Revision of Definition of MSME
The micro, small and medium enterprises ( MSMEs) are defined under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. Several suggestions for the amendment to the Act have been received from various Associations.
The Government helps and facilitates promotion and development of MSMEs through implementation of various Schemes/Programmes relating to credit, infrastructure development, technology upgradation, marketing, entrepreneurial/skill development, etc. Review of these schemes and introduction of new schemes and programmes as per felt needs is a continuous process.
This information was given by the Union Minister for Micro, Small and Medium Enterprises, Shri Vayalar Ravi in a written reply to a question in the in the Rajya Sabha today.
*****
RTS/HSN