Nandeeswariah, K.Ramana, A. V.Turkish Online Journal of Qualitative Inquiry
The MSMED Act seeks to facilitate the development of MSME enterprises and also enhance their competitiveness. It provides the first-ever legal framework for recognition of the concept of “enterprise,” which comprises both manufacturing and service entities. It defines medium enterprises for the...
MSME (Micro,Small and Medium Enterprises ) sector accounts for 45% of industrial production and 30.5% of service sector.The MSME technology sector provided for at least 10 components that were used in Mangalyaan (Mars Mission).
It is governed by the MSMED Act 2006 in India under the Ministry of Micro, Small, and Medium Enterprises Micro Enterprises : It is an enterprise whose investment is < INR 1 crore and yearly turnover are < INR 5 crores. Small Enterprises : It is an enterprise whose investment is < INR...