Around 5 crore operating MSMEs present in India offering employment to around 11 crores in 2016-17
Around 78 lakh MSME are registered
32% contribution to GDP in 2016-17 reported by CSO
48% contribution to exports
78% of MSME are dependent on self-finance
MSME are regulated by MSME Development Act 2006
Feb 2018, Cabinet approved amendments to MSMED Act 2006

MSME classification

Classification criteria was based on ‘investment in plant & machinery/equipment'< span>

Proposal for change in classification criteria 'annual turnover' is under consideration

Khadi and Village Industries Commission KVIC

Statutory body under aegis of Ministry of MSME [Not Min of Textiles, NOT Min of Commerce, NOT Min of Rural Development]
Objectives

Providing employment (social objective)
Producing saleable articles (economic objective)
Creating self-reliance amongst the poor and building up of a strong rural community spirit.

Nodal Agency at national level for implementation of Pradhan Mantri Employment Generation Programme
Scheme of Fund for Regeneration of Traditional Industries (SFURTI)
A Scheme for Promoting Innovation, Rural Industry and Entrepreneurship (ASPIRE)
Honey Mission

It is a PSU established by the Government of India in 1955 under Ministry of MSME
To promote and develop micro and small scale industries and enterprises in the country.
Objective is to provide machinery on hire purchase basis and assisting and marketing in exports.
Nowadays, it is also providing assistance by setting up incubation centers in other continents and also international technology fairs to provide aspiring entrepreneurs and emerging small enterprises a platform to develop skills, identify appropriate technology, provide hands-on experience on the working projects, manage funds through banks, and practical knowledge on how to set up an enterprise.

To enhance the global competitiveness of manufacturing Micro, Small and Medium Enterprises through

Lean Manufacturing Competitiveness Scheme - Reduction of wastes with the help of lean manufacturing concepts
Technology & Quality Up-gradation support for MSMEs (TEQUP).
Promotion of ICT in manufacturing Sector.
Building Awareness on Intellectual Property Rights (IPR).
Entrepreneurial & Management Development of SMEs through incubators.

Implemented by the Ministry of MSME since 2008-09 by merging the two schemes, namely Prime Minister's Rojgar Yojana (PMRY) and Rural Employment Generation Programme
It is a major credit-linked subsidy programme aimed at generating self-employment opportunities through establishment of micro-enterprises in the non-farm sector by helping traditional artisans and unemployed youth in rural as well as urban areas.
The Khadi and Village Industries Commission (KVIC) is the nodal implementation agency for the PMEGP at the national level.
At the state/district level, state offices of KVIC, Khadi and Village Industries Boards (KVIBs) and District Industry Centres (DIC) are the implementing agencies.
Higher rate of subsidy (25%-35%) will be applicable for Women, SC/ST, OBC, Physically Disabled, NER applicants in rural areas

Ministry of MSME and SIDBI jointly established this Fund
Objective: to implement Credit Guarantee Scheme for Micro and Small Enterprises.
Corpus contributed by GOI and SIDBI
75% of the loan amount to the bank is guaranteed by the Trust Fund
Collateral free loan up to a limit of ₹ 1 crore is available for individual MSE on paym nt of guarantee fee to bank by the MSE.
Both existing and new enterprises are eligible under the scheme