Students can go through AP Inter 1st Year Commerce Notes 10th Lesson Micro, Small and Medium Enterprises (MSMEs) will help students in revising the entire concepts quickly.
AP Inter 1st Year Commerce Notes 10th Lesson Micro, Small and Medium Enterprises (MSMEs)
→ The Micro, Small and Medium Enterprises Development (MSMED) Act 2006 – the main aim of this act is to develop and regulate the MSMEs.
→ MSME.S are classified in two classes.
- Manufacturing enterprises
- Service enterprises
→ 90% of MSMEs in India are unregistered, 40% of exports in India are through MSME channel.
→ MSMEs provide a good market for foreign companies to start venture capital businesses in India.
→ Micro, Small and Medium Enterprises (MSMEs) contribute nearly 8 percent of the country’s GDP, 45 percent of the manufacturing output and 40 percent of the export.