MSME Ministry, MoSPI Sign MoU to Strengthen Statistical Business Register
The Ministry of Micro, Small and Medium Enterprises (MSME) and the Ministry of Statistics and Programme Implementation (MoSPI) have signed a Memorandum of Understanding (MoU) to strengthen the...
The Ministry of Micro, Small and Medium Enterprises (MSME) and the Ministry of Statistics and Programme Implementation (MoSPI) have signed a Memorandum of Understanding (MoU) to strengthen the Statistical Business Register (SBR), the MSME Ministry said in a statement on Tuesday.
The MoU establishes a framework for sharing unit-level data from the Udyam Registration ecosystem of the Ministry of MSME with MoSPI through Application Programming Interfaces (APIs).
According to the ministry, the two-way API mechanism will facilitate the sharing of relevant data for the preparation and strengthening of the National Statistical Business Register (NSBR).
“The Memorandum of Understanding (MoU) has been exchanged between the Ministry of Micro, Small and Medium Enterprises and the Ministry of Statistics and Programme Implementation (MoSPI), to institutionalise a mechanism for sharing relevant data for the development and strengthening of the Statistical Business Register (SBR),” the ministry said.
The MoU will provide a structured framework for sharing relevant information from the Udyam Registration ecosystem with MoSPI. The data is expected to contribute to improving the coverage, consistency and reliability of business information used for statistical purposes.
The Statistical Business Register is a centralised and regularly updated database of registered businesses, enterprises, establishments and other economic units operating within a defined geographical area.
It records key characteristics of these economic units and the relationships between them, providing a common framework for compiling business-related information.
The SBR is an important component of the economic statistics system. It helps improve the coverage, consistency and reliability of business data, identify target populations and select samples for economic surveys, support the compilation of business demography statistics, and facilitate better integration of data from different sources.
The MoU was signed by Rajneesh, Additional Secretary and Development Commissioner, Ministry of MSME, and Dalip Singh, Additional Director General, MoSPI.
-ANI
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