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What Kind of business comes under MSME
Introduction Micro, Small and Medium Enterprise (MSME) is a branch of the Indian Government that substantially manages the socio-economic development of the nation. It was introduced in agreement with the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, under which the Ministry of MSME owns and manages MSME. And it facilitates and develops the…
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The Growth of MSME in 2021
For India, Micro, Small, Medium Enterprises are engines of the manufacturing sector economy. MSMEs contribute around 30% of Gross Domestic Product and 40% to Indian exports. It significantly generates employment, develops regional areas and empowers socio-economic growth. It gives employment to almost 100 million people, which makes it the largest source of an employment-generating sector…