Updated: Aug 7, 2020
MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions.
Manufacturing enterprises – engaged in the manufacturing or production of goods in any industry
Service enterprises – engaged in providing or rendering services
According to the revised definition, MSMEs are classified based on investment and turnover as follows
The Ministry of Micro, Small and Medium Enterprises released revised guidelines about the Scheme of Surveys, Studies and Policy Research. The guidelines are as follows
The objectives of the “Scheme of Surveys, Studies and Policy Research” are:
(i) To regularly/periodically collect, from primary, secondary and other sources, relevant and reliable data on various aspects and features of micro, small and medium enterprises (MSME) engaged in manufacturing and services (whether in the category of micro/small enterprises, khadi, village industries or coir) as a composite group or specific segments thereof.
(ii) To study and analyse, on the basis of empirical data or otherwise, the constraints and challenges faced by the MSME as well as the opportunities available to them, in the context of liberalisation and globalisation of the economy.
(iii) To use the results of these surveys and analytical studies for policy research and designing appropriate strategies and measures of intervention by the Government, by itself or in public-private partnership mode, to assist and enable these enterprises in facing the challenges and availing of the opportunities with a view to enhancing their efficiency and competitiveness and also expanding generation of sustainable employment by them.
OTHER GENERAL TERMS AND CONDITIONS
The other general terms and conditions applicable to each assignment under this Scheme will be:
(i) The assignment should be completed within the time stipulated in the agreement. Delay in the submission of the report beyond the stipulated time will attract penalty as provided for in the agreement. For factors beyond the control of the consultants given the assignment, suitable extension in time may, however, be granted at the request of the institution.
(ii) The Government shall not pay any extra amount for any escalation in the cost of the assignment beyond the time period stipulated in the agreement.
(iii) The total fee for the study as agreed with the organisation will include GST and other taxes/levies/cess if any, and the liability of payment of the tax will be of the organisation/consultants conducting the study.
(iv) Ten hard copies of the final report, 15 hard copies of the executive summary and ten CDs containing the final report shall be submitted before releasing the final instalment of payment.
(v) During the currency of the assignment, the TOR and other terms and conditions of the assignment, if necessary, may be modified in order to strengthen/deepen its scope/coverage with the concurrence of the institution concerned. As far as possible, such modifications will not be made more than once during the currency of study. In case, there is cost escalation due to substantial and major changes in the Terms of Reference, such cost escalation shall be restricted to a maximum of 25% over and above the original cost subject to the approval of the Committee and the concurrence of the Integrated Finance Wing.
(vi) The draft/final reports and the contents thereof would be the intellectual property of the Government and would not be published by the institution concerned without prior approval of the Government.
(vii) In case of change of consultant/team leader during the currency of study, the new consultant/team leader may be appointed by the Institution with the prior approval of the concerned Division / Organisation.
(viii) The Consultant will notify the concerned Division/organisation of any material change in their status, shareholding or that of any Guarantor of the Consultant, where such change would impact on the performance of obligations of the Consultant under the Agreement.
(ix) If the performance of the Consultant during the currency of the study is not found to be satisfactory, the agreement can be terminated and action will be taken by the concerned Division/organisation to recover the amount already paid to the Consultant.
(x) The raw data/processed data/ findings should not be disclosed by the Institution to any third party without prior approval of the concerned Division/organisation.