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Press Information Bureau
Government of India
Ministry of Micro,Small & Medium Enterprises
10-December-2010 16:54 IST
Uniform Laws for SSI Sector
RAJYA SABHA

 

          The consistently rising growth rate of micro and small enterprises (MSE) sector and its higher performance as compared with growth rate of the industrial sector (as a whole) is testimony to the fact that the existing legal framework is suitable and conducive to the growth of MSE sector in the country.  The details of growth rate for the MSE sector and the industry sector (as a whole) are as under:

 

Year

MSE Sector (%)

Industrial Sector

(as a whole) (%)

2005-06

12.4

8.2

2006-07

12.6

11.5

2007-08

13.0

8.5

 

          As per the information received from the States, no State has a separate law governing the operation of the SSI (MSE) sector specifically.  The Central Government has promulgated the Micro, Small & Medium Enterprises Development (MSMED) Act, 2006, which is enforceable uniformly in the whole country. 

 

This information was given by the Minister of State (Independent Charge) for Micro, Small and Medium Enterprises, Shri Dinsha Patel in a written reply to a question in the Rajya Sabha today.

 

 

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