ForumIASOct 28, 2021Micro, Small and Medium Enterprises in India: An AnalysisWhat are Micro, Small and Medium Enterprises?According to Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, there are two categories of MSMEs in the country – manufacturing and services.For the manufacturing sector, the definition of an MSME is based on a company’s capital investment in plant and machinery.For the services sector, the definition of an MSME is based on a company’s investments in equipment.Read more at ForumIAS
What are Micro, Small and Medium Enterprises?According to Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, there are two categories of MSMEs in the country – manufacturing and services.For the manufacturing sector, the definition of an MSME is based on a company’s capital investment in plant and machinery.For the services sector, the definition of an MSME is based on a company’s investments in equipment.Read more at ForumIAS
