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What is Classification of MSMEs in India about?
The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 classifies industries based on investment in plant and machinery for manufacturing and equipment for service enterprises. Manufacturing enterprises are categorized into micro, small, and medium based on investment thresholds, while service enterprises have different limits for classification. Small businesses play a crucial role in India by generating employment, promoting regional development, optimizing resources, and contributing to ex
- Author
- kripansh
- Language
- EN