Context:
Annual Survey of Unincorporated Sector Enterprises (ASUSE) Results for 2021-22 and 2022-23 released by NSSO.
Key highlights of Survey (2022-23):
- Highest number of establishments – Uttar Pradesh, West Bengal and Maharashtra.
- Establishments in the sector grew by 5.88%, out of which about 55% belong to rural areas.
- Gross Value Added (GVA) showed an increase from 2021-22.
- Women entrepreneur led 54% of proprietary establishments in the Manufacturing sector.
- Rapid rate of digitization with a significant increase in use of internet for entrepreneurial purpose.
- Improvement in credit availability showcased by increase in outstanding loan per establishment
Unincorporated Enterprise:
- A producer unit which is not incorporated as a legal entity separate from the owner.
- Fixed and other assets used in unincorporated enterprises do not belong to the enterprises but to their owners.
- Enterprises as such cannot engage in transactions or contractual relationships with other economic units nor incur liabilities on their own behalf.
- Significance –
- Pivotal contribution to GDP and employment generation (11 crore workers employed in 2022-23).
- Integral part of supply chain as they support incorporated sector by acting as suppliers and service providers.
Source: The Indian Express
Previous Year Question
Why is the Government of India disinvesting its equity in the Central Public Sector Enterprises (CPSEs)?
1. The Government intends to use the revenue earned from the disinvestment mainly to pay back the external debt.
2. The Government no longer intends to retain the management control of the CPSEs.
Which of the statements given above is/ are correct?
[UPSC Civil Services Exam – 2011 Prelims]
(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
Answer: (d)
