MSMEs- A Game Changer
The Ministry of Micro, Small and Medium Enterprises (MSME), is a branch of the Indian Government. It is the apex executive body which is responsible for the formulation and administration of laws, rules and regulations for proper governance of MSMEs in India.
Definitions of Micro, Small & Medium Enterprises comes under the provision of Micro, Small & Medium Enterprises Development (MSMED) Act, 2006 they are classified in two Classes:
1. Manufacturing Enterprises- The enterprises which are engaged in the manufacture or production of goods dedicated to any industry. Which is specified in the first schedule to the Industries (Development and Regulation) Act, 1951) or setting up a plant or machinery in the process of adding value to the final product- which will have a dist...