MSME Full Form

By | February 19, 2020
MSME Full Form

MSME Full Form: Ministry of Micro, Small and Medium Enterprises

MSME stands for Micro, Small and Medium Enterprises. It is one of the ministry departments of the Indian Government which deal with the rules, regulations and admiration power related to the micro, small and medium enterprises of India.

Vamware

History

In October 1999 Government of India created a new ministry named Ministry of Small Scale Industries and Argo and Rural Industries, and in 2001 this ministry was divided into two separate ministries, Ministry of Small Scale Industries and the Ministry of Agro and Rural Industries. In 2007 with rapid growth in Small and medium industries in 2007 the president of India made some amendments in the rules and merged these two ministries into one and named it the Ministry of Micro, Small and Medium Enterprises.

Goal of MSME

The main goal of MSME to promote the micro, small, and medium industries of India from rural to urban areas, so more and more employment could be generated.

Services Provided by MSME

  • Provide facilities for testing, toolmenting, training for entrepreneurship development.
  • Provide consultancy for technical and managerial.
  • Provide projects and product profiles.
  • Assistance for export.
  • Provides audits for Pollution and energy.

Types of Enterprises

Enterprises are divided into two sub-categories which are:

  • Manufacturing Enterprises
  • Service Enterprises

Manufacturing Enterprises Criteria

Enterprise Type Investment Range
Micro Up to 25 lakhs
Small 25 lakhs to 5 crores
Medium 5 crores to 10 crores

Service Enterprises Criteria

Enterprise Type Investment Range
Micro Upto 10 lakhs
Small 10 lakhs to 2 crores
Medium 2 crores to 5 crores

MSME Ministries

Minister Names Period
Dinsha Patel 28 May 2009 – 18 Jan 2011
Virbhadra Singh 19 Jan 2011 – 26 June 2012
Vilasrao Deshmukh 26 June 2012 – 14 August 2012

 

Vayalar Ravi 14 August 2012 – 28 October 2012
K. H. Muniyappa 28 October 2012 – 26 May 2014
Kalraj Mishra 27 May 2014 – 31 August 2016

 

Giriraj Singh 9 November 2016 – 30 May 2019
Nitin Gadkari Current

Summary

MSME Ministry of Micro, Small and Medium Enterprises
Founded 2007
Jurisdiction Republic of India
Headquarter New Delhi, India
Website msme.gov.in

You Maybe Also Interested In:

Leave a Reply

Your email address will not be published. Required fields are marked *