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Micro, Small and Medium Enterprises (MSMEs) are business enterprises that operate with relatively limited investment, resources and scale compared with large industries. They play an important role in entrepreneurship, employment generation, income distribution, regional development and economic growth. MSMEs encourage individuals to start businesses with comparatively smaller amounts of capital and provide opportunities for innovation and self-employment. In India, MSMEs include enterprises engaged in manufacturing, processing, services and other economic activities. Their classification is based on prescribed limits relating to investment in plant and machinery or equipment and annual turnover, with the categories broadly divided into micro, small and medium enterprises. Micro enterprises operate on the smallest scale and generally involve limited capital, technology and workforce. ____ _________ ______ _____ ___ ______ ___ ___ _______ ______ __________ ______.
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