What does micro and small enterprises mean?
Micro and small enterprises is another name for MSME (Micro, Small and Medium Enterprises). A government classification for businesses based on investment and turnover that enables access to subsidies, priority lending, and special schemes.
The two names mean the same thing. You will see "micro and small enterprises" in some ledgers, reports and contracts and "Micro, Small and Medium Enterprises" in others. The full entry covers how it works, with examples.
Read the full definition of MSME (Micro, Small and Medium Enterprises)
