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Question
What are the salient features of the Micro Small and Medium Enterprises Development Act 2006?
What are the salient features of the Micro Small and Medium Enterprises Development Act 2006?
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Solution
Striking features of the Micro, Small and Medium Enterprises Development Act, 2006 are
- Establishment of a legal National Board for micro, small and medium businesses.
- Availability of credit.
- Measures for assurance, improvement, and enhancing the competitiveness of micro, small and medium undertakings.
- Filing of the memorandum.
- Provisions identified with deferred payments to micro, small, and medium businesses.
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Striking features of the Micro, Small and Medium Enterprises Development Act, 2006 are
- Establishment of a legal National Board for micro, small and medium businesses.
- Availability of credit.
- Measures for assurance, improvement, and enhancing the competitiveness of micro, small and medium undertakings.
- Filing of the memorandum.
- Provisions identified with deferred payments to micro, small, and medium businesses.
Stay tuned to BYJU’S to learn similar Commerce Questions.
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