![]() ![]() Now we are unable to administer any stimulus or relief to any enterprise in the country even though we want to. All this is manageable when the going is good but surely not when there is chaos. A company doing a turnover of Rs 1 lakh a month and Rs 20 crore a month are both called an MSME. “How can we have the same lane on a highway for a cyclist and a lorry? That’s exactly what’s happening in the name of MSME. According to the MSME Ministry’s 2020-21 annual report, of 6.33 crore MSMEs in India, 6.30 crore are micro enterprises, while 3.31 lakh are small units, and only 5,000 are medium businesses accounting for 0.52 per cent and 0.01 per cent of the total estimated MSMEs, respectively. The demand stems from the fact that over 99 per cent of enterprises in the MSME category are micro units, which have turnover less than Rs 5 crore, that aren’t comparable to businesses with turnover up to Rs 250 crore. The association along with its members had conducted a survey in June this year covering more than 81,000 self-employed and entrepreneurs running micro and small businesses.Įase of Doing Business for MSMEs: Consortium of Indian Associations (CIA), a prominent MSME body representing around 50 MSME associations across the country, has urged the government to create a separate ministry for micro enterprises for better focus and policy support catering to micro entrepreneurs. ![]()
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