1 week ago
India Ministries Sign Udyam Data Pact to Strengthen Business Statistics
Two Indian ministries have agreed to share information about registered small businesses.
The agreement is between the Ministry of Micro, Small and Medium Enterprises and the Ministry of Statistics and Programme Implementation.
The MSME Ministry will send Udyam Registration information to the statistics ministry using computer connections called APIs.
The system will allow information to be shared in both directions.
The data will help create a National Statistical Business Register.
This register is a regularly updated list of businesses and other economic units.
It can help officials plan surveys and understand changes in businesses.
The agreement is meant to make business statistics more complete and reliable.
The MSME Ministry and MoSPI signed a Memorandum of Understanding to share data.
The MSME Ministry will provide unit-wise Udyam Registration data to MoSPI through APIs.
The two-way API mechanism will support preparation of the National Statistical Business Register.
The data-sharing framework is intended to improve the coverage, consistency and reliability of business information.
The Statistical Business Register supports economic surveys, sample selection and business demography statistics.
- Who
- The Ministry of Micro, Small and Medium Enterprises and the Ministry of Statistics and Programme Implementation.
- What
- The ministries signed an MoU to share unit-wise Udyam Registration data through APIs and strengthen the Statistical Business Register.
- Where
- New Delhi, India.
- When
- The agreement was announced on Tuesday; no specific date was provided.
- Why
- To improve the coverage, consistency and reliability of business information and strengthen India’s statistical infrastructure.
Key facts
- Participating ministries
- Ministry of Micro, Small and Medium Enterprises; Ministry of Statistics and Programme Implementation
- Agreement
- Memorandum of Understanding
- Data shared
- Unit-wise Udyam Registration data
- Sharing method
- Application programming interfaces, or APIs
- Main statistical goal
- Support preparation of the National Statistical Business Register
- Expected benefits
- Improved coverage, consistency and reliability of business information
- Signatories
- Dr Rajneesh and Dr Dalip Singh
Quotes
The Government of India
The government entity describing the purpose and scope of the Statistical Business Register
“The Statistical Business Register (SBR) is a central and regularly updated database of registered statistical units engaged in economic activities within a defined geographical territory.”
thehansindia.com
Sources
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