New Delhi, July 7 (IANS) The use of internet for entrepreneurial purposes such as taking and placing orders online, carrying out transactions online or using UPIs by unincorporated enterprises has increased to 13.5 per cent from 7.7 in rural and to 30.2 per cent from 21.6 in urban sector during 2022-23, according to the latest survey released by the Ministry of Statistics.
This shows an improved use of IT and digital platforms and indicates a fast rate of digitisation in the sector, the annual survey of the unincorporated sector enterprises says.
According to the survey, the unincorporated sector has witnessed growth in the estimated number of establishments by 5.88 per cent, in the estimated number of workers by 7.84 per cent and in gross value added by 9.83 per cent.
The sector has also demonstrated enhanced capital investment, greater accessibility to loans, and increased utilisation of information technology.
“Fixed assets owned by an unincorporated non-agricultural establishment, on average, have risen from Rs 2.81 lakh in 2021-22 to Rs 3.18 lakh in 2022-23 showing an improved capital investment in the sector. At the same time, outstanding loan per establishment has increased from Rs 37,408 in 2021-22 to Rs 50,138 in 2022-23, indicating an improvement in the availability of loans in this sector,” the report noted.
The survey also points out that about 54 per cent of the proprietary establishments in the manufacturing sector were run by women entrepreneurs.
This reflects the success of the government schemes aimed at empowering women.
–IANS
sps/khz
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
