1.

Describe the “MSMES”?

Answer»
  • The Micro, Small and Medium Enterprises are defined under the MSMED Act 2006.
  • The enterprises are classified as Manufacturing and Service enterprises based on the investment in plant and machinery and equipment (excluding land and building).
  • Tamil Nadu accounts of 15.07% Micro, Small and Medium Enterprises (MSMEs) in the country (the highest among all States) with 6.89 lakhs registered MSMEs.
  • Producing over 8000 varieties of product for a total investment of more than Rs 32,008 crore.
  • MSMEs produce a wide variety of products in almost all sectors.
  • The prominent among them are the engineering, electrical, chemicals, plastics, steel paper, matches, textiles, hosiery and garments sector.
  • Around 15.61 lakh entrepreneurs have registered, providing employment opportunities to about 99.7 lakhs persons with total investment of Rs. 1,68,331 crore.


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