International MSME Day
International MSME Day
The June 27 is International MSME day. The MSME mean Medium Small Micro Enterprise day. This day is encouraging such a people who are Entrepreneur.
The MSME include food, textile, IT, metal, Medical electronics sector. There are so many type of Business are including in MSME sector. This MSME help to such a people like self-employed, house wife, student and young.
The definition of the MSME in India-
(1) Micro enterprise- investment less than 1 Crore and turn over less than 5 crore.
(2) Small enterprise investment less than 10 Crore and turn over less than 50 crore.
(3) Medium less enterprise investment than 100 Crore and turn over less than 5 crore.
All amount are in INR
INR- Indian National Rupees
The definition can be change country to country
Role of MSME-
The MSME play big role in Society it provide billion dollar in revenue and provide employments.
According to United nation there are 90% of businesses is belong from MSME. The MSME help main role to improve rate of employment.
The government and so many bank give loan for it. They provide training.
Advantage of MSME-
(1) Increase employment.
(2) Self dependent
(3) Training to entrepreneur.
(4) Increase revenue
(5) Upgrading of technology of enterprise
(6) Infrastructure
(7) Modernization
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