The Micro, Small and Medium Enterprises (MSMEs) contribute significantly to value addition, employment generation, exports and over all growth and development of the country’s economy. Govt. of India has enacted the Micro, Small and Medium Enterprises Development Act, 2006 with a view to providing a comprehensive legal frame work to address the needs of both the manufacturing and the service sector MSMEs, particularly to enable the MSMEs of the country to face the emerging challengers in globalised and competitive market. The Government of India has announced an all India campaign under the National Manufacturing Competitiveness Programme (NMCP) for the Micro, Small and Medium Enterprises so as to withstand global and organized competition and to thrive through better technologies and skills. The Govt. of Odisha has also notified Industrial Policy Resolution–2007 (IPR–2007) which provides specific fiscal as well as non–fiscal interventions to develop the Micro, Small and Medium Enterprises of the State. |