Most companies registered in India in FY22, Maharashtra leads

The Ministry of Corporate Affairs said on Monday that in the financial year 2021-22, a total of 1.67 lakh companies ,Companies, Registered, which is the highest in a financial year. This number has increased by eight percent compared to FY 2021. According to the data shared by the ministry, in the financial year 2021, 1.55 lakh companies (New Companies) had begun. The statement further said that 1.24 lakh and 1.22 lakh companies were started in FY 2019 and FY 2020 respectively. Maharashtra in the financial year ending March 31 (Maharashtra) Maximum 31,107 companies registered in (Registration) Have done. After this, 16,969 companies have been registered in Uttar Pradesh, 16,323 in Delhi, 13,403 in Karnataka and 11,020 in Tamil Nadu.

The statement further said that if we look at the sector, the largest number of companies are made in business services (44,168 companies). It is followed by manufacturing (34,640 companies), community, personal and social services (23,416) and agriculture and allied activities (13,387).

Government gave reasons for changes regarding Ease of Doing Business

The ministry has attributed the recent changes in the Ease of Doing Business (EoDB) to the increase in the number of new companies being formed. The Ministry of Corporate Affairs is continuously working to change the regulatory environment and has taken several steps in the recent times to improve the ease of doing business, the statement said. The statement further said that these steps include changing the definition of small companies, which has reduced compliance pressure on about two lakh companies.

Apart from this, let us tell you that in order to boost manufacturing in India and cut down on import bills, the central government started a PLI (Production Linked Incentive) scheme in March 2020. Its purpose is to give money to companies on the increase in sales of domestically made products. 13 sectors have been selected for the PLI scheme in the country. Under this, the government will spend Rs 1.97 lakh crore to the manufacturing companies in the country. Apart from inviting foreign companies to India, the scheme also aims to encourage local companies to set up or expand existing manufacturing units.