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The Ministry of Micro, Small and Medium Enterprises Development (Amendment) Bill, 2015 are to:
As per Micro, Small and Medium Enterprises Development (Amendment) Bill, 2015, the investment limit prescribed for Micro, Small and Medium Enterprises (MSMEs) in the country, is proposed as under:
Manufacturing enterprises:
Service enterprises:
As provided under Section 7(9) of the MSMED Act, 2006, the Government, while classifying any class or classes of enterprises under sub-section 7(1) of this Act, may adopt any criteria e.g. investment, employment or turnover of the enterprises and include in such classification the micro or tiny enterprises or the village enterprises, as part of small enterprises.
MSMEs in India
THE Micro, Small and Medium Enterprises (MSMEs) play a pivotal role in the economic and social development of India. The MSME sector contributes in the manufacturing output, employment and exports. It plays a key role in the development of the economy with their effective, efficient, flexible and innovative entrepreneurial spirit. MSME sector has emerged as a dynamic and vibrant sector of the economy. It is expected that Indian economy will grow by over 8% per annum until 2020
Achievements:
Hurdles:
Opportunities:
Dialing…..mains(General Study paper 3: Economic growth and development; changes in industrial policy and their effects on industrial growth.)
By: Vishal ProfileResourcesReport error
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