The document discusses Micro, Small, and Medium Enterprises (MSMEs) in India. It defines MSMEs and notes they are an important sector for India's economy, generating employment and contributing to development. The National Board for MSMEs oversees their promotion and enhancement. The government plays a key role in MSME development through various schemes and programs. Major schemes support innovation, skills training, and access to credit. Statutory bodies like the National Institute for MSMEs provide support through research, training, and technology centers.

1. ENTREPRENEUR
ENTREPRENEURSHIP AND
MICRO,SMALL AND MEDIUM
ENTERPRISIS(MSMES)
BY
HAABIL USMAN
21BDACC059
BCA BIG DATA A

2. Content
index
Introduction
Micro,small and medium enterprisis
Role of msmes
Definition of msmes
National board of micro,small and medium enterprisis
Promotion,development and enhancement of comptitivness of msme
Role pf government in development of msmes
Major program and schemes of the minsitry of msme

3. introduction
The Government of India has introduced MSME or Micro, Small,
and Medium Enterprises in agreement with Micro, Small and
Medium Enterprises Development (MSMED) Act of 2006. These
enterprises primarily engaged in the production, manufacturing,
processing, or preservation of goods and commodities.
MSMEs are an important sector for the Indian economy and have
contributed immensely to the country’s socio-economic
development

4.  MSMEs are an important sector for the Indian economy and have
contributed immensely to the country’s socio-economic
development. It not only generates employment opportunities but
also works hand-in-hand towards the development of the nation’s
backward and rural areas. According to the annual report by the
Government (2018-19), there are around 6,08,41,245 MSMEs in
India.

5. An Entrepreneur
 An entrepreneur is someone who develops an enterprise around an
innovation. They manage the business and assume the risk for its success.
 The definition of an entrepreneur isn’t set in stone. To better understand
what an entrepreneur is, learn more about the different types of
entrepreneurs, what they do, and characteristics you’re likely to recognize
among them.

6. Concept of entrepreneurship
 Entrepreneurship is the ability and readiness to develop, organize and run
a business enterprise, along with any of its uncertainties in order to make a
profit. The most prominent example of entrepreneurship is the starting of
new businesses.
 In economics, entrepreneurship connected with land, labour, natural
resources and capital can generate a profit. The entrepreneurial vision is
defined by discovery and risk-taking and is an indispensable part of a
nation’s capacity to succeed in an ever-changing and more competitive
global marketplace.

7. MICRO,SMALL AND MEDIUM ENTERPRISIS
 The Indian Government has modified the definition of MSMEs under the
Atmanirbhar Package announced in the year 2020 to increase the number
of enterprises eligible for being classified as micro, small and medium
enterprises. For this purpose, the threshold limits of investment and
turnovers of MSMEs have been raised higher and have been extended to
both goods-based and service-based businesses. Besides, the method of
calculation of investments and turnovers have also been altered to
introduce two new concepts of net investments and net turnovers. The
purpose of this article is to educate the readers about the newly
determined criteria for eligibility of businesses to be categorised as MSME.

8. ROLE OF MSMEs IN ECONOMIC
DEVELOPMENT
 Micro, Small and Medium Enterprises (MSMEs) have the potential to be key
employment generators and help achieve the goal of taking the Indian
economy to US$ 5 trillion in the next five years. Most companies are now
looking to create solutions with new and emerging technologies in this
high-growth sector. The MSMEs sector supplies goods and services to
large industries and is the backbone of exports from India. As the MSME
full form suggests, it covers different types of enterprises based on their
size – micro, small and medium. India has more than nine crore MSMEs,
accounting for nearly 40% of the exports from India.

9.  The pandemic has pushed MSMEs to digitise. Innovative FinTech
solutions can be the key to taking MSMEs to the next level and help
India become a global economic powerhouse.
 MSMEs have their own set of challenges to their growth journey. One of
these is the timely availability of required funds. 80% of MSMEs lack
access to formal lending channels. The need for credit is more during
seasonal spikes, like festive seasons. Small companies in retail sectors
need to be prepared to take growth advantages during important festive
seasons as consumers look for high-value purchases.
This Photo by Unknown author is licensed under CC BY-NC.

10. MSME Definition
 MSME stands for Micro, Small, and Medium Enterprises. In accordance with
the Micro, Small, and Medium Enterprises Development (MSMED) Act in
2006, the enterprises are classified into two divisions.
 Manufacturing enterprises – engaged in the manufacturing or production
of goods in any industry
 Service enterprises – engaged in providing or rendering services

11. The Micro, Small and
Medium Enterprises
Development Act, 2006
 The MSME Development Act, 2006, has
been implemented to ease the businesses
of such enterprises, while making them
more competitive and economically
sound. The Act provides a nuanced
understanding of registration benefits, the
process of registration and imposition of
fines and penalties in case of default.

12. This Photo by Unknown author is licensed under CC BY.

13. National Board for Micro, Small &
Medium Enterprises (NBMSME)
 The Chapter II, Section 3 to Section 6 of the MSMED Act-2006 provides for
establishment of National Board for Micro, Small & Medium Enterprises
(NBMSME) and its functions etc. Accordingly, to give effect to the
formation of NBMSME, Rules were notified on 26th September 2006 which
provided procedure of establishment of the Board, term of the members
other than ex-officio members limited to two years, manner of filling the
vacancies, procedure to be followed for convening of meetings and
discharge of functions by the members of the Board, etc.

14. Innovation Promotion in Micro, Small
and Medium-sized Enterprises (MSMEs)
 Title: Innovation Promotion in Micro, Small and Medium-sized Enterprises
(MSMEs)
 Commissioned by: German Federal Ministry for Economic Cooperation and
Development (BMZ)
 Country: India
 Lead executing agency: Ministry of Micro, Small and Medium Enterprises
(MoMSME)
 Overall term: 2018 to 2020

15.  Sustainable economic development is at the top of the political agenda in
India. By 2017, the aim is for growth to be ‘faster, sustainable and more
inclusive’. Every year, around 12 to 13 million young people enter the
labour market. In order to absorb this influx of job seekers, between 120
and 130 million new jobs will need to be created by 2025. The private
sector, particularly micro, small and medium-sized enterprises (MSMEs), is
expected to be a key driver here.

16. ROLE OF GOVERNMENT IN DEVELOPMENT
OF MSMES
 The ‘Make in India’ initiative and the ‘Atmanirbhar Bharat Abhiyaan’ (Self
Reliant India Campaign) have played a key role in promoting business and
local manufacturing in the country, giving special thrust to Micro, Small
and Medium Enterprises (MSMEs), also referred to as the backbone of
Indian economy.

17. STATUTORY BODIES, AND OTHER ATTACHED OFFICES
UNDER THE MINISTRY OF MICRO SMALL AND
MEDIUM ENTERPRISE
 There are four statutory bodies in the MSME ministry:
 Khadi and Village Industries Commission (KVIC)
 National Small Industries Corporation Limited (NSIC)
 National Institute for Micro, Small and Medium Enterprises (NI-MSME)
 Mahatma Gandhi Institute for Rural Industrialization (MGIRI)

18. National Institute of Micro, Small and
Medium Enterprises(NIMSME)
National Institute for Micro, Small and Medium Enterprises (ni-msme) is a
national institute aimed to foster the progress of micro, small and medium
enterprises in India under Ministry of Micro, Small and Medium Enterprises.
NI-MSME is registered in Hyderabad, Telangana, under Public Societies
Registration Act I of 1350 Fasli with effect from 1 July 1962.
The affairs of the Society are managed, administered, directed and controlled
through Governing Council constituted by the Government of India as per
Rule 22(a & b) of Rules and Regulations of the Society.

19. THE MAIN OBJECTIVE OF NI-MSME
INCLUDES
 To Establish Centre of Excellence – EV for E-Mobility, Skill Development,
Research, Innovation and Incubation in association with MG Motor India
Pvt. Ltd.
 To equip the participants with right skills & knowledge to empower them
and make them ready for industry.
 To work collaboratively for capacity building programs.
 To collaborate with industry – academia – government for research,
innovation and incubation.

20. Technology Center
 This is a list of technology centers throughout the world. Government
planners and business networks often incorporate “silicon” or “valley” into
place names to describe their own areas as a result of the success
of Silicon Valley in California. Metrics may be applied to measure
qualitative differences between these places, including:

 How much and to what extent public and/or private research and
development (R&D) funds are spent in the zonesWhat percentage of local
employment is technology related

21. MSME
TECHNOLOGY
CENTER
BANGALORE
This Photo by Unknown author is licensed under CC BY-SA.

22. Schemes for Msmes
 The ‘Make in India’ initiative and the ‘Atmanirbhar Bharat Abhiyaan’ (Self
Reliant India Campaign) have played a key role in promoting business and
local manufacturing in the country, giving special thrust to Micro, Small
and Medium Enterprises (MSMEs), also referred to as the backbone of
Indian economy
 The central government has also taken immediate response measures in
the form of the Atmanirbhar Bharat Package to ensure continuity of
businesses during the COVID-19 pandemic.

23.  Along with these measures, the main governing body for MSMEs in the
country, i.e., the Ministry of Micro, Small and Medium Enterprises (M/o
MSMEs) also has numerous schemes in place to support the budding
manufacturing units across the country.
 The central government has also taken immediate response measures in
the form of the Atmanirbhar Bharat Package to ensure continuity of
businesses during the COVID-19 pandemic

24. This Photo by Unknown author is licensed under CC BY.

25. THANK YOU
This Photo by Unknown author is licensed under CC BY-NC-ND.