Shardul Manurkar Yugank Goyal

The need for developing a new taxonomy for MSME : The case for nano-enterprises Economic and Political Weekly Vol.58; No.34 - 26 Aug. 2023 pp. 14-18

This article looks at the asymmetry embedded within the classification of micro, small and medium enter­prises that distorts equitable policy attention to the sector. Around 99% of MSMEs are microenterprises, and within micro, almost 70% consists of “tiny” units, often called nano-enterprises. It then examines the historical evolution of these classifications and their numerical arbitrariness, and shows that the taxonomy needs to be revised.


Commerce


MSME
Micro
Small
Medium Enterprises Development (MSMED) Act
Small Industries Development Organisation
National Commission for Enterprises in the Unorganised Sector (NCEUS)
Enterprises