Government Keen To Revise Definition Of MSME | SupportBiz


Government Keen To Revise Definition Of MSME

Mishra said his Ministry was reworking the definition of MSMEs.

New Delhi: Government seems to be keen to revise the definition of MSMEs in order to ensure that they are able to keep pace with the changing business environment, MSME Minister Kalraj Mishra said.

The Minister emphasised upon the need for skill development and an integrated approach to create opportunities for the common people and young entrepreneurs.

He mentioned that this will not only build confidence, but also lead to self-sustainability resulting in self-development and nation building.

"As there are over four lakh unregistered enterprises, how to bring them into the mainstream is what needs to be worked upon. This would need identification of several new sectors like defence and aviation," Mishra said.