MSME data to power National Business Register

New Delhi: The ministry of micro, small and medium enterprises (MSME) and the statistics ministry signed a memorandum of understanding (MoU) on Tuesday to share unit-level Udyam Registration data available with the MSME department. The data will support the development of the National Statistical Business Register (SBR).

The SBR will serve as a comprehensive database of business establishments across the country. Under the MoU, the two ministries will develop a structured format for sharing information from the MSME ministry's enterprise registration system with the ministry of statistics and programme implementation (MoSPI).

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"This information will contribute to improving the comprehensiveness, uniformity, and reliability of business information used for statistical purposes," said the MSME ministry in a statement.