Introduction

The Micro, Small and Medium Enterprises (MSME) sector has popped-up as a high-yielding, vibrant, productive and the most dynamic sector of the Indian economy. These enterprises play a crucial role in providing ample employment opportunities, helping in industrialization of rural & backward areas, reducing the regional imbalances and assuring that there is an equitable distribution of the national income and wealth. They are complementary to the large industries as an ancillary unit and they contribute an enormous amount to the socio-economic development of the Indian economy. Though at times, they do need assistance and aid from the Government’s side as they are not well-equipped with the technology and resources. Therefore, the Government divises schemes, incentives, plans and rebates to this sector of the economy.
 
Classification of the enterprises into Micro, Small and Medium Enterprises (MSMEs) ?
The MSME Development Act, 2006 classifies the MSMEs into-
(a) Manufacturing Enterprises, and
(b) Service Enterprises.
 

Basis	Micro	Small	Medium
Investment	Upto Rs. 1 crore	Between Rs. 1 crore and Rs. 10 crores	Between Rs. 10 crores and Rs. 50 crores
Turnover	Upto Rs. 5 crores	Between Rs. 5 crores and Rs. 50 crores	Between Rs. 50 crores and Rs. 250 crores

 

Benefits of Getting Registered Under MSME Act, 2006

• Credit Guarantee Fund Trust for the Micro and Small Enterprises (CGTMSE) - Collateral free loans up to a limit of Rs. 200 lacs.
• Credit Linked Capital Subsidy Scheme for Technology Upgradation – This scheme aims at the facilitation of technology up-gradation by granting 15% up-front capital subsidy to the MSMEs.
• ISO 9000/ISO 14001 Certification Reimbursement Scheme – This scheme envisages the reimbursement of the charges of acquiring ISO9000/ISO-14001/HACCP certifications upto 75% of the expenditure subject to a maximum amount of Rs. 75,000 in each of the case.
• Micro Finance Programme.
• MSME Market Development Assistance (MDA).

 
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