MSME Full Form

By | December 21, 2021
MSME Full Form

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

Vamware

 

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

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Author: Vinay

I am a Full Stack Developer with a Bachelor's Degree in Computer Science, who also loves to write technical articles that can help fellow developers.

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