Micro Small and Medium Enterprises

Dr. R. Praveena, P. Mathivathana

Abstract: In this article we are discussed about Micro Small and Medium Enterprises. The Micro, Small and Medium Enterprises Development (MSMED) Act was notified in 2006 to deal with policy issues affecting MSMEs as well as the coverage and investment ceiling of the sector. It classified as manufacturing sector and service sector. Micro, Small and Medium Enterprises (MSMEs) are crucial for the economic growth and stability of any country and play a vital role especially for developing countries. The MSMEs are initiate so many policies for developing micro, small and medium enterprises. The policies are Udyog Aadhaar Memorandum, Zero Defect Zero Effect, Quality Management Standards & Quality technology Tools, Grievance Monitoring system, Incubation, Credit linked capital subsidy scheme and Women Entrepreneurship these are all some new initiatives of MSMEs

Keywords: MSME, Provisions, recent initiatives, problems and major schemes