Union Budget 2026-27 puts MSMEs at the core of India's global growth strategy, Jul 2020 to Dec 2025)
• 3.21 crore informal micro enterprises had been onboarded through the Udyam Assist Platform by March 2026, alongside about 4.72 crore enterprises on the Udyam Portal. (DD News (Prasar Bharati), Empowering India's grassroots economy: How MSMEs are driving growth across rural and semi-urban India, Mar 2026)
• 5.60 crore enterprises were registered on 30 November 2024, up from 1.65 crore on 31 March 2023, with registrations averaging over 30,000 a day. (News On AIR (Akashvani), Registered Enterprises on MSME Udyam Portal Jump from 1.65 Crores to 5.60 Crores, 30 Nov 2024)
• 49 thousand enterprises employing over three lakh people had de-registered or shown closure on the Udyam portal between July 2020 and July 2024. (News On AIR (Akashvani), Over 2.77 Crore Enterprises Register on Udyam Portal, Jul 2020 to Jul 2024)
• 41% of Udyam-registered entities had ever taken commercial credit at industry level, measured against Udyam registrations as of June 2026. (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, Jun 2026)
• 50,79,017 MSMEs were registered on the Udyam portal by 30 September 2021 (2021 data), of which 93.98% were micro enterprises. (Office of the Development Commissioner (MSME), Ministry of MSME, Udyam Registration Bulletin VII: Analysis of Udyam Registration Data (up to 30 September 2021), 30 Sep 2021)

MSME Contribution to India GDP and Manufacturing Output

GDP and export shares come from NSO data cited in the Economic Survey and from ministry replies to Parliament. Value added for the informal base of the sector comes from MoSPI's ASUSE survey of unincorporated non-agricultural enterprises.

• 31.1% of India's GDP came from MSMEs in 2023-24, per NSO data cited in the Economic Survey 2025-26, which also credits them with about 48.58% of exports. (Ministry of Finance, Government of India, Economic Survey 2025-26, Chapter 8: Industry's Next Leap, FY2023-24 (Economic Survey 2025-26, Jan 2026))
• 35.4% of India's manufacturing output is attributed to MSMEs in the Economic Survey 2025-26. (Ministry of Finance, Government of India, Economic Survey 2025-26, Chapter 8: Industry's Next Leap, FY2023-24 (Economic Survey 2025-26, Jan 2026))
• 27.3% was the MSME share of GDP in FY21, the post-Covid low, before it rebounded to roughly 30% by FY25, per Dun & Bradstreet's MSME Sampark report. (Dun & Bradstreet India, Dun & Bradstreet unveils 4th MSME Sampark Report showcasing India's MSME resilience (press release), FY2021 to FY2025)
• Nearly 40% is the MSME share of GDP Dun & Bradstreet projects by 2030 under its most accelerated AI-adoption scenario, up from 31.1% today. (Dun & Bradstreet India, Deeper AI adoption could lift MSMEs' contribution to India's GDP to nearly 40% by 2030 (press release), 2030 projection (Aug 2026 survey))
• ₹19,92,577 crore of gross value added was generated by India's unincorporated non-agricultural enterprises in 2025, the informal base of the MSME sector, per MoSPI's ASUSE. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, Jan-Dec 2025)
• 10.87% was the growth in gross value added (current prices) of unincorporated enterprises between ASUSE 2023-24 and ASUSE 2025. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025 vs 2023-24)
• 16.77% was the GVA growth of the trade segment of unincorporated enterprises, outpacing manufacturing at 8.52% and other services at 7.36%. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025 vs 2023-24)
• 21% of unincorporated-sector GVA comes from manufacturing, against 42% from other services and 37% from trade. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025)
• ₹1,56,539 was gross value added per worker in unincorporated enterprises in 2025, up 4.54% from ₹1,49,742 in 2023-24. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025)
• Nearly one-third of the unincorporated sector's establishments, workforce and GVA is concentrated in just the top 50 districts, MoSPI's first district-level estimates show. (National Statistics Office, Ministry of Statistics and Programme Implementation, Unincorporated Sector at the District Level: Insights from ASUSE 2025 (press note), 2025)
• ₹2694.2 thousand crore was the gross value added of India's registered factory sector in 2024-25, up 9.59% from ₹2458.3 thousand crore a year earlier. (National Statistics Office, Ministry of Statistics and Programme Implementation, Annual Survey of Industries: Insights from ASI 2024-25 (press note), FY2024-25)
• 13.5% of India's GDP came from manufacturing value added in 2025, up from 13.1% in 2024, World Bank estimates show. (World Bank, World Development Indicators: Manufacturing, value added (% of GDP), India, 2025)
• 2.9% of global manufacturing GVA was India's estimated share in 2024, a gap the Economic Survey says MSMEs must help close. (Ministry of Finance, Government of India, Economic Survey 2025-26, Chapter 8: Industry's Next Leap, 2024)
• 90% of businesses worldwide are MSMEs, which also provide 60 to 70% of employment and about 50% of global GDP, the United Nations says. (United Nations, Micro-, Small and Medium-sized Enterprises Day, Global benchmark (UN, 2026))

MSME Employment Statistics in India

Job counts vary widely by source. Udyam figures are reported by the enterprises themselves, while ASUSE and the Periodic Labour Force Survey are surveys run by the NSO.

• 43,75,70,360 jobs were reported by enterprises on the Udyam Registration Portal and Udyam Assist Platform combined, as of 18 October 2026. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), 18 Oct 2026)
• 37,20,38,005 of those jobs were reported by enterprises holding a full registration on the Udyam Registration Portal, as of 18 October 2026. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), 18 Oct 2026)
• 6,55,32,355 jobs were reported by informal micro enterprises on the Udyam Assist Platform, as of 18 October 2026. (Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview), 18 Oct 2026)
• more than 40 crore people were employed by the 9.16 crore Udyam-registered MSMEs as of August 2026, the government said. (Press Information Bureau, Government of India, The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026: Reforms for a Growing MSME Sector, Aug 2026)
• 12.81 crore workers were employed in India's unincorporated non-agricultural enterprises during January-December 2025, according to the NSO's ASUSE survey. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025)
• 74.52 lakh new jobs were added in unincorporated non-agricultural enterprises between ASUSE 2023-24 and ASUSE 2025, employment growth of 6.18%. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025)
• over 28 crore Indians work in micro and small enterprises, the largest employer after agriculture, according to CGTMSE's 2024-25 annual report. (Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE Annual Report 2024-25, 2024-25)
• around 12 crore jobs in micro and small enterprises are in trade, against an estimated 10 crore in services, per CGTMSE's 2024-25 annual report. (Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE Annual Report 2024-25, 2024-25)
• approximately 6 crore jobs in micro and small enterprises are in manufacturing, according to CGTMSE's 2024-25 annual report. (Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE Annual Report 2024-25, 2024-25)
• 61.6 crore people aged 15 and above were employed in India on average during 2025, the base against which MSME job counts are measured. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Periodic Labour Force Survey Annual Report 2025 (January-December 2025), 2025)
• 56.2% of India's workers were self-employed in 2025, down from 58.2% in 2023, per the Periodic Labour Force Survey. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Periodic Labour Force Survey Annual Report 2025 (January-December 2025), 2025)
• more than 97 lakh people have found employment through micro enterprises set up under the PMEGP margin-money subsidy scheme since its inception, as of May 2026. (Press Information Bureau, Government of India, From Enterprise to Empowerment: The MSME Story, May 2026)
• 30 lakh artisans and craftspeople were registered under the PM Vishwakarma scheme, meeting its 2028 target in September 2025; 24,41,986 have completed basic training. (Ministry of Micro, Small and Medium Enterprises, PM Vishwakarma scheme dashboard (key indicators), Sep 2025 (dashboard read Oct 2026))

MSME Export Statistics and Share of India Exports

MSME export figures come from DGCI&S data cited in Parliament and from PIB releases. Support for exporters is listed alongside, since credit, guarantee and insurance terms decide how much risk a small exporter carries.

• ₹9,52,023.35 crore of MSME-related exports were recorded in April to September 2025, per a Lok Sabha reply citing DGCI&S data. (DD News (Prasar Bharati), with IANS, MSME exports cross Rs 9.52 lakh crore in April-September FY26, Apr to Sep 2025)
• ₹12.39 lakh crore of MSME exports were recorded in 2024-25 (as of Dec 2024), up from ₹3.95 lakh crore in 2020-21, according to the Press Information Bureau. (Press Information Bureau, Government of India, The MSME Revolution: Transforming India's Economic Landscape, 2024-25 (as of Dec 2024))
• 1,73,350 exporting MSMEs were counted for 2024-25 as of December 2024, more than triple the 52,849 recorded in 2020-21. (Press Information Bureau, Government of India, The MSME Revolution: Transforming India's Economic Landscape, 2024-25 (as of Dec 2024))
• ₹25,060 crore is the total outlay of the Export Promotion Mission for FY 2025-26 to FY 2030-31, with dedicated finance schemes for MSME exporters. (DD News (Prasar Bharati), with IANS, Centre rolls out two finance schemes to boost MSME exports, FY 2025-26 to FY 2030-31)
• 2.75% is the base interest subvention on export credit announced under the Export Promotion Mission's trade-finance support. (DD News (Prasar Bharati), with IANS, Centre rolls out two finance schemes to boost MSME exports, FY 2025-26)
• ₹50 lakh is the annual cap on interest subvention per exporting firm prescribed for FY 2025-26. (DD News (Prasar Bharati), with IANS, Centre rolls out two finance schemes to boost MSME exports, FY 2025-26)
• 85% guarantee coverage on export credit is offered to micro and small exporters, against up to 65% for medium exporters, under the mission's collateral support. (DD News (Prasar Bharati), with IANS, Centre rolls out two finance schemes to boost MSME exports, FY 2025-26)
• ₹20 crore is the maximum term-loan size announced in Budget 2025-26 for export-oriented MSMEs. (DD News (Prasar Bharati), Budget 2025-26: MSMEs to receive Rs 1.5 lakh crore in additional credit, new initiatives to benefit 5 lakh entrepreneurs, Budget 2025-26)
• ₹10 lakh per-consignment value cap on courier exports is proposed for complete removal in Union Budget 2026-27, easing small-ticket e-commerce exports. (DD News (Prasar Bharati), Union Budget 2026-27 puts MSMEs at the core of India's global growth strategy, Budget 2026-27)
• ₹6,614.40 crore of coir products were exported last financial year, up 305% from ₹1,630.33 crore in 2014-15, the MSME Ministry said. (News On AIR (Akashvani), India's coir exports surged 305% to Rs 6,614 crore in last financial year, FY 2025-26)
• About 85% of surveyed MSME exporters that practise formal risk management (59% of IIFT's 300-firm sample) chose ECGC export credit insurance to cover non-payment risk. (Indian Institute of Foreign Trade (Ojha, Siddiqui, Nag, Arora), Role of ECGC in Export Performance of Firms in the MSME Sector of India (Working Paper EC-24-67), IIFT working paper EC-24-67)
• $20 billion in cumulative e-commerce exports from India had been enabled by Amazon by 2025, against a 2020 pledge of $10 billion; it now targets $80 billion by 2030. (Amazon India, How Amazon is supporting India's Atmanirbhar Bharat vision: what we've achieved and what's next, 2025)

MSME Credit and Finance Statistics: Credit Gap, Lending and Guarantees

These figures cover how much credit reaches MSMEs, from bank lending and guarantees to Mudra loans and invoice discounting on TReDS. The RBI, credit bureaus and lenders measure the portfolio in different ways, so compare figures within one source.

• ₹65.8 lakh crore of commercial credit was outstanding to individual and enterprise borrowers in March 2026, with individuals holding 28% of balances. (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, March 2026)
• 3.6 crore MSMEs had ever accessed formal credit as of March 2026, against 8.7 crore registered MSMEs as of December 2025, per TransUnion CIBIL and SIDBI. (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, December 2025 / March 2026)
• 65% growth in the number of credit-active MSME entities was recorded over the five years to March 2025, as the commercial portfolio grew at a 13% CAGR. (TransUnion CIBIL and SIDBI, MSME Pulse Special Edition, June 2025, March 2020 to March 2025)
• ₹26,43,448.95 crore was disbursed to MSMEs by scheduled commercial banks in 2024-25, up from ₹16,96,738.26 crore in 2022-23, RBI data shows. (Press Information Bureau, Ministry of MSME, Significant growth in credit disbursement to MSME sector by Scheduled Commercial Banks (Release ID 2240590), FY2024-25)
• ₹20 lakh is the new ceiling, from 1 April 2026, below which banks may not demand collateral on loans to micro and small enterprises, up from ₹10 lakh. (Press Information Bureau, Ministry of MSME, Significant growth in credit disbursement to MSME sector by Scheduled Commercial Banks (Release ID 2240590), From 1 April 2026)
• 1.41 crore credit guarantees worth ₹13.67 lakh crore have been approved cumulatively by CGTMSE for collateral-free loans to micro and small enterprises. (Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), CGTMSE homepage cumulative guarantee statistics, As on 31 March 2026)
• 29.03 lakh guarantees amounting to ₹3.77 lakh crore were approved under the CGTMSE scheme between January and November 2025. (Press Information Bureau, Ministry of MSME, Year End Review 2025: Ministry of Micro, Small & Medium Enterprises (Release ID 2209712), 1 Jan to 30 Nov 2025)
• ₹3.47 lakh crore of MSME invoices were discounted on TReDS platforms in FY2025-26, up from ₹40,000 crore in FY2021-22. (Press Information Bureau, Ministry of MSME, Faster Payments, Stronger MSME: Government mandates TReDS for settlement of all MSME invoices by CPSEs (Release ID 2283195), FY2025-26)
• 53.85 crore loan accounts worth ₹35.13 lakh crore had been sanctioned cumulatively under PM Mudra Yojana by June 2025, up from 29.55 crore accounts in 2020-21. (Department of Financial Services, Ministry of Finance, Data Snapshot of Department of Financial Services, Cumulative to June 2025)
• 27% of MSMEs name finance as their biggest obstacle, a World Bank 2025 assessment finding cited in the Economic Survey 2025-26. (Ministry of Finance, Government of India, Economic Survey 2025-26, Chapter 8: Industry's Next Leap, 2025)
• 47.5% of Indian firms used banks to finance investment in the World Bank's 2025 Enterprise Survey, down from 56.1% in 2022. (World Bank, Enterprise Surveys indicator: Firms using banks to finance investment (% of firms), India, 2025)
• ₹36.79 lakh crore of scheduled commercial bank credit was outstanding to MSMEs on 31 December 2025, after growing at a CAGR of about 15% over five years, the RBI Governor said. (Bank for International Settlements (central bankers' speeches), speech by the Reserve Bank of India Governor, Sanjay Malhotra: Remarks at the inauguration of MSME Day 2026 (speech, Governor of the Reserve Bank of India), 31 December 2025)
• $5.2 trillion is the estimated financing gap facing formal MSMEs in emerging markets and developing economies, the IFC says, with informal MSMEs adding $2.9 trillion. (International Finance Corporation (World Bank Group), MSME Finance, Latest IFC estimate)
• 6,26,962 PM Vishwakarma applications by artisans had received loan sanctions totalling about ₹5,380 crore, according to the scheme dashboard in October 2026. (Ministry of Micro, Small and Medium Enterprises, PM Vishwakarma scheme dashboard (key indicators), Oct 2026)
• 2,99,274 applications were received under Stand-Up India for SC/ST and women entrepreneurs, of which 2,75,291 were sanctioned before the scheme closed on 31 March 2025. (Small Industries Development Bank of India (SIDBI), Stand-Up India, Stand-Up India portal dashboard, Cumulative to 31 Mar 2025 (scheme closed))
• 463 lenders were onboarded on SIDBI's Udyami Mitra loan portal, connecting MSME borrowers to 1,61,357 bank branches, as of October 2026. (Small Industries Development Bank of India (SIDBI), Udyami Mitra portal, Oct 2026)
• ₹1,63,264 crore of MSME advances were on Bank of Baroda's books at June 2026 (excluding pool purchases), up 20.3% from ₹1,35,660 crore a year earlier. (Bank of Baroda, Bank of Baroda Q1 FY27 analyst presentation, Jun 2026)

MSME NPA and Loan Default Statistics

Asset quality is reported in two ways: gross NPA ratios from banks and rating agencies, and credit bureau delinquency rates for loans 90 or more days past due. Most measures improved after 2021, but delinquency on unsecured and small-ticket business loans rose.

• ₹95,238 crore of gross NPAs sat in scheduled commercial banks' micro and small enterprise loans at end-March 2025, down from ₹99,426 crore a year earlier. (Reserve Bank of India, Report on Trend and Progress of Banking in India 2024-25, Chapter IV: Commercial Banks, Mar 2025)
• 22.7% of all scheduled commercial bank gross NPAs came from micro and small enterprise loans at end-March 2025, up from 21.8% in 2024. (Reserve Bank of India, Report on Trend and Progress of Banking in India 2024-25, Chapter IV: Commercial Banks, Mar 2025)
• 3.6% was the gross NPA ratio of bank MSME loans on 31 March 2025, down from 8.7% on 31 March 2021, according to Crisil Ratings. (Crisil Ratings, Bank gross NPA to remain controlled at 2.3-2.5% by fiscal end, Mar 2025)
• 3.4-3.6% is Crisil Ratings' base-case forecast for MSME gross NPAs in FY2027, up from about 3.2% in FY2026, citing the West Asia conflict. (Crisil Ratings, Banks to keep gross NPAs under control at 2.0-2.2% by March 2027, FY2027 (forecast))
• 1.2% of small business credit was 91-180 days past due in June 2026, improved from 1.5% a year earlier, per CRIF High Mark. (CRIF High Mark, Small Business Spotlight Report, October 2026 (State in Focus: Rajasthan), Jun 2026)
• 1.8% of commercial credit balances were 90+ days past due at aggregate level in March 2026, per TransUnion CIBIL and SIDBI. (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, Mar 2026)
• 7.2% delinquency was recorded on unsecured business loans to enterprises in March 2026, up 274 basis points since March 2023. (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, Mar 2026)
• 5.6% delinquency was recorded for enterprises with ₹2-10 lakh credit exposure in March 2026, up 111 basis points since March 2023. (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, Mar 2026)
• 3.4% of MSME loan accounts opened in the quarter to March 2025 went 90+ days past due within 12 months, per TransUnion CIBIL and SIDBI. (TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026, Mar 2026)
• 2.93% was State Bank of India's SME gross NPA ratio in June 2026, down from 3.29% a year earlier, on ₹18,921 crore of SME NPAs. (State Bank of India, SBI Analyst Presentation Q1FY27, Jun 2026)
• 4.19% was Canara Bank's MSME gross NPA ratio in June 2026, with ₹7,079 crore of NPAs on ₹1,68,815 crore of MSME advances. (Canara Bank, Canara Bank Investors Presentation, June 2026 quarter, Jun 2026)
• 2.66% was the gross NPA ratio of SBFC Finance, a non-bank lender focused on secured MSME loans, for the quarter ended June 2026. (SBFC Finance Limited, SBFC Finance Investor Presentation, quarter ended 30 June 2026, Jun 2026)
• 1,55,309 claims worth ₹3,101 crore were settled by CGTMSE on defaulted guaranteed MSE loans in FY2025, up from 1,32,622 claims a year earlier. (Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE Annual Report 2024-25, FY2025)
• ₹9,903 crore of MSME loans were non-performing at Bank of Baroda in Q1 FY27, down from ₹10,619 crore a year earlier, with ₹1,298 crore of fresh MSME slippages. (Bank of Baroda, Bank of Baroda Q1 FY27 analyst presentation, Q1 FY27 (Jun 2026))

MSME Delayed Payment Statistics and Dispute Resolution

MSME Samadhaan is the government portal where micro and small enterprises file claims against buyers who pay late, and state Facilitation Councils hear the cases. The live portal figures were read on 18 October 2026.

• 2,56,892 delayed-payment applications have been filed by micro and small enterprises on the MSME Samadhaan portal since its launch in October 2017. (Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan: Delayed Payment Monitoring System (MSEFC dashboard), 18 Oct 2026)
• ₹55,244.26 crore is the total amount claimed as payable in all delayed-payment applications filed by micro and small enterprises on MSME Samadhaan. (Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan State Pending Report, 18 Oct 2026)
• 87,691 applications and cases worth ₹20,458.59 crore were still pending before Micro and Small Enterprises Facilitation Councils. (Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan State Pending Report, 18 Oct 2026)
• 63,200 cases have been disposed by MSE Facilitation Councils, while 44,795 cases are currently under consideration. (Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan: Delayed Payment Monitoring System (MSEFC dashboard), 18 Oct 2026)
• 58,235 applications claiming ₹11,312.90 crore have been filed from Maharashtra, the most of any state, followed by Delhi with 29,657. (Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan State Pending Report, 18 Oct 2026)
• 7,904 applications worth ₹5,979.77 crore have been filed against central public sector undertakings, and 13,111 worth ₹7,258.47 crore against state governments. (Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan All Category Amount Report, 18 Oct 2026)
• 1,32,058 applications worth ₹33,519.44 crore had been filed on MSME Samadhaan by 18 January 2023 (2023 data), about half today's count. (Ministry of Micro, Small and Medium Enterprises, Ministry of MSME Annual Report 2022-23, 18 Jan 2023)
• ₹8.1 lakh crore of delayed payments owed to MSMEs are hurting their working capital and growth, Finance Minister Nirmala Sitharaman said in May 2026. (News On AIR (Akashvani), FM Sitharaman calls for increased focus on fuel, fertiliser, forex amid ongoing West Asia crisis, May 2026)
• 45 days is the maximum time buyers have under the MSMED Act, 2006 to pay micro and small enterprises after accepting goods or services. (DD News (Prasar Bharati), Empowering India's grassroots economy: How MSMEs are driving growth across rural and semi-urban India, MSMED Act, 2006)
• 161 Micro and Small Enterprises Facilitation Councils have been established across states and Union Territories to hear delayed-payment disputes. (DD News (Prasar Bharati), Empowering India's grassroots economy: How MSMEs are driving growth across rural and semi-urban India, May 2026)
• 90 days is the new deadline to complete mediation of a delayed-payment dispute under the MSMED (Amendment) Bill 2026, which Parliament passed in August 2026. (PRS Legislative Research, The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, Aug 2026)
• 50% of an arbitral award must be paid to the supplier if a buyer's challenge stays pending more than six months, under the 2026 amendment. (PRS Legislative Research, The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026, Aug 2026)
• 800+ delayed-payment cases had been filed in Telangana through the MSME online dispute resolution (ODR) ecosystem by August 2026, with around 85 resolved. (KNN India (Knowledge & News Network), 65 delayed payment cases worth Rs 8.29 crore resolved at Telangana's Parishrama Adalat, Aug 2026)
• 195 days beyond the legal 45-day limit was the median debtor period for micro enterprises in 2021 (2021 data), per GAME's delayed-payments research. (Global Alliance for Mass Entrepreneurship (GAME), Delayed Payments: MSMEs' access to finance and timely payments, 2021)

Women-Owned MSME Statistics in India

Official data counts women-led enterprises on Udyam and women beneficiaries of schemes such as Mudra and PMEGP. Survey measures of ownership and management from MoSPI and the World Bank give a narrower picture.

• 3,07,42,621 women-led enterprises were registered on the Udyam Registration Portal and Udyam Assist Platform as of 28 February 2026. (Press Information Bureau, Ministry of MSME, PM Vishwakarma and MSME schemes support women artisans and entrepreneurs (Release ID 2236871, Rajya Sabha written reply), 28 February 2026)
• 12.5 lakh women-owned MSMEs were registered on Udyam and Udyam Assist through the Yashasvini awareness campaigns launched in June 2024. (Press Information Bureau, Ministry of MSME, Year End Review 2025: Ministry of Micro, Small & Medium Enterprises (Release ID 2209712), June 2024 to December 2025)
• 27.0% of proprietary unincorporated establishments were women-owned in 2025, up from 26.2% in 2023-24, MoSPI's ASUSE found. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025)
• More than 30% of total employment in India's unincorporated non-agricultural enterprises was held by women in April-June 2026. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Quarterly Bulletin of Unincorporated Sector Enterprises (QBUSE), April-June 2026, April-June 2026)
• 237 districts have women making up one-third of the unincorporated-sector workforce, and in 25 districts women are more than half. (National Statistics Office, Ministry of Statistics and Programme Implementation, Unincorporated Sector at the District Level: Insights from ASUSE 2025 (press note), 2025)
• 68% of all PM Mudra Yojana beneficiaries are women, the government said at the scheme's tenth anniversary. (Press Information Bureau, Ministry of Finance, A Decade of Growth with PM Mudra Yojana (backgrounder), April 2025)
• 2,05,399 Stand-Up India loan accounts had gone to women by 2024-25, out of 2,75,291 accounts sanctioned since the scheme began, DFS data show. (Department of Financial Services, Ministry of Finance, Data Snapshot of Department of Financial Services, Cumulative to FY2024-25)
• 90% credit guarantee cover is offered on loans to women-led micro and small enterprises, versus 75% in general, with a 10% fee concession. (Press Information Bureau, Ministry of MSME, PM Vishwakarma and MSME schemes support women artisans and entrepreneurs (Release ID 2236871, Rajya Sabha written reply), March 2026)
• Approximately 40% of PMEGP beneficiaries are women, who receive a higher margin-money subsidy of 35% against up to 25% for the non-special category. (Press Information Bureau, Ministry of MSME, PM Vishwakarma and MSME schemes support women artisans and entrepreneurs (Release ID 2236871, Rajya Sabha written reply), March 2026)
• 7.1% of Indian firms in the World Bank's 2025 Enterprise Survey had a woman among their owners, up from 3.9% in 2022 but below 10.7% in 2014. (World Bank, Enterprise Surveys indicator: Firms with female participation in ownership (% of firms), India, 2025)
• 3.8% of Indian firms surveyed by the World Bank in 2025 had a woman as top manager, down from 6.8% in 2022. (World Bank, Enterprise Surveys indicator: Firms with female top manager (% of firms), India, 2025)
• 34% of the MSME finance gap in emerging-market and developing economies belonged to women-owned businesses (2019 data), about US$1.9 trillion, the SME Finance Forum estimates. (SME Finance Forum (IFC and World Bank), MSME Finance Gap Report, 2019 data (report published March 2025))
• 1 of 5 economies where women outpaced men in starting businesses in GEM's 2025 survey was India, alongside Chile, El Salvador, Israel and Oman. (Global Entrepreneurship Monitor, GEM 2025/2026 Women's Entrepreneurship Report, 2025 survey)

State-Wise MSME Statistics: Top States by Registrations and Jobs

Registrations, jobs and credit are concentrated in a handful of states, with Maharashtra first on most measures. State figures come from ministry replies to Parliament, CGTMSE and credit bureau reports.

• 1,01,44,478 MSMEs were registered in Maharashtra on the Udyam portal as of April 2026, according to the Ministry of MSME. (Ministry of MSME, reply in Lok Sabha, Lok Sabha Starred Question No. 560: Contribution of MSMEs in Maharashtra, Apr 2026)
• 3,44,82,817 jobs were reported by Udyam-registered MSMEs in Maharashtra as of April 2026, per the Ministry of MSME. (Ministry of MSME, reply in Lok Sabha, Lok Sabha Starred Question No. 560: Contribution of MSMEs in Maharashtra, Apr 2026)
• 41,24,538 of Maharashtra's registered MSMEs were in trading, ahead of 39,31,560 in services and 20,88,380 in manufacturing, as of April 2026. (Ministry of MSME, reply in Lok Sabha, Lok Sabha Starred Question No. 560: Contribution of MSMEs in Maharashtra, Apr 2026)
• 1.61 crore jobs were recorded by 49.28 lakh Udyam-registered MSMEs in Madhya Pradesh on 28 March 2026, up from 1.16 crore jobs across 39.47 lakh a year earlier. (Ministry of MSME, reply in Lok Sabha, Lok Sabha Unstarred Question No. 6220: Credit Disbursement to MSMEs, Mar 2026)
• 10,93,788 enterprises in Pune district registered on the Udyam Registration Portal between July 2020 and 28 March 2026, the most of any district. (Ministry of MSME, reply in Lok Sabha, Lok Sabha Starred Question No. 547: Institutional Credit for Newly Registered MSMEs, Mar 2026)
• 13% of CGTMSE's FY2025 guarantee amount went to Maharashtra, the largest share of any state, at ₹39,989 crore. (Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE Annual Report 2024-25, FY2025)
• 4,03,938 credit guarantees were approved for micro and small enterprises in Uttar Pradesh in FY2025, the most of any state by number. (Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE Annual Report 2024-25, FY2025)
• 47% of India's consolidated MSME credit portfolio sat in five states (Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh and Delhi) in December 2025. (TransUnion CIBIL and SIDBI, MSME Pulse, December 2025, Dec 2025)
• 15.8% of MSME commercial credit outstanding was in Maharashtra in December 2025, ahead of Gujarat at 9.5% and Tamil Nadu at 9.3%. (TransUnion CIBIL and SIDBI, MSME Pulse, December 2025, Dec 2025)
• 72.2% of India's small business credit portfolio was concentrated in the top 10 states in June 2026, led by Maharashtra with 13.0%. (CRIF High Mark, Small Business Spotlight Report, October 2026 (State in Focus: Rajasthan), Jun 2026)
• 20.3% year-on-year growth in small business credit in Uttar Pradesh led state-wise growth in June 2026, per CRIF High Mark; Telangana grew 20.9% from a smaller base. (CRIF High Mark, Small Business Spotlight Report, October 2026 (State in Focus: Rajasthan), Jun 2026)
• 1,09,692 new MSME units were set up in Kerala in 2024-25, with investment of Rs 7,217.83 crore and 2,31,468 jobs created. (Kerala State Planning Board, Economic Review 2025, Volume I (Chapter 4: Micro, Small and Medium Enterprises), 2024-25)
• 31.19% of the 1,03,596 new enterprises started under Kerala's Year of Enterprises drive in 2023-24 were run by women entrepreneurs. (Directorate of Industries and Commerce, Government of Kerala, Year of Enterprises public dashboard, 2023-24)

MSME Digital Adoption, E-Commerce and Government Procurement Statistics

Under the Public Procurement Policy, 25% of annual central purchases must come from micro and small enterprises, and the MSME Sambandh portal tracks how much central public sector enterprises buy from them. This section also covers invoice discounting on TReDS, digital payments and online marketplaces.

• 47.1% of GeM's gross merchandise value in FY 2025-26 came from micro and small enterprises, which executed 68% of all orders, the GeM CEO said. (News On AIR (Akashvani), Buyers & sellers show confidence in transparent and technology-driven procurement ecosystem: CEO GeM, FY 2025-26)
• 11 lakh micro and small enterprises are registered on GeM and received over 51 lakh orders worth ₹2.36 lakh crore in FY 2025-26. (News On AIR (Akashvani), Buyers & sellers show confidence in transparent and technology-driven procurement ecosystem: CEO GeM, FY 2025-26)
• 2.1 lakh women-led MSEs are registered on GeM and received orders exceeding ₹28,000 crore in FY 2025-26, about 28% growth. (News On AIR (Akashvani), Buyers & sellers show confidence in transparent and technology-driven procurement ecosystem: CEO GeM, FY 2025-26)
• ₹5,02,611 crore of orders were placed on the Government e Marketplace in the last financial year, across 75,76,543 orders. (Government e Marketplace (GeM), GeM Statistics, FY 2025-26)
• 53.84% of central public sector procurement in FY 2026-27 to date, worth ₹58,054.56 crore, came from micro and small enterprises, benefiting 1,21,730 of them. (Ministry of Micro, Small and Medium Enterprises, MSME Sambandh: Procurement from CPSEs for FY 2026-27, FY 2026-27 to 18 Oct 2026)
• 25% of annual central purchases must come from micro and small enterprises under the Public Procurement Policy, including 4% from SC/ST-owned and 3% from women-owned MSEs. (Ministry of Micro, Small and Medium Enterprises, About Public Procurement Policy for Micro and Small Enterprises Order, 2012, Policy in force, 2026)
• 4.54% of central public sector procurement in FY 2026-27 to date, ₹4,895.12 crore, went to women-owned MSEs, benefiting 14,291 of them. (Ministry of Micro, Small and Medium Enterprises, MSME Sambandh: Procurement from CPSEs for FY 2026-27, FY 2026-27 to 18 Oct 2026)
• 168 central public sector enterprises had reported their FY 2026-27 procurement on the MSME Sambandh portal by 18 October 2026. (Ministry of Micro, Small and Medium Enterprises, MSME Sambandh: Procurement from CPSEs for FY 2026-27, FY 2026-27 to 18 Oct 2026)
• ₹7 lakh crore has already been unlocked for MSMEs through the Trade Receivables Discounting System (TReDS), per Budget 2026-27 coverage. (DD News (Prasar Bharati), Union Budget 2026-27 puts MSMEs at the core of India's global growth strategy, Cited Feb 2026)
• 5 TReDS platform operators were authorised by the Reserve Bank of India at end-March 2026, unchanged from end-March 2025. (Reserve Bank of India, RBI Annual Report 2025-26, Chapter IX: Payment and Settlement Systems and Information Technology, End-Mar 2026)
• ₹1,00,000 crore in annual invoice-discounting throughput was crossed by the M1xchange TReDS platform in FY 2025-26, with MSME users in over 2,500 locations. (Mynd Solutions (M1xchange TReDS), M1xchange crosses Rs 1 lakh crore annual throughput in 10 months, FY 2025-26)
• 1.57 Cr merchant storefronts used Paytm Soundbox or other payment device subscriptions at 30 June 2026, out of 5.0 crore registered merchants. (One 97 Communications Ltd (Paytm), Paytm Q1 FY2027 Complete Disclosures, 30 Jun 2026)
• 5 Crore merchants are covered by PhonePe's digital payments acceptance network, which plans to deploy over 50 lakh more payment devices in 12 months. (PhonePe, PhonePe announces big rural merchant expansion plans, Aug 2026)
• 8.8 million supplier storefronts were listed on B2B marketplace IndiaMART in Q1 FY27, up 5% year on year, with 218,000 paying suppliers. (IndiaMART InterMESH Ltd, IndiaMART InterMESH Q1 FY2026-27 results press release, Q1 FY27 (Jun 2026))
• 3x growth in India's e-retail seller base over the five years to 2025, with a sizable share of new sellers from Tier 2+ cities, per Bain & Company. (Bain & Company (with Flipkart), How India Shops Online 2026, 2020 to 2025)
• over 12 million small businesses have been brought into India's digital economy by Amazon, the company says, exceeding the 10 million it pledged in 2020 for 2025. (Amazon India, How Amazon is supporting India's Atmanirbhar Bharat vision: what we've achieved and what's next, 2025)

MSME Business Confidence, Challenges and Outlook 2026

Business confidence surveys, AI adoption studies and MoSPI's quarterly enterprise survey show where small businesses stand in 2026. Survey results reflect the firms sampled, so read them as a direction rather than a national total.

• 89.1 was the ASSOCHAM-Dun & Bradstreet small business confidence index for October-December 2025, up from 79.2 in the previous quarter. (Dun & Bradstreet India, Small business confidence rises amid global challenges (ASSOCHAM-Dun & Bradstreet press release), Oct-Dec 2025)
• 71% of small businesses surveyed by ASSOCHAM and Dun & Bradstreet expected higher net profits in October-December 2025. (Dun & Bradstreet India, Small business confidence rises amid global challenges (ASSOCHAM-Dun & Bradstreet press release), Oct-Dec 2025)
• 17% quarter-on-quarter fall in Indian small businesses' optimism about raising long-term funds was reported by Dun & Bradstreet in December 2025, for a quarter it labels Q4 FY25. (Dun & Bradstreet India, Indian businesses cautious on expansion amid margin and credit concerns (press release), Q4 FY25 (as labelled; released December 2025))
• 76% of MSME leaders surveyed by Dun & Bradstreet use AI in some form, yet only 5% have made it core to operations. (Dun & Bradstreet India, Deeper AI adoption could lift MSMEs' contribution to India's GDP to nearly 40% by 2030 (press release), August 2026)
• 60% of MSMEs operate at digital maturity Level 3 or below, according to Dun & Bradstreet's survey of 210 MSME leaders. (Dun & Bradstreet India, Deeper AI adoption could lift MSMEs' contribution to India's GDP to nearly 40% by 2030 (press release), August 2026)
• 17% of surveyed MSMEs have formal AI guardrails, even though 80% act on AI outputs, a governance gap flagged by Dun & Bradstreet. (Dun & Bradstreet India, Deeper AI adoption could lift MSMEs' contribution to India's GDP to nearly 40% by 2030 (press release), August 2026)
• 42.5% of unincorporated enterprises reported some form of registration in April-June 2026, over 7 percentage points higher than a year earlier. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Quarterly Bulletin of Unincorporated Sector Enterprises (QBUSE), April-June 2026, April-June 2026)
• About 80% of unincorporated establishments had adopted cashless modes of transaction such as UPI, online banking or POS devices by April-June 2026. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Quarterly Bulletin of Unincorporated Sector Enterprises (QBUSE), April-June 2026, April-June 2026)
• 39.4% of unincorporated establishments used the internet in 2025, up from 26.7% in 2023-24, MoSPI's ASUSE shows. (National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025, 2025)
• ₹10,000 crore SME Growth Fund was announced in Union Budget 2026-27 to provide equity capital to potential MSME Champions. (Small Industries Development Bank of India (SIDBI), Union Budget Analysis 2026, Union Budget 2026-27)
• 682 MSMEs had received ₹15,442 crore of equity under the ₹50,000 crore Self-Reliant India Fund as of 30 November 2025. (Ministry of Finance, Government of India, Economic Survey 2025-26, Chapter 8: Industry's Next Leap, 30 November 2025)
• 87.2% growth in SME IPO listings was recorded between 2022-23 and 2024-25, with total issue amount up 52.7% on the previous year. (Ministry of Finance, Government of India, Economic Survey 2025-26, Chapter 8: Industry's Next Leap, FY2023 to FY2025)
• about 1 in 8 Indian adults were starting or running a new business in 2025, a rate that has held steady for three years, per the Global Entrepreneurship Monitor. (Global Entrepreneurship Monitor, GEM economy profile: India, 2025)

What the credit numbers mean for MSME owners seeking a loan

Most registered MSMEs have never borrowed from a formal lender. The TransUnion CIBIL-SIDBI MSME Pulse found that 3.6 crore MSMEs had ever accessed formal credit by March 2026, against 8.7 crore registered as of December 2025, and puts credit penetration at 41% of Udyam registrations.

For those who do borrow, the terms are shifting. From 1 April 2026, banks may not ask for collateral on loans to micro and small enterprises below ₹20 lakh, up from ₹10 lakh. At the same time, delinquency on unsecured business loans reached 7.2% in March 2026, up 274 basis points since March 2023, and Crisil Ratings expects MSME gross NPAs to rise from about 3.2% in FY2026 to 3.4-3.6% in FY2027.

Before you sign, read the sanction letter and loan agreement against what you were told. Check whether the rate is fixed or floating, what the processing and prepayment charges are, whether collateral or a personal guarantee is asked for on a loan below the ₹20 lakh ceiling, and whether a single late EMI lets the lender recall the full loan.

What the delayed payment figures mean for suppliers and freelancers

Micro and small enterprises have filed 2,56,892 applications on the MSME Samadhaan portal, claiming ₹55,244.26 crore, and 87,691 cases worth ₹20,458.59 crore were still pending before Facilitation Councils on 18 October 2026. The Finance Minister put delayed payments owed to MSMEs at ₹8.1 lakh crore in May 2026.

The MSMED Act, 2006 gives buyers a maximum of 45 days to pay a micro or small supplier after accepting goods or services. The MSMED (Amendment) Bill 2026, passed in August 2026, sets a 90-day deadline to complete mediation, and if a buyer's challenge to an arbitral award stays pending more than six months, 50% of the award must be paid to the supplier. These protections apply to registered micro and small enterprises, so freelancers and small service firms should register on Udyam before they sign a supply contract.

A contract that says nothing about payment dates, or lets the buyer pay only after "final approval", weakens your position. Put a fixed due date of 45 days or less in the contract, define when work counts as accepted, and keep invoices and acceptance records. Invoice discounting is another option: ₹3.47 lakh crore of MSME invoices were discounted on TReDS platforms in FY2025-26.

What to check before signing a loan or supply contract

• Collateral and guarantees. Ask whether your loan falls below the ₹20 lakh collateral-free ceiling and whether a CGTMSE guarantee covers it. Women-led micro and small enterprises get 90% guarantee cover, against 75% in general.
• Default and recall clauses. Read what counts as a default, whether there is a cure period, and whether one missed payment makes the whole loan due at once.
• Payment terms in supply contracts. Check that payment falls due within 45 days of acceptance, that acceptance has its own deadline, and that the buyer cannot withhold or set off disputed amounts without notice.
• Dispute resolution. The MSMED Act lets a registered micro or small supplier take a delayed-payment claim to a Facilitation Council. Other disputes follow the contract's own clause, so check where any arbitration would be held and which courts have jurisdiction.

Sources and method

Every number on this page comes from the sources below, each opened and read on or before October 17, 2026. A second, independent review checked every figure against its source and corrected anything that did not match. Figures that could not be confirmed were left out.

1. Ministry of Micro, Small and Medium Enterprises, Udyam Registration Portal dashboard (Udyam + UAP overview) (Facts dated 18/10/2026)
2. Ministry of MSME, reply in Lok Sabha, Lok Sabha Starred Question No. 560: Contribution of MSMEs in Maharashtra (Answered 02.04.2026)
3. Ministry of MSME, reply in Lok Sabha, Lok Sabha Starred Question No. 547: Institutional Credit for Newly Registered MSMEs (Answered 02.04.2026)
4. Ministry of MSME, reply in Lok Sabha, Lok Sabha Unstarred Question No. 6220: Credit Disbursement to MSMEs (Answered 02.04.2026)
5. Press Information Bureau, Government of India, The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026: Reforms for a Growing MSME Sector (11 August 2026)
6. Press Information Bureau, Government of India, From Enterprise to Empowerment: The MSME Story (26 June 2026)
7. National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Annual Survey of Unincorporated Sector Enterprises (ASUSE) 2025 (March 2026)
8. National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Periodic Labour Force Survey Annual Report 2025 (January-December 2025) (March 2026)
9. Reserve Bank of India, Report on Trend and Progress of Banking in India 2024-25, Chapter IV: Commercial Banks (29 December 2025)
10. Crisil Ratings, Banks to keep gross NPAs under control at 2.0-2.2% by March 2027 (17 April 2026)
11. Crisil Ratings, Bank gross NPA to remain controlled at 2.3-2.5% by fiscal end (6 October 2025)
12. CRIF High Mark, Small Business Spotlight Report, October 2026 (State in Focus: Rajasthan) (October 2026 (June 2026 data))
13. TransUnion CIBIL and SIDBI, MSME Pulse Report, July 2026 (July 2026)
14. TransUnion CIBIL and SIDBI, MSME Pulse, December 2025 (December 2025 edition)
15. Credit Guarantee Fund Trust for Micro and Small Enterprises, CGTMSE Annual Report 2024-25 (2024-25 edition)
16. State Bank of India, SBI Analyst Presentation Q1FY27 (7 August 2026)
17. Canara Bank, Canara Bank Investors Presentation, June 2026 quarter (Quarter ended June 2026)
18. SBFC Finance Limited, SBFC Finance Investor Presentation, quarter ended 30 June 2026 (Quarter ended 30 June 2026)
19. Kerala State Planning Board, Economic Review 2025, Volume I (Chapter 4: Micro, Small and Medium Enterprises) (January 2026)
20. Directorate of Industries and Commerce, Government of Kerala, Year of Enterprises public dashboard (Reports of 2023-24)
21. Office of the Development Commissioner (MSME), Ministry of MSME, Udyam Registration Bulletin VII: Analysis of Udyam Registration Data (up to 30 September 2021) (13 October 2021)
22. DD News (Prasar Bharati), Union Budget 2026-27 puts MSMEs at the core of India's global growth strategy (15 February 2026)
23. DD News (Prasar Bharati), Empowering India's grassroots economy: How MSMEs are driving growth across rural and semi-urban India (14 May 2026)
24. News On AIR (Akashvani), Registered Enterprises on MSME Udyam Portal Jump from 1.65 Crores to 5.60 Crores (12 December 2024)
25. News On AIR (Akashvani), Over 2.77 Crore Enterprises Register on Udyam Portal (25 July 2024)
26. Press Information Bureau, Government of India, The MSME Revolution: Transforming India's Economic Landscape (23 December 2024)
27. DD News (Prasar Bharati), with IANS, MSME exports cross Rs 9.52 lakh crore in April-September FY26 (18 December 2025)
28. DD News (Prasar Bharati), with IANS, Centre rolls out two finance schemes to boost MSME exports (2 January 2026)
29. DD News (Prasar Bharati), Budget 2025-26: MSMEs to receive Rs 1.5 lakh crore in additional credit, new initiatives to benefit 5 lakh entrepreneurs (5 February 2025)
30. News On AIR (Akashvani), India's coir exports surged 305% to Rs 6,614 crore in last financial year (14 October 2026)
31. Indian Institute of Foreign Trade (Ojha, Siddiqui, Nag, Arora), Role of ECGC in Export Performance of Firms in the MSME Sector of India (Working Paper EC-24-67) (Working paper EC-24-67, posted December 2025)
32. Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan: Delayed Payment Monitoring System (MSEFC dashboard) (Live dashboard, accessed 18 Oct 2026)
33. Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan State Pending Report (Live report, accessed 18 Oct 2026)
34. Ministry of Micro, Small and Medium Enterprises, MSME Samadhaan All Category Amount Report (Date of report 18 October 2026)
35. Ministry of Micro, Small and Medium Enterprises, Ministry of MSME Annual Report 2022-23 (2023)
36. News On AIR (Akashvani), FM Sitharaman calls for increased focus on fuel, fertiliser, forex amid ongoing West Asia crisis (25 May 2026)
37. PRS Legislative Research, The Micro, Small and Medium Enterprises Development (Amendment) Bill, 2026 (Passed Lok Sabha 7 August 2026)
38. KNN India (Knowledge & News Network), 65 delayed payment cases worth Rs 8.29 crore resolved at Telangana's Parishrama Adalat (25 August 2026)
39. News On AIR (Akashvani), Buyers & sellers show confidence in transparent and technology-driven procurement ecosystem: CEO GeM (6 April 2026)
40. Government e Marketplace (GeM), GeM Statistics (Last updated 18 October 2026)
41. Ministry of Micro, Small and Medium Enterprises, MSME Sambandh: Procurement from CPSEs for FY 2026-27 (FY 2026-27 to date, printed 18 October 2026)
42. Ministry of Micro, Small and Medium Enterprises, About Public Procurement Policy for Micro and Small Enterprises Order, 2012 (Accessed 18 October 2026)
43. Reserve Bank of India, RBI Annual Report 2025-26, Chapter IX: Payment and Settlement Systems and Information Technology (29 May 2026)
44. Mynd Solutions (M1xchange TReDS), M1xchange crosses Rs 1 lakh crore annual throughput in 10 months (10 February 2026)
45. One 97 Communications Ltd (Paytm), Paytm Q1 FY2027 Complete Disclosures (Quarter ended 30 June 2026)
46. PhonePe, PhonePe announces big rural merchant expansion plans (24 September 2026)
47. Ministry of Finance, Government of India, Economic Survey 2025-26, Chapter 8: Industry's Next Leap (January 2026)
48. Dun & Bradstreet India, Dun & Bradstreet unveils 4th MSME Sampark Report showcasing India's MSME resilience (press release) (22 January 2026)
49. Dun & Bradstreet India, Deeper AI adoption could lift MSMEs' contribution to India's GDP to nearly 40% by 2030 (press release) (6 October 2026)
50. Dun & Bradstreet India, Small business confidence rises amid global challenges (ASSOCHAM-Dun & Bradstreet press release) (22 December 2025)
51. Dun & Bradstreet India, Indian businesses cautious on expansion amid margin and credit concerns (press release) (4 December 2025)
52. National Statistics Office, Ministry of Statistics and Programme Implementation, Press Note on Quarterly Bulletin of Unincorporated Sector Enterprises (QBUSE), April-June 2026 (21 August 2026)
53. National Statistics Office, Ministry of Statistics and Programme Implementation, Unincorporated Sector at the District Level: Insights from ASUSE 2025 (press note) (10 September 2026)
54. National Statistics Office, Ministry of Statistics and Programme Implementation, Annual Survey of Industries: Insights from ASI 2024-25 (press note) (30 September 2026)
55. World Bank, World Development Indicators: Manufacturing, value added (% of GDP), India (2025 data point)
56. Small Industries Development Bank of India (SIDBI), Union Budget Analysis 2026 (February 2026)
57. TransUnion CIBIL and SIDBI, MSME Pulse Special Edition, June 2025 (June 2025)
58. Press Information Bureau, Ministry of MSME, Significant growth in credit disbursement to MSME sector by Scheduled Commercial Banks (Release ID 2240590) (16 March 2026)
59. Press Information Bureau, Ministry of MSME, Year End Review 2025: Ministry of Micro, Small & Medium Enterprises (Release ID 2209712) (30 December 2025)
60. Press Information Bureau, Ministry of MSME, Faster Payments, Stronger MSME: Government mandates TReDS for settlement of all MSME invoices by CPSEs (Release ID 2283195) (10 July 2026)
61. Press Information Bureau, Ministry of MSME, PM Vishwakarma and MSME schemes support women artisans and entrepreneurs (Release ID 2236871, Rajya Sabha written reply) (9 March 2026)
62. Press Information Bureau, Ministry of Finance, A Decade of Growth with PM Mudra Yojana (backgrounder) (April 2025)
63. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), CGTMSE homepage cumulative guarantee statistics (Data as on 31 March 2026)
64. Department of Financial Services, Ministry of Finance, Data Snapshot of Department of Financial Services (December 2025 (Mudra data to June 2025))
65. World Bank, Enterprise Surveys indicator: Firms using banks to finance investment (% of firms), India (2025 survey)
66. World Bank, Enterprise Surveys indicator: Firms with female participation in ownership (% of firms), India (2025 survey)
67. World Bank, Enterprise Surveys indicator: Firms with female top manager (% of firms), India (2025 survey)
68. International Finance Corporation (World Bank Group), MSME Finance (Accessed October 2026)
69. SME Finance Forum (IFC and World Bank), MSME Finance Gap Report (3 March 2025)
70. Global Entrepreneurship Monitor, GEM 2025/2026 Women's Entrepreneurship Report (2026 (GEM 2025 Adult Population Survey))
71. Bank for International Settlements (central bankers' speeches), speech by the Reserve Bank of India Governor, Sanjay Malhotra: Remarks at the inauguration of MSME Day 2026 (speech, Governor of the Reserve Bank of India) (30 June 2026)
72. Ministry of Micro, Small and Medium Enterprises, PM Vishwakarma scheme dashboard (key indicators) (Live dashboard, read 18 Oct 2026)
73. Small Industries Development Bank of India (SIDBI), Stand-Up India, Stand-Up India portal dashboard (Live dashboard, read 18 Oct 2026)
74. Small Industries Development Bank of India (SIDBI), Udyami Mitra portal (Live dashboard, read 18 Oct 2026)
75. Bank of Baroda, Bank of Baroda Q1 FY27 analyst presentation (July 2026)
76. Global Alliance for Mass Entrepreneurship (GAME), Delayed Payments: MSMEs' access to finance and timely payments (Reports 1.0 to 3.0, 2022 to 2025)
77. United Nations, Micro-, Small and Medium-sized Enterprises Day (2026)
78. IndiaMART InterMESH Ltd, IndiaMART InterMESH Q1 FY2026-27 results press release (21 July 2026)
79. Bain & Company (with Flipkart), How India Shops Online 2026 (2026)
80. Amazon India, How Amazon is supporting India's Atmanirbhar Bharat vision: what we've achieved and what's next (2025 (five-year review of 2020 pledges))
81. Global Entrepreneurship Monitor, GEM economy profile: India (2025 survey data)