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प्रश्न
What is the definition of MSME?
उत्तर
In accordance with the provisions of the Micro, Small, and Medium Enterprises Development Act 2006, the micro, small and medium enterprises are classified into two classes. Entrepreneurship is the key to the economic development of any country By empowering entrepreneurs, the MSME sector provides more employment opportunities to the people of India. It helps towards the industrialization of rural and backward areas. This sector reduces regional imbalances. It provides an equitable distribution of national income and wealth.
A. Manufacturing Enterprises:
They refer to the enterprises engaged in the manufacturing or production of goods pertaining to any industry specified in the first schedule to the Industries (Development and Regulation) Act, 1951. The manufacturing enterprises are defined in terms of investment in plants and machinery.
B. Service Enterprises:
They refer to the enterprises engaged in providing or rendering services.
