📰 News ⏱ 2 min

New Plan Helps Count All the Shops! 📊

The small business department and the statistics department signed a big agreement.

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Key Points

4 points

Ministry of Micro, Small and Medium Enterprises and Ministry of Statistics signed a Memorandum of Understanding.

They will share data from the Udyam Registration system.

The sharing will use Application Programming Interfaces.

Goal is to improve the National Statistical Business Register.

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They will share information about many shops using a special computer link 📡.

This will help make a big list of all the businesses in the country.

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8 words

Micro, Small and Medium Enterprises

Small, medium‑size, and very small companies.

Statistical Business Register

A big list that records details about all the businesses.

Memorandum of Understanding

A written agreement between two groups to work together.

Application Programming Interface

A set of rules that lets computers share information easily.

National Statistical Business Register

The country‑wide list of business information used for statistics.

economic units

Places where business work happens, like shops or factories.

business demography

Information about how many businesses exist and what types they are.

integration

Putting different pieces of information together in one place.

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