Dimapur, March 10 -- Nagaland Chief Minister Neiphiu Rio today said as of March 9, a total of 48,655 enterprises have been registered on the Udyam portal in the state.

Of these, 48,464 are micro enterprises, most of which fall under nano enterprises with a turnover below Rs 25 lakh, while 175 are small enterprises and 16 are medium enterprises, he said.

During the discussion on the critical role of MSMEs in improving Nagaland's economy on the fourth day of the 8th session of the 14th Nagaland Assembly in Kohima, Rio highlighted the steady expansion of the MSME sector and the various initiatives undertaken by the government to promote enterprise development in the state.

He said under the chief minister's micro finance initiative (CMMFI),...