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Schemes for MSME

Startup and MSME

MSME or Micro, Small or Medium Enterprises are considered as the backbone of the country’s economy, considering the significant contribution these enterprises make to the economy. The concept of MSME (or Micro, Small and Medium Enterprise) was introduced by the Government of India and is managed by the Ministry of MSME, classifying entities that are engaged in the manufacturing, production, preservation or processing of commodities and goods.

Enterprises are classified as Micro, Small or Medium depending on the amount of investment and the annual turnover of these businesses, irrespective of whether they belong to the manufacturing sector, service sector or both. An enterprise with an investment of less than Rs 1 crore and a turnover of less than Rs 5 crore is termed as a Micro Enterprise. A Small Enterprise is one where the investment is less than Rs 10 crore and the annual turnover is up to Rs 50 crores. An enterprise with an investment of less than Rs 50 crore and a turnover of up to Rs 250 crore is termed as a Medium Enterprise.

Government Schemes And Their Benefits

The Government of India introduces several schemes for the benefit of these MSMEs. However, often the MSME business owners are not aware of these schemes and thus lose out on benefiting from them.
These Government schemes for MSMEs have several advantages that business owners can benefit from. Some of the benefits of the Government schemes are as follows

  • The Government schemes provide a sense of security to the entrepreneurs
  • Some schemes provide financial security to businesses and individuals
  • Certain schemes provide technological support and guidance to individuals
  • Overall, Government schemes help individuals and entrepreneurs improve their livelihood

But often businesses lose out on taking advantage of these schemes designed for them owing to a lack of information regarding the various Government schemes.

Details of schemes are  attached in file.

Tags :
MSME Schemes,Schemes of MSME,Startup Scheme
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  1. We are extremely satisfied with there professional, as they are extremely well planned and supported with appropriate supervision and guidance. Top consultant of India
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