MSME
MSME stands for micro, small and medium enterprises, a classification used in many economies to denote a broad group of small businesses. The term typically reflects size-based distinctions tied to factors such as employee count, capital investment in equipment or plants, and annual turnover. Definitions and thresholds vary by country, and some jurisdictions use a combination of these criteria.
MSMEs play a key role in job creation, innovation, and regional development. They often operate as suppliers
Classification criteria differ by country. In many places, micro, small, and medium categories are defined by
Governments often provide support to MSMEs through financing schemes, credit guarantees, subsidies, tax incentives, and procurement
Overall, MSMEs are a foundational element of many economies, contributing to employment, innovation, and supply chain