The number of Micro, Small and Medium Enterprises in Telangana have almost reached 3 lakhs. According to the Statistics Department of the state, 2,92,974 companies have registered in the Udayam portal.
Out of the 1.36 crore MSMEs registered in the country, around 3 lakh companies belong to Telangana. In turn, these MSMEs belonging to the manufacturing and services sectors have created employment for 39,51,941 people in the state.
Through programmes such as T-PRIDE and T-IDEA, Telangana government is encouraging aspiring entrepreneurs. In addition to developing infrastructure, the government is also providing incentives to entrepreneurs. Not just direct financial support, the government is also helping them in raising loans in coordination with the bankers.