📝 One-liners · 65 cards
MSME policy, regulatory and legal framework
What is the primary legislation governing MSME development in India?
The Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 is the primary legislation that provides the framework for promotion and development of MSMEs in India.
What is the full form of MSMED Act?
Micro, Small and Medium Enterprises Development Act, 2006
Which ministry is responsible for policy formulation related to MSMEs in India?
The Ministry of Micro, Small and Medium Enterprises (MoMSME) is responsible for policy formulation, coordination, and monitoring of programs related to MSMEs in India.
Under which schedule of the Constitution do states derive power to legislate on small industries?
Entry 24 of List II (State List) of Seventh Schedule
🔒
Unlock 65 revision one-liners
Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for MSME policy, regulatory and legal framework.
🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days