MSME stands for:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Micro, Small and Medium Enterprises
MSME stands for Micro, Small and Medium Enterprises. These are businesses grouped into three classes by their investment in plant and machinery and their annual turnover, under the MSME Development Act, 2006. They are looked after by the Ministry of Micro, Small and Medium Enterprises.