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Institutional framework
Which ministry is the nodal ministry for the MSME sector in India?
The Ministry of Micro, Small and Medium Enterprises (MoMSME) is the nodal ministry responsible for policy formulation, regulation, and promotion of the MSME sector.
What is the full form of MSMED Act and when was it enacted?
Micro, Small and Medium Enterprises Development Act, enacted in 2006
What is the primary legislation governing the definition and regulation of MSMEs in India?
The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is the primary legislation governing MSMEs, providing the statutory framework for their definition, development, and regulation.
Which government body is responsible for policy formulation for the MSME sector at the central level?
Ministry of Micro, Small and Medium Enterprises (MoMSME)
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