What is meant by MSME ?

[amp_mcq option1=”Medium, Small and Marginalized Enterprises” option2=”Micro, Small and Marginalized Enterprises” option3=”Medium, Strategic and Micro Enterprises” option4=”Micro, Small and Medium Enterprises” correct=”option4″]

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UPSC CAPF – 2020

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The correct full form of MSME is Micro, Small and Medium Enterprises.

MSME stands for Micro, Small and Medium Enterprises, a classification used by governments to define small and medium-sized businesses.

In India, MSMEs are defined based on investment in plant and machinery or equipment and annual turnover. These enterprises play a significant role in the country’s economy, contributing to employment and manufacturing.

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