MSME-Micro, Small, and Medium Enterprises are the backbone of many economies, driving innovation, job creation, and economic growth. These businesses are classified based on their annual turnover and investment in equipment. MSMEs benefit from various government schemes, financial support, and tax incentives aimed at promoting entrepreneurship. They play a vital role in industrial development, export promotion, and rural employment, contributing significantly to GDP and economic diversification. Supporting MSMEs helps strengthen local economies and foster inclusive growth.
