MSME Full Form

Posted in /  

MSME Full Form

Vinay Khatri
Last updated on July 30, 2022

    MSME full form is Micro, Small and Medium Enterprises. M/o MSME full form is Ministry of Micro, Small and Medium Enterprises.

    It is one of the departments of the Indian Government that deal with the rules, regulations, and administration related to the micro, small and medium enterprises in India.

    History of MSME

    In October 1999, the Government of India created a new ministry named Ministry of Small Scale Industries & Agro 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, 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 is to promote the micro, small, and medium industries of India from rural to urban areas so that more and more employment can be generated.

    Services Provided by MSME

    • Facilities for testing, toolmenting, and training for entrepreneurship development.
    • Consultancy for technical and managerial requirements.
    • Assistance for export.
    • Projects and product profiles.
    • Audits for pollution and energy consumption.

    Types of Enterprises

    Enterprises are divided into two sub-categories:

    1. Manufacturing Enterprises
    2. 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 Up to 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

    People are also reading:

    Leave a Comment on this Post

    0 Comments