MSME FULL FORM

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

What is the full form of MSME

No:1. MSME stands for Ministry of Micro, Small and Medium Enterprises.
No:2. It is a branch of Govt. of India that deals with the formulation and administration of rules, regulations, and laws related to micro, small and medium enterprises in India.

Vision:

Sustainable development of globally competitive micro, small, and medium enterprises as the major contributors to the Indian economy.

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Mission:

To promote the development of micro, small and medium enterprises, including khadi, village and coir industries to create new enterprises and generate more employment

Long Term Goal:

To promote manufacturing base in the country by improving the performance of MSME through skill and entrepreneurship development.

Functions:

No:1. Assistance and credit flow to MSMEs
No:2. Make MSME competitive
No:3. Improve manufacturing base through latest technology
No:4. Promote MSMEs through cluster bases approach
No:5. Marketing support to MSMEs
No:6. Skill development and entrepreneurship development training
No:7. Set up new microenterprises through the Prime Minister’s Employment Generation Program (PMEGP)
No:8. To promote Khadi and Village Industries (KVI) sector and Coir Industry

Criteria for Manufacturing Enterprises:

No:1. The Manufacturing Enterprises, where investment in the plant and machinery doesn’t exceed Rupees 25 lakh, are termed as Micro Enterprises.
No:2. The Manufacturing Enterprises, where investment in the plant and machinery is more than Rs. 25 lakhs but less than Rs. 5 crore Rupees, ( 25 lakh to 5 crores ) are termed as Small Enterprises.
No:3. The Manufacturing Enterprises, where investment in the plant and machinery ranges from Rs. 5 crores to Rs. 10 crores are specified as Medium Enterprises.

Criteria for Service Enterprises:

No:1. In the case of Service Enterprises, if the investment in equipment does not exceed Rs. 10 lakh, the enterprise is specified as Micro Enterprise.
No:2. If the investment ranges from Rs. 10 lakh to Rs. 2 crores, the enterprise is specified as Small Enterprise.
No:3. If the investment ranges from Rs. 2 crores to Rs. 5 crores, the enterprise is specified as Medium Enterprise.
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