MSMEs are fostering the Indian Economy proficiency
दुर्लभान्यपि कार्याणि सिद्यन्ति प्रोद्यमेन हि। शिलापि तनुतां याति प्रपातेनार्णसो मुहुः॥ The Impossible things can be accomplished with efforts. Like a hard rock gets thinner with repeated fall of water. MSME stands for Micro, Small, and Medium Enterprises. It was introduced by the Government of India in agreement with the MSMED (Micro, Small, and Medium Enterprises Development) Act of 2006. As per this act, MSMEs are the enterprises involved in the processing, production, and preservation of goods and commodities. Investment limit for Micro Enterprises: Less than 1 crore INR Investment limit for Small Enterprises: 1-10 crore INR Investment limit for Medium Enterprises: 10-50 crore INR The turn-over limit for Micro Enterprises: Less than 5 crore INR The turn-over limit for Small Enterprises: 1-25 crore INR The turn-over limit for Medium Enterprises: 25-250 crore INR. Past developmental experience shows that MSMEs have protected our country from various shocks and adversities. How MSMEs ...