India File Kar Raha Hai
The Twelfth Plan has listed the following as the objectives for the MSME sector Promoting competitiveness and productivity in the MSME space. Making the MSME sector innovative, improving technology and depth. Enabling environment for promotion and development of MSMEs. Strong presence in exports. Improved managerial processes in MSMEs. Evolution and Performance of the MSME Sector […]
WHAT IS THE IMPORTANCE AND ROLE OF MSME IN THE INDIAN ECONOMY? To generate large scale employment In India, capital is scarce and labour copious. MSMEs are thought to have lower capital-output and capital-labour ratios than large-scale industries, and therefore, better serve growth and employment . The MSME sector in India has grown radically since […]
ISSUES AND CHALLENGES IN MSME Despite the pivotal role and strategic importance in the context of industrial development and economic growth of the country, the MSME sector experiences several constraints and challenges. Several key issues remain to be addressed properly and measures yet to be taken in the interest of sustainable industrial development. The Committee […]
WHAT’S MICRO SAMLL & MEDIUM ENTERPRISES? Micro, Small and Medium Enterprises constitute the backbone of an economy in maintaining an appreciable growth rate and in generating employment opportunities. This sector has been regarded as engine of economic growth and social development in many developed and developing countries. Contribution of MSME to the Indian economy in […]
The Micro, Small and Medium Enterprises growth (Amendment) Bill provides for change in the standard of classification of MSMEs from the existing based on ‘investment in plant and machinery or equipment’ to ‘annual turnover‘ of the enterprise. The Micro, Small and Medium Enterprises Amendment) Bill, was introduced by the Minister of State for Micro, Small and Medium […]
