MSME As I work in finance industry, I thought of sharing and increase my knowledge in various sectors of Finance and its related fields. Hence to start with I come up with the idea to explore about MSME like what is MSME, what does it mean, what is the process of registering as an MSME, its benefit etc. So to begin with, let’s first understand, what is MSME? Full form of MSME is Micro, Small and Medium Enterprise which is governed by MSME Act, 2006. MSME units are regulated by the Ministry of Micro, Small and Medium Enterprises, which is a branch of Government of India whose job is to formulate and administrate rules, regulations and laws related to MSME enterprises in India. Currently i.e. as on September’20, Mr Nitin Gadkari is the minister of MSME . In which category a business unit is as per revised definition which came into effect from July 1, 2020 depends upon two factors, one is Investment in plant and Machinery and another is turnover achieved by the entity in previous ...