Glossary

NSN Glossary

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There are 1 names in this directory beginning with the letter M.
MSME
MSME -The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 on June 16 . With the enactment of MSMED Act 2006, the paradigm shift that has taken place is the inclusion of services sector in the definition of Micro, Small and Medium Enterprises, apart from extending the scope to Medium Enterprises Development. It was launched during July 2012 as an inclusive platform for social impact funds, venture capitalists, corporate foundations, early investors, and donors to support and scale innovative solutions for base of the pyramid populations in India and around the world.The MSMED Act, 2006 defines the Micro, Small and Medium Enterprises based (i) on the investment in plant and machinery for those engaged in manufacturing or production, processing or preservation of goods and (ii) on the investment in equipment for enterprises engaged in providing or rendering of Services.