What is the MSME sector?

The Micro, Small and Medium Enterprises (MSME) are classified in two classes i.e. Service Enterprises and Manufacturing Enterprises as per Micro, Small & Medium Enterprises Development (MSMED) Act, 2006. You can read about the Micro, Small and Medium Enterprises (MSME): Classification and Importance in the given link.

MSME sector is a vital sector which supports larger industries and companies by supplying different raw materials and components of end products. 

Further readings:

  1. Atmanirbhar Bharat Abhiyan – COVID-19 Relief Package
  2. Make In India – Initiatives, Aims, Advantages & Challenges

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