What is meant by MSME ?

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Medium, Small and Marginalized Enterprises

Micro, Small and Marginalized Enterprises

Medium, Strategic and Micro Enterprises

Micro, Small and Medium Enterprises

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This question was previously asked in

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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