Lecture 1: MSME & Rural Entrepreneurship PDF
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BUC University
Marwa Sadek
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Summary
This lecture provides an overview of MSME (Micro, Small, and Medium Enterprises) and rural entrepreneurship, including classifications and opportunities. It covers various aspects such as the opportunities and challenges faced by rural entrepreneurs.
Full Transcript
# Lecture 1 Associate prof: Marwa Sadek # MSME - Micro, Small and Medium Enterprises (MSME). - Ministry of Micro, Small & Medium Enterprises. - A number of statutory and non-statutory bodies work under the aegis of the Ministry of MSME. ## MSME - Classification ### 2006 Act | Type of Enterpris...
# Lecture 1 Associate prof: Marwa Sadek # MSME - Micro, Small and Medium Enterprises (MSME). - Ministry of Micro, Small & Medium Enterprises. - A number of statutory and non-statutory bodies work under the aegis of the Ministry of MSME. ## MSME - Classification ### 2006 Act | Type of Enterprise | Manufacturing | |---|---| | Micro | ≤ 25 Lakhs | | Small | 25 lakhs to 5 crore | | Medium | 5 to 10 crore | ### 2018 Bill | Type of Enterprise | All Enterprise | |---|---| | Micro | ≤ 5 crore | | Small | 5 crore to 75 crore | | Medium | 75 to 250 crore | ## MSME - Organisational Structure - SS&FA - Special Secretary and Financial Advisor. - SS&DC - Special Secretary and Development Commissioner. - JS - Joint Secretary ## Rural Entrepreneurship - Opportunities - Support & Motivation to local people. - Low establishment cost. - Competitive advantages / Availability of labour - Government policies and subsidies. - Availability of raw materials. - Cost of production. - Optimum utilization of produces - Employment generation for rural youth. - Promotion cost. - Potential customer. - Building the goodwill. ## Rural Entrepreneurship - Opportunities - Lack of infrastructural facilities. - Financial constraints. - Lack of technical know-how. - Marketing problems. - Lack of adequate knowledge and information. - Legal problems.
