Shardul Manurkar creator Yugank Goyal creator text monographic eng ENG

print

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. MSME Micro Small Medium Enterprises Development (MSMED) Act Small Industries Development Organisation National Commission for Enterprises in the Unorganised Sector (NCEUS) Enterprises 230907 20230907095331.0