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Micro enterprises need exclusive treatment
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Considering their huge numbers and heterogeneity, applying the umbrella policy for MSMEs isn’t serving their interests
Micro enterprises are identified from the survey-based information captured by National Sample Survey Organisation (NSSO), a key data-collection agency of the government. It is dissatisfying that the same schedule is used to seek responses by clubbing micro enterprises with small and medium enterprises (SMEs), which collectively are referred as MSMEs.
In 2007, the Ministry of MSMEs was formed in recognition of their distinctness from the large firms. For most part of the policy and stimulus package, the incentives and relief are designed as common across MSMEs bringing them under one umbrella. This tends to bypass micro enterprises even if they are overwhelmingly predominant in the collective group of MSMEs.